$535,000 Sale

Listed 10 hours ago

44-46 Yonge

MLS® 2131195 Multi Family

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Beds · 0

Baths · 0.0

Parking · 0

Sqft · -

Est. mortgage

$2,030/mo

Key Facts

Key facts for 44-46 Yonge

Property Type

Apartment

Parking

Garage: Yes, 0 parking

MLS #

2131195

Size

Basement

Full

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

Description

Calling all investors and house-hackers! This legal nonconforming 3-unit bungalow in the bustling core of Chelmsford is a rare find, offering above an 8% cap rate. Generating a gross annual income of about $57,600 and a Net Operating Income of around $44,679, this meticulously maintained 1958 proper...ty is fully tenanted by reliable, long-term renters who treat the home with care. Offering 1,320 sq. ft. of above-grade living space and a fully finished 1,320 sq. ft. lower level, the property provides a proven layout for strong rental income. It features an attached garage, a convenient carport for tenant parking, and numerous recent updates (full list available through your realtor). Outside, a fully fenced backyard offers a secure, private space perfect for summer BBQs and cozy evening fires. Situated in a highly walkable location that guarantees low vacancy rates, the property provides residents with immediate access to public transit, commercial services, schools, shopping. Unit 1 can be vacant upon closing (Main Floor, 2 Bed / 1 Bath): A sprawling suite featuring a spacious living room, a large eat-in kitchen, and convenient side-entrance access to the basement. Currently rented at $1,900/month (inclusive). Unit 2 (Main Floor, 1 Bed / 1 Bath): A cozy, highly rentable suite perfectly sized for a single professional or a couple. Currently rented at $1,100/month (inclusive). Unit 3 can be vacant upon closing (Lower Level, 1 Large Bed / 1 Bath): A bright and inviting basement suite showcasing an open-concept kitchen and living area, plus a generously sized bedroom. Currently rented at $1,800/month (inclusive). Whether you are looking to add a reliable, high-performing multi-family property to your investment portfolio or hoping to live in one unit while the others pay your mortgage, this property offers exceptional income potential. Book your showing today! (id:10452)

Full Property Details

Interior

Washrooms

0.0

Basement

Full

Heating Type

Forced air

Air Conditioning

None

Full Bathrooms

Half Bathrooms

Washrooms

0.0

Basement

Full

Heating Type

Forced air

Air Conditioning

None

Full Bathrooms

Half Bathrooms

Exterior

Acreage

4,051 - 7,250 sqft

Parking Spaces

Garage Spaces Y/N

Yes

Road Type

Paved road

Roof Material

Asphalt shingle

Zoning Description

R1-5 LNC

Land Amenities

Golf Course, Park, Public Transit, Schools

Acreage

4,051 - 7,250 sqft

Parking Spaces

Garage Spaces Y/N

Yes

Road Type

Paved road

Roof Material

Asphalt shingle

Zoning Description

R1-5 LNC

Land Amenities

Golf Course, Park, Public Transit, Schools

Building Description

Home Type

Apartment

Subtype

Multi Family

Exterior

Brick, Vinyl siding

Sewers

Municipal sewage system

Water Supply

Municipal water

Home Type

Apartment

Subtype

Multi Family

Exterior

Brick, Vinyl siding

Sewers

Municipal sewage system

Water Supply

Municipal water

Community

Downtown

Area Code

Greater Sudbury

Community

Downtown

Area Code

Greater Sudbury

Other

Virtual Tour Link

https://nerg.ca/44-46-yonge

Virtual Tour Link

https://nerg.ca/44-46-yonge

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Marcel Gladu

Email: [email protected] Cell: 705-562-0789