257 Oak Street, Greater Sudbury, ON
Property Highlights
Welcome to this remarkable 2-Storey fourplex located in the coveted neighborhood of Sudbury. Expertly crafted featuring premium aluminum siding and brick construction, this residence presents an exceptional opportunity offered at $775,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 8 Bedrooms and 4 Bathrooms with 4 functional kitchens
- Generous living space spanning 3000-3500 sqft on a premium 50 x 116 ft lot
- Features a separate entrance, full basement, adding superb versatility for recreation, a home gym, or extra storage
- 8.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Carpet Free, Storage Area Lockers, Separate Hydro Meter
- Efficient water heating via gas
Description
This solid 4-plex located at 257 Oak Street features four spacious 2-bedroom units, all currently tenanted on plus-hydro leases with reliable tenants in place. The property includes an attached rear-access garage already generatingstorage income, along with three brand new basement storage units ready to rent as additional revenue streams.The roof was fully replaced in 2022, and the building runs on a gas boiler with a full-height walk-out basement. Withall appliances included, the property is turn-key for the next owner. Located in a downtown-adjacent pocket ofSudbury, walking distance to the core and transit at the door, tenant demand on this street has remainedconsistently strong. Generating almost $90,000 in annu**INTERBOARD LISTING: SUDBURY REAL ESTATE BOARD**al gross revenue with an NOI of nearly $70,000 and a caprate over 8.5%, this is a strong-performing investment opportunity with built-in upside.
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Carpet Free, Storage Area Lockers, Separate Hydro Meter
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 257 Oak Street, Greater Sudbury, ON P3C 1N1
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Greater Sudbury, ON
For a property listed at $775,000 in Greater Sudbury, the legal minimum down payment is $52,500 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $11,975 for this transaction. As this listing is in Greater Sudbury (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $11,975.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.