207 Oak Street, Sudbury
Contact #: 705-419-1228
Located in Sudbury’s West End, this solid income property is just minutes from the Downtown Core and the new Laurentian University McEwen School of Architecture, along major public transportation routes and there is a grocery store and beer store only a few steps away from the property.
Zoned C4 and previously laid out as a Triplex, the building has been converted into a 7 bedroom, 3 bathroom money making student residence that has little to no vacancy. The building could easily be converted back into a duplex/triplex with very little investment. 1 or 2 more bedrooms could be added to the current set up. Building is in excellent condition as there were extensive renovations completed in 2019.
Current Monthly Rental Income is $4,950 but all leases will be expiring in May so the building can be vacant upon possession and there is probably room to increase the rental rates.
MAIN FLOOR - Enclosed Front Porch, 4 Bedrooms, 4 Piece Bath and Walk-out to Raised Rear Deck
2nd FLOOR - Living Room, Dining Room, Kitchenette, 2 Bedrooms and 4 Piece Bath
WALK-OUT BASEMENT - Kitchen, Living Room, Bedroom, 3 Piece Bath, Laundry Room, Mudroom, Storage Room and Utility Room
EXTERIOR - Parking in back for 3 Vehicles, Large Backyard, Raised Deck & Ground Level Patio Area and Detached Single Car Garage (potentially could be rented out also)
Included Appliances: 2 Fridges, 1 Stove, 1 Dishwasher, 1 Stand-up Freezer, 2 Washers & Dryers
207 Oak Street