29 Laren Street, Wahnapitae, Ontario
$2,999,900
This is not your average income property. Set on a quiet dead-end street in a serene, residential pocket just 10-15min from New Sudbury. This rare and versatile investment sits on 1.2 acres and offers 18 total units, made up of eight two-storey townhomes & a 9-unit apartment building with a large five-bedroom, two-storey home attached. Each of the eight townhomes features three bedrooms, one-and-a-half bathrooms, a full basement, and a private backyard. With no shared common areas and separate entrances, they feel just like single-family homes. Even better, all townhomes are separately metered, and tenants pay their own heat, hydro, and water—keeping your operating expenses low and predictable. Each unit is heated by its own forced-air natural gas furnace and has its own water heater. The nine-unit apartment building offers a solid, stable tenant mix and includes access to coin-operated laundry, secure storage lockers, and is heated by newer, high-efficiency Viessmann gas boilers. Attached to the apartment block is a spacious 5-bedroom home perfect for an owner-occupier or as a premium rental. It features its own laundry room, vaulted ceilings, a den, a four-piece and a two-piece bathroom, an attached garage, and a massive detached 24’ x 50’ triple-car garage. This is a truly unique opportunity to own a turn-key income-generating property with tremendous value. Don’t miss your chance to invest in something special with exceptional unmatched long term upside and retention. Current rents leave remarkable potential for future growth. (id:56241)
- Listing ID: 2121477
- Property Type: Multi-family
Schedule a Tour
Schedule Private Tour
Are you looking for a private viewing? Schedule a tour with one of our Ontario real estate agents.
Match your Lifestyle with your Home
Let us put you in touch with a REALTOR® who specializes in the Ontario market to match your lifestyle with your ideal home.
Get Started Now
Lifestyle Matchmaker
Let one of our Ontario real estate agents help you find a property to match your lifestyle.
Listing provided by REAL BROKER ONTARIO LTD, BROKERAGE
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.
This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 29 Laren Street in Wahnapitae Ontario. It was last modified on April 4th, 2025. Contact us to schedule a viewing or to discover other Wahnapitae real estate for sale.