590 Norman Street
Greater Sudbury, ON
- 6 bath
- 3,150 sqft
- Investment
- 18 days on market
Exceptional turnkey investment opportunity in Sudbury's established West End! This well-maintained 6-unit multi-residential building (5 x 1-Bedroom units + 1 x Bachelor suite) delivers strong, proven cash flow and outstanding income stability. Financial & Investment Highlights: Strong In-Place Cash Flow: Generates over $87,000+ in annual gross revenue with attractive net operating yields. Property & Mechanical Features: Reliable Heating: Electric baseboard heaters and efficient gas-fired boiler with radiant water heating. Electrical: 200Amp main service with individual sub-panels. Extra Revenue: On-site coin-operated laundry facility in the common basement area. Prime Lot & Amenities: 40' x 125' lot backing directly onto tranquil parkland. Features ample on-site surface parking and individual tenant storage sheds. Prime Location: High-demand rental market with low vacancy rates, close to transit, shopping, schools, and downtown. Ideal addition to any portfolio. Full rent roll and financial package available upon receipt of a signed Confidentiality Agreement. Heating System Note: 5 units are currently heated by independent electric baseboard heaters; 1 bachelor suite is heated via gas boiler / water radiators.
Listing Details
- Taxes (2026)
- $5,741
- Listed
- August 31, 2026
Price History
Property
- Age
- 51-99
- Lot Size
- 40 x 125 Feet
Parking
- Garage
- Outside/Surface
Utilities
- Water
- Water System
- Sewer
- Sanitary+Storm
Location & Legal
- Cross Street
- Norman & Mcleod St
- Zoning
- R2-2, Low Density Residential Two
- Parcel Number
- 735861163
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - 6 To 12 Units
Included
- Inclusions
- All existing appliances including six fridges, six stoves, fixed kitchen exhaust fans, one coin-operated washer and one dryer, hot water tank & boiler system, three sheds in backyard
- Exclusions
- Tenant's personal belongings and chattels
- Rental Items
- None
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
Commercial in Greater Sudbury · last 12 months
- Median sold price
- $660,802
- Homes sold
- 64
- Median days on market
- 24
- Sale-to-list price
- 97.8%
Based on 64 recorded sales of commercial properties in Greater Sudbury over the last 12 months.
Listed by
HOMELIFE LANDMARK REALTY INC.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 3,150 sq ft
- Price per sq ft
- $298.10
- Annual property tax
- $5,741
- Tax per sq ft
- $1.82
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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