364 Morris Street Sudbury, Ontario P3B 1B6

$2,599,900

364 Morris Street, Sudbury, Ontario Turnkey 15-Unit Investment Opportunity with Extensive Renovations & Exceptional Parking Welcome to 364 Morris Street, a well-maintained and extensively renovated 15-unit apartment building in the heart of Greater Sudbury. Featuring 15 spacious two-bedroom units, all with identical layouts, this purpose-built multi-residential property underwent a comprehensive modernization in 2015/2016, offering investors a rare opportunity to acquire a stabilized asset with significant capital improvements already completed. The building was fully vacated during renovations and subsequently received occupancy approval from the City, along with compliance documentation and professional certifications. Major upgrades included new electrical systems, updated plumbing throughout, modernized fire safety systems, renovated kitchens and bathrooms, new fixtures, upgraded windows, new unit entrance doors, and a secure master-key system. Operational efficiency is enhanced by three boiler systems with modern controls, professionally maintained and regularly inspected. Residents benefit from secure controlled entry, on-site laundry facilities, and spacious two-bedroom layouts that continue to be in strong demand. Adding further value is an additional adjacent lot providing approximately 22 parking spaces, a valuable asset rarely found with apartment buildings of this size. A detached 10’ x 20’ maintenance shed offers convenient storage for equipment and building operations. Whether you’re expanding an existing portfolio or seeking a substantial income-producing property in a strong rental market, 364 Morris Street presents an outstanding opportunity backed by significant infrastructure improvements and long-term investment potential. (id:15069)

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https://www.realtor.ca/real-estate/29926730/364-morris-street-sudbury