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3443-3447 Errington Avenue, Greater Sudbury, Ontario, P0M 1L0

MLS® # 2120462
Investment For Sale In Greater Sudbury, Ontario
$1,635,000
3443-3447 Errington Avenue, Greater Sudbury, ON - Outdoor With Exterior
3443-3447 Errington Avenue, Greater Sudbury, ON  - Outdoor With Exterior
3443-3447 Errington Avenue, Greater Sudbury, ON  - Outdoor With Exterior
3443-3447 Errington Avenue, Greater Sudbury, ON  - Indoor Photo Showing Other Room
3443-3447 Errington Avenue, Greater Sudbury, ON  - Indoor Photo Showing Other Room
3443-3447 Errington Avenue, Greater Sudbury, ON - Indoor Photo Showing Bathroom
3443-3447 Errington Avenue, Greater Sudbury, Ontario, P0M 1L0
$1,635,000

Property Information:

***SELLER WILL ASSIST WITH VENDOR FINANCING*** CAPITALIZATION RATE 8.5% - 16 UNITS - UNIQUE INVESTMENT OPPORTUNITY - 2 PURPOSE BUILT 8 UNIT BUILDINGS - PRESENT AND FUTURE POSSIBILITIES 3443 Errington Ave - the Seller has by design left 7 units VACANT to allow a future Investor the opportunity to select Tenants and immediately achieve market rent to maximize the Net Operating Income . 3447 Errington Ave - the Seller has by design left 2 units VACANT. The opportunity as Tenants turnover to achieve market rent provides an Investor a tremendous upside to increase the Net Operating Income going forward. Located in the quiet community of Chelmsford in the City of Greater Sudbury. Grocery Store, Bank, Laundromat. Fitness Center and Restaurants all within walking distance. There is also ample parking for Tenants and Guests. Don't miss this chance to add significant value to your portfolio! (id:27)

Building Features:

  • Style: Multiplex
  • Basement Type: Remodeled Basement
  • Exterior Finish: Brick
  • Flooring Type: Laminate, Vinyl
  • Foundation Type: Block
  • Roof Material: Asphalt shingle
  • Roof Style: Unknown
  • Heating Type: Baseboard heaters

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Access Type: Year-round access
  • Amenities Nearby: Golf Course, Public Transit, Schools, Shopping
  • Zoning: C2
  • Sewer: Municipal sewage system

Courtesy of: REALTY EXECUTIVES OF SUDBURY LTD, BROKERAGE

REALTOR.ca  

Location of 3443-3447 Errington Avenue, Greater Sudbury, Ontario, P0M 1L0

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

30 hot days expected in 2050

Projected Precipitation Risk: Moderate

14 storms expected in 2050

Projected Heat Risk: Moderate

30 hot days expected in 2050

42/100

Moderate

ClimateCheck®

Current data

This property, 3443-3447 Errington Avenue , experiences 7 hot days per year at around 29.9 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 30 hot days at 33.2 degrees Celsius.

Projected Avg. Temperature

Past
29.9℃
2050
33.2℃

# Hot Days Per Year

Past
7
2050
30

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate

14 storms expected in 2050

57/100

Moderate

ClimateCheck®

Current data

This property, 3443-3447 Errington Avenue , experiences 11 significant 2-day storms per year, with about 293.3mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 367.4mm of precipitation per year.

Precipitation Per Storm

Past
293.3mm
2050
367.4mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

Demographic Information of 3443-3447 Errington Avenue, Greater Sudbury, Ontario, P0M 1L0

Life Stage

Families with Tweens

Employment Type

Mixed

Average Household Income

$121,141.58

Average Number of Children

1.63

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

20.13 %

High school certificate or equivalent

31.84 %

Apprenticeship trade certificate/diploma

13.37 %

College/non-university certificate

26.53 %

University certificate (below bachelor)

0.99 %

University Degree

7.14 %

Commuter

Travel To Work

By Car

93.43 %

By Public Transit

0.13 %

By Walking

0.71 %

By Bicycle

0.0 %

By Other Methods

5.73 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

21.16 %

Houses

78.84 %

Own Vs. Rent