1590 Kelly Lake Road
Sudbury, Ontario
Multi-family
Great investment property in Sudbury’s South End location. This building has been meticulously maintained by the owners for over 39 years! There are ten 2-bedroom units and one 1-bedroom unit. All 2-bedroom units feature a walk-in-closet, pantry, and a spacious living and dining room. The 8 units on the second and third floors have a balcony, some overlooking Robinson Lake. All tenants pay their own heat and hydro, have access to a storage locker and a parking spot. The building has been extremely cared for over the years. Upgrades include but not limited to the 40-year shingles (2014), energy efficient doors (2008) and windows (2005), paved driveway and parking lot, fire suppression system (2012). The building has an improved cap rate of 6.29% and gross income over $178K! The current owners have treated the current tenants like family for all these years. This building is more than just numbers, it is an all brick and concrete building that will bring pride of ownership to the new investors for years to come. You Tube Video: https://www.youtube.com/watch?v=2RmRj8ypMPE
Price History
Schools
Elementary
- École publique Hélène-Gravel0.1 km
French public · CS public du Grand Nord de l'Ontario · 290 students
Grade 3 reading: 74% met the provincial standard · Grade 6 math: 72% met the provincial standard
- Jean Hanson Public School1.6 km
Public · Rainbow DSB · 70 students
- Alternative Program Elementary School1.6 km
Public · Rainbow DSB
Secondary
- Lockerby Composite School1.8 km
Public · Rainbow DSB · 535 students
Grade 10 literacy: 97% met the provincial standard
- Lo-Ellen Park Secondary School3.3 km
Public · Rainbow DSB · 885 students
Grade 10 literacy: 96% met the provincial standard
- St Benedict Catholic Secondary School4.3 km
Catholic · Sudbury CDSB · 645 students
Grade 10 literacy: 88% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area P3E
- Population
- 29,132
- Private dwellings
- 14,139
- Median age
- 46
- Average household size
- 2.1
- Median household income
- $85,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Multi-family in Sudbury · last 12 months
- Median sold price
- $0
- Homes sold
- 0
- Median days on market
- 0
- Sale-to-list price
- 0.0%
Based on 0 recorded sales of multi-family properties in Sudbury over the last 12 months.
Location
Street View
Mortgage Calculator
$379,980
Estimated Monthly Payment
$9,334
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $9,334/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $475/mo
Estimates only. Consult a financial advisor.
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