29 Laren Street
Greater Sudbury, ON
- 43 bed
- 18 bath
- approx. 5000 + sqft
- Multiplex
- 163 days on market
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 owner-occupier 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.
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Listing Details
- Taxes (2025)
- $29,722
- Listed
- April 3, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Construction
- Brick, Vinyl Siding
- Roof
- Shingles
- Foundation
- Block
- Interior
- Storage Area Lockers
- Lot Size
- 46.41 x 130.64 Feet
Parking
- Garage
- Attached
- Covered Spaces
- 1
- Total Parking
- 20
Utilities
- Sewer
- Sewer
- Heat Source
- Electric
Location & Legal
- Cross Street
- HWY 17 & Bank St
- Zoning
- R1-5, R3.D37.5
- Possession
- Immediate
- Occupancy
- Tenant
Included
- Inclusions
- Coin operated washer and dryer. 18 Stoves and 18 Refrigerator
- Exclusions
- Tenant belongings.
Schools
Elementary
- École élémentaire Notre-Dame-de-la-Merci5 km
French Catholic · CSDC du Nouvel-Ontario · 125 students
Grade 3 reading: 29% met the provincial standard
- St Paul the Apostle Catholic School5 km
Catholic · Sudbury CDSB · 215 students
Grade 3 reading: 56% met the provincial standard · Grade 6 math: 24% 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
Residential Freehold in Greater Sudbury · last 12 months
- Median sold price
- $660,101
- Homes sold
- 67
- Median days on market
- 22
- Sale-to-list price
- 98.3%
Based on 67 recorded sales of residential freehold properties in Greater Sudbury over the last 12 months.
Listed by
EXP COMMERCIAL BROKERAGE
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Location
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Mortgage Calculator
$599,980
Estimated Monthly Payment
$14,738
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
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Mortgage: $14,738/mo (20% down, 5.5%)
Taxes: $2,477/mo · Insurance: $750/mo
Estimates only. Consult a financial advisor.
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