590 Norman Street
Greater Sudbury, P3E 4C6
FOR SALE
$939,000
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Investment
CATEGORY 40 x 125
LOT SIZE X13726524
MLSID Contact Us
Property Description
Exceptional turnkey investment opportunity in Sudbury's established West End! This well-maintained 6-unit multi-residential building (5 x 1-Bedroom units + 1 x Bachelor suite) delivers strong, proven cash flow and outstanding income stability. Financial & Investment Highlights: Strong In-Place Cash Flow: Generates over $87,000+ in annual gross revenue with attractive net operating yields. Property & Mechanical Features: Reliable Heating: Electric baseboard heaters and efficient gas-fired boiler with radiant water heating. Electrical: 200Amp main service with individual sub-panels. Extra Revenue: On-site coin-operated laundry facility in the common basement area. Prime Lot & Amenities: 40' x 125' lot backing directly onto tranquil parkland. Features ample on-site surface parking and individual tenant storage sheds. Prime Location: High-demand rental market with low vacancy rates, close to transit, shopping, schools, and downtown. Ideal addition to any portfolio. Full rent roll and financial package available upon receipt of a signed Confidentiality Agreement. Heating System Note: 5 units are currently heated by independent electric baseboard heaters; 1 bachelor suite is heated via gas boiler / water radiators.
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Property Details
Address
590 Norman Street
Community
City
Postal Code
P3E 4C6
Property Type
Investment, Investment
Use
Apartment
Zoning
R2-2, Low Density Residential Two
Lot Size
40' x 125'
Acreage
4,790.0 Feet
Taxes
$5,741 (2026
Heat Type
Baseboard
Water
Municipal
Parking Spaces
5
Garage Type
Outside/Surface
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Listing contracted with Homelife Landmark Realty Inc.
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