2005 RICHARD STREET

Sudbury, , P3B1Y1, Canada

$1,049,900

Exceptional investment opportunity in the highly desirable Minnow Lake neighbourhood! This well-maintained fourplex with an additional one-bedroom in-law suite offers investors a rare combination of strong income potential, extensive capital improvements, and long-term value. Ideally situated close to shopping, public transit, schools, restaurants, and other everyday amenities, this property continues to attract quality tenants in a high-demand rental market. Pride of ownership is evident throughout, with numerous recent updates that minimize future maintenance and enhance tenant appeal. Over the past several years, multiple units have been renovated, including modern kitchen upgrades, new waterproof luxury vinyl plank flooring, refreshed bathrooms, updated Slant/Fin radiator heating, fresh paint, and numerous interior improvements. The building has also benefited from significant mechanical upgrades, including improvements to the boiler heating system, updated electrical panels with separate hydro meters for each unit, newer windows, and a recently updated coin-operated laundry facility. Ample on-site parking adds further convenience for tenants, while the property's R1-5 LNC (Legal Non-Conforming) zoning provides a proven, established multi-family investment. Whether you're looking to expand an existing portfolio or acquire a turnkey income property with documented improvements and excellent rental appeal, this is an outstanding opportunity to own a quality asset in one of Greater Sudbury's most sought-after neighbourhoods.

Last updated on : Sunday 18th of October 2026 12:25:17 PM

ADDRESS

Street : 2005 RICHARD STREET

City : Sudbury

Country : Canada

Postal Code : P3B1Y1

Open in Google Map

PROPERTY SUMMARY

Property ID : 2130990

Building Type : Other

Property Type : Other

Parking Type: Gravel

Similar Properties

Other

E - 18 CAMPBELL ST

Little Current, Ontario, P0P1K0

$79,000

property Type: Other

type: Sale

BARRY BARNES
2 months ago

DETAILS

Other

935 CAMBRIAN HEIGHTS

Sudbury, Ontario, P3C5C3

$24

property Type: Multi-Tenant Industrial

type: Sale

RIK CORMIER
2 months ago

DETAILS

Other

396-400 MELVIN AVENUE

Sudbury, Ontario, P3C4X3

$799,999

property Type: Residential Commercial Mix

type: Sale

CASSANDRA BEACH
3 days ago

DETAILS

Other

16 JESSIE

Lively, Ontario, P3Y1A2

$849,900

property Type: Other

type: Sale

JUSTIN COUSINEAU
5 months ago

DETAILS

Other

1203 MAIN

Whitefish Falls, Ontario, P5E0A6

$480,000

property Type: Other

type: Sale

JAMES FERGUSON
1 year ago

DETAILS

Inquire about this property