46 Neelon Avenue Sudbury, Ontario P3B 3K1
$350,000
INVESTMENT OPPORTUNITY IN MINNOW LAKE! Solid brick duplex with a third unit, ideally situated on a quiet dead-end street. The property currently generates approximately $34,305 in gross annual rental income, with all three units tenanted and rents inclusive of utilities. Unit 1 is a 1-bedroom renting for $1,400/month, Unit 2 is a 2-bedroom renting for $793.78/month, and Unit 3 is a 2-bedroom renting for $665.05/month. Taxes are $4,940. With rents well below current market levels, this property offers excellent long-term upside for the right investor. Shingles have been updated. Some work and updating will be required. Older forced air gas furnace. Water heater is owned. Estate sale and being sold “as is”. Buyer to assume all existing tenants. A great opportunity to acquire a solid brick income property in a desirable Minnow Lake location and build value over time. (id:49269)
Property Details
| MLS® Number | 2130304 |
| Property Type | Multi-family |
| Amenities Near By | Playground, Public Transit, Schools, Shopping |
| Equipment Type | None |
| Rental Equipment Type | None |
Building
| Basement Type | None |
| Exterior Finish | Brick |
| Flooring Type | Laminate, Vinyl |
| Heating Type | Forced Air |
| Roof Material | Asphalt Shingle |
| Roof Style | Unknown |
| Size Interior | 2,000 - 2,500 Sqft |
| Utility Water | Municipal Water |
Parking
| Attached Garage |
Land
| Acreage | No |
| Land Amenities | Playground, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Frontage | 90 Ft |
| Size Total Text | 4,051 - 7,250 Sqft |
| Zoning Description | R1-5 |
https://www.realtor.ca/real-estate/30263928/46-neelon-avenue-sudbury
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September 11 2026 11:38:06
Sudbury Real Estate Board
John E. Smith Realty Sudbury Limited, Brokerage