29 Laren St 18 Unit Apartment Building $2,999,900 CAD ($166,661 CAD/Unit) 6.45% Cap Rate Wahnapitae, ON P0M 3C0

18-Unit Multi-Residential Investment - Greater Sudbury, ONThis is not your average income property.Located on a quiet dead-end street just
10-15 minutes from New Sudbury, this fully tenanted 1.2-acre property offers 18 rental units across three property types on one title - eight
townhomes, a nine-unit apartment building, and a large five-bedroom home.The eight townhomes are the standout cash flow asset. Each has
three bedrooms, 1.5 bathrooms, a full basement, and a private backyard. Tenants pay all their own utilities - heat, hydro, and water - separately
metered with individual gas furnaces and water heaters. In Northern Ontario's climate, this significantly reduces your operating costs and
protects margins year-round.The nine-unit apartment building offers a stable tenant base with coin-operated laundry, secure storage lockers, and
newer high-efficiency Viessmann boilers - meaning low heating costs and no major mechanical expenses on the horizon.Attached to the
apartment building is a spacious five-bedroom home with vaulted ceilings, in-suite laundry, a den, and an attached garage - ideal for an owneroccupier
or premium rental. A massive 24' x 50' detached triple-car garage adds further utility and income potential.Current rents are below
market, giving the next owner a clear and built-in path to grow income over time without additional capital investment. Eighteen units on one
property also means one insurer, one maintenance contact, and one property manager - straightforward and efficient to operate.Greater
Sudbury's rental market is backed by mining, healthcare, government, and two post-secondary institutions - keeping vacancy rates low and
demand steady. For investors priced out of Southern Ontario, this market still delivers returns that make financial sense.Fully tenanted. Turn-key.
Priced for a quick sale.