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Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 2123127
Property Sub-Type Freehold
Source Sudbury Real Estate Board
Property Description
Welcome to 618 Lilac Street, a fully leased and income producing multi-residential property. This well-maintained triplex with an additional 1-bedroom in-law suite presents an outstanding opportunity for investors seeking dependable, turnkey cash flow. The property features three spacious 2-bedroom units, abundant natural light, and strong tenant appeal. The self-contained in-law suite offers added flexibility for multi-generational occupancy or additional rental income. All tenants benefit from shared laundry facilities, while Units 1 and 2 are separately metered, and Units 3 and 4 share a dedicated 100-amp hydro panel providing simplified utility management and promoting tenant accountability. This fully tenanted asset generates over $63,000 in gross annual operating income, with a cap rate of 5.8%, making it a profitable and low-risk addition to any investment portfolio. Recent capital improvements include a high-efficiency furnace (2023), a modern basement unit renovation (2024), and a new exterior deck and stair system (2025) minimizing future capital expenditures. Additional highlights include ample on-site parking, professional property management, and a stable tenant base. Conveniently located near public transportation, major amenities, and a short drive to Laurentian University, this property attracts a broad spectrum of renters including students, families, and professionals. Whether you're a seasoned investor or expanding your portfolio, 618 Lilac Street offers immediate income, long-term upside, and peace of mind. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Flooring Laminate
Exterior
Parking Features No
View Y/N No
Roof Type Unknown
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by SUTTON-BENCHMARK REALTY INC., BROKERAGE
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
4145 North Service Rd Unit: Q 2nd Floor L7L 6A3, Burlington, ON, Canada