740 Charlotte Street, Greater Sudbury, ON
Property Highlights
Welcome to this remarkable 2-Storey duplex located in the coveted neighborhood of Sudbury. Expertly crafted featuring premium aluminum siding and brick construction, this residence presents an exceptional opportunity offered at $469,800 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.
- 6 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 40 x 120 ft lot
- Features a apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Separate Heating Controls, Sewage Pump
- Efficient forced air heating via gas
Description
Income Property Opportunity - Legal Duplex with 7% Cap Rate. Discover this well-maintained legal duplex offering exceptional investment. Apt 1(back) is complete with 3 BR's, Eat in kitchen, 4 pc bath, lg LR, bsmt with it's own laundry. Apt 2 is equally inviting with it's own laundry hook ups, large eat in kitchen, large living room and 3 bedrooms. Desirable neighbourhood. Sudbury enjoys a robust rental market.The multi family property is vacant. Apt 1 was rented for $1850, Apt 2 was rented for $1850. Fully detached garage and lots of parking for both units.Enjoy the flexibility to live in one side while renting the other, or lease both units to maximize returns. With a 7% cap rate, this property is a smart addition to any portfolio. Additional highlights include:. 7% Cap rate.Paved driveway with ample parking.3 Hydro Meters, one for each apt and one for owner (outside garage/outside lights)Forested backyard providing privacy and natural views.Strong rental demand in the area.Whether you're a first-time investor or looking to expand your portfolio, this duplex offers stable income and long-term value.
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Features
Property Features
Interior Features
Separate Heating Controls, Sewage Pump
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Smoke Detector, Carbon Monoxide Detectors
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 740 Charlotte Street, Greater Sudbury, ON P3E 4C3
Based on 0 recent similar sales in the pocket.
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 $469,800 in Greater Sudbury, the legal minimum down payment is $23,490 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 $5,871 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 $5,871.
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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.