About 590 Norman Street
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.
Features of 590 Norman Street
| MLS® # | X13726524 |
|---|---|
| Price | $939,000 |
| Bathrooms | 6.00 |
| Type | Commercial |
| Sub-Type | Investment |
| Status | Active |
Community Information
| Address | 590 Norman Street |
|---|---|
| Area | Greater Sudbury |
| Subdivision | Sudbury |
| City | Greater Sudbury |
| Province | ON |
| Postal Code | P3E 4C6 |
Amenities
| Parking Spaces | 5 |
|---|---|
| Garages | Outside/Surface |
| Is Waterfront | No |
Interior
| Heating | Baseboard |
|---|---|
| Cooling | No |
| Fireplace | No |
Listing Details
| Office | HOMELIFE LANDMARK REALTY INC. |
|---|