391 Suffolk Lane Sudbury, Ontario P3C 4W8

$470,000

Fantastic investment opportunity just minutes from downtown. This well-maintained triplex offers strong cash flow with an impressive 8.61% cap rate, making it an ideal addition to any investor’s portfolio. The property features three self-contained units. The main floor 2 bedroom is currently vacant and offers immediate rental potential or the option for owner occupancy. It was previously rented for $1,465.13 + hydro. The upper floor 2 bedroom is currently rented for $1,399.95 + hydro. The basement one bedroom is rented for $1,250/month (all-inclusive). Recent updates include a recently redone roof (August 2025), providing peace of mind for years to come. The low-maintenance lot leaves virtually no yard work, making management simple and efficient. Additional features include: parking for two vehicles, three separate hydro meters, walking distance to shops, restaurants, transit, and other amenities near downtown. With a gross annual income of $50,399, this property is already producing excellent returns. Whether you’re a seasoned investor or just getting started, this turnkey triplex is a proven money maker. Don’t miss this opportunity to own a solid income property with strong cash flow! (id:15069)

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https://www.realtor.ca/real-estate/29507025/391-suffolk-lane-sudbury