29 Laren St

For Sale 155 Days
$2,999,900
beds
baths

29 Laren St

For Sale 155 Days
$2,999,900
beds
baths

Highlights

Key insights

Description

This is not your average income property. Set on a quiet dead-end street in a serene, residential pocket just 10-15min from New Sudbury. This rare and versatile investment sits on 1.2 acres and offers 18 total units, made up of eight two-storey townhomes & a 9-unit apartment building with a large five-bedroom, two-storey home attached. Each of the eight townhomes features three bedrooms, one-and-a-half bathrooms, a full basement, and a private backyard. With no shared common areas and separate entrances, they feel just like single-family homes. Even better, all townhomes are separately metered, and tenants pay their own heat, hydro, and water—keeping your operating expenses low and predictable. Each unit is heated by its own forced-air natural gas furnace and has its own water heater. The nine-unit apartment building offers a solid, stable tenant mix and includes access to coin-operated laundry, secure storage lockers, and is heated by newer, high-efficiency Viessmann gas boilers. Attached to the apartment block is a spacious 5-bedroom home perfect for an owner-occupier or as a premium rental. It features its own laundry room, vaulted ceilings, a den, a four-piece and a two-piece bathroom, an attached garage, and a massive detached 24’ x 50’ triple-car garage. This is a truly unique opportunity to own a turn-key income-generating property with tremendous value. Don’t miss your chance to invest in something special with exceptional unmatched long term upside and retention. Current rents leave remarkable potential for future growth. (id:63267)

ASHLEY STEFANYSHYN of EXP REALTY, BROKERAGE (MAIN),
#2121477
updated 1 week ago.
Houseful checked MLS® for data 1 week ago.

Home overview

Amenities / Utilities
  • Heat type
    Boiler, forced air
  • Sewer/ septic
    Municipal sewage system
Exterior
  • Roof
    Unknown
  • Has garage (y/n)
    Yes
Interior
  • Flooring
    Laminate, linoleum, other, carpeted
Location
  • Directions
    1961270
Overview
  • Lot size (acres)
    0.0
  • Listing #
    2121477
  • Property sub type
    Multi-family
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28120226/29-laren-street-wahnapitae
  • Listing type identifier
    Idx

Show less

The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
rbc logo
Lock your rate with RBC pre-approval
Mortgage rate is for illustrative purposes only. Please check RBC.com/mortgages for the current mortgage rates

$-8,000

/ Month
25 Years fixed, 20% down payment, % interest
$
$
$
%
$
%

Nearby Homes