3443-3447 Errington Avenue
Chelmsford, Ontario
Multi-family
***SELLER MAY ASSIST WITH 2nd MORTGAGE VENDOR FINANCING*** CAPITALIZATION RATE 9.01% - 16 UNITS - UNIQUE INVESTMENT OPPORTUNITY - 2 PURPOSE BUILT 8 UNIT BUILDINGS - PRESENT AND FUTURE POSSIBILITIES 3443 Errington Ave - the Seller has by design left 8 units VACANT to allow a future Investor the opportunity to select Tenants and immediately achieve market rent to maximize the Net Operating Income . 3447 Errington Ave - the Seller has by design left 2 units VACANT. The opportunity as Tenants turnover to achieve market rent provides an Investor a tremendous upside to increase the Net Operating Income going forward. Located in the quiet community of Chelmsford in the City of Greater Sudbury. Grocery Store, Bank, Laundromat. Fitness Center and Restaurants all within walking distance. There is also ample parking for Tenants and Guests. Don't miss this chance to add significant value to your portfolio!
Price History
Schools
Secondary
- Chelmsford Valley District Composite School1.7 km
Public · Rainbow DSB · 220 students
Grade 10 literacy: 61% met the provincial standard
- École secondaire catholique Champlain2 km
French Catholic · CSDC du Nouvel-Ontario · 230 students
Grade 10 literacy: 64% met the provincial standard
Elementary
- Chelmsford Valley District Elementary School1.7 km
Public · Rainbow DSB · 450 students
Grade 3 reading: 53% met the provincial standard · Grade 6 math: 27% met the provincial standard
- École publique Pavillon-de-l'Avenir1.8 km
French public · CS public du Grand Nord de l'Ontario · 125 students
Grade 3 reading: 20% met the provincial standard
- St Charles Catholic School3.1 km
Catholic · Sudbury CDSB · 370 students
Grade 3 reading: 55% met the provincial standard · Grade 6 math: 26% 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 P0M
- Population
- 49,727
- Private dwellings
- 24,862
- Median age
- 46.8
- Average household size
- 2.3
- Median household income
- $86,000
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 Chelmsford · 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 Chelmsford over the last 12 months.
Location
Mortgage Calculator
$318,000
Estimated Monthly Payment
$7,811
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $7,811/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $398/mo
Estimates only. Consult a financial advisor.
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