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460 Myles Street, Sudbury, Ontario, P3B 2J5

MLS® # 2119359
Investment For Sale In Sudbury, Ontario
$199,900
460 Myles Street, Sudbury, ON - Outdoor With Exterior
460 Myles Street, Sudbury, ON - Outdoor With Exterior
460 Myles Street, Sudbury, ON  - Outdoor With Exterior
460 Myles Street, Sudbury, ON  - Outdoor With Exterior
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460 Myles Street, Sudbury, Ontario, P3B 2J5
$199,900

Property Information:

Welcome to 460 Myles, an incredible investment opportunity featuring three spacious 1-bedroom units and a 9.5% cap rate. Each unit offers comfortable living spaces with the potential for updates and improvements, making it ideal for investors or those looking to generate rental income. This property has tons of potential for forced value appreciation with the right vision. Whether you choose to update the units for higher rental yields or keep them as-is for steady income, this triplex is an excellent addition to your portfolio. With each unit offering a one-bedroom layout, there is great appeal for singles, couples, or retirees looking for a cozy home in a quiet neighbourhood. Plus, with limited multi-unit properties in the area, there's always strong rental demand. (id:27)

Building Features:

  • Style: Multiplex
  • Basement Type: Full
  • Roof Material: Asphalt shingle
  • Roof Style: Unknown
  • Heating Type: Other

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Access Type: Year-round access
  • Storage Type: Storage Shed
  • Zoning: R2-3
  • Sewer: Municipal sewage system
  • Parking Type: Shared

Courtesy of: EXP REALTY, BROKERAGE

REALTOR.ca  

Location of 460 Myles Street, Sudbury, Ontario, P3B 2J5

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

43/100

Moderate

ClimateCheck®

Current data

This property, 460 Myles Street , experiences 7 hot days per year at around 29.8 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 33.1 degrees Celsius.

Projected Avg. Temperature

Past
29.8℃
2050
33.1℃

# 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

58/100

Moderate

ClimateCheck®

Current data

This property, 460 Myles Street , experiences 11 significant 2-day storms per year, with about 294.5mm 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 373.1mm of precipitation per year.

Precipitation Per Storm

Past
294.5mm
2050
373.1mm

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 460 Myles Street, Sudbury, Ontario, P3B 2J5

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$89,226.23

Average Number of Children

1.62

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

25.58 %

High school certificate or equivalent

29.4 %

Apprenticeship trade certificate/diploma

5.15 %

College/non-university certificate

23.89 %

University certificate (below bachelor)

0.64 %

University Degree

15.33 %

Commuter

Travel To Work

By Car

67.24 %

By Public Transit

23.11 %

By Walking

2.28 %

By Bicycle

0.15 %

By Other Methods

7.22 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

56.65 %

Houses

43.35 %

Own Vs. Rent