Multiplex Building in Sudbury! Assigned

  • $449,999

Multiplex Building in Sudbury!

BRRR or Fix and Flip Opportunity

$150K BELOW Market Value!

Regent Street

Regent Street, Sudbury, Ontario

Closing Date: September 7th, 2023
*Buyer to assume existing tenant*

** Realtors bring us a client and add your commission on top of the purchase price**

About the Property

Phenomenal opportunity to purchase a 5-unit multiplex where you can set your own market rent as there are currently 4 vacant units. This multiplex consists of five 1 bedroom units that are each approximately 700sqft. One unit is currently tenanted and they have verbally agreed to cash for keys for $4,000 but the buyer will need to discuss this with the tenant directly. This property is in need of a full cosmetic renovation but has a lot of upside potential! This property is perfect for an investor looking to add a multiplex to their portfolio or a fall fix and flip project.

About the Neighbourhood 

The subject property is situated in a desirable neighbourhood in Sudbury. The property is a 5 minute drive into the downtown core of Sudbury. Surrounded by countless amenities including multiple independent Grocery Stores, Shoppers Drug Mart, restaurants, businesses and local bars, this property is perfectly located. There are multiple GOVA transit (Sudbury transit system) bus stations located within walking distance of the property as well. There is also a VIA Rail Station approximately 5 minutes away from the property, connecting Sudbury to Toronto by train. Sudbury is also accessible from Highway 69, which extends south connecting to Highway 400, into southern Ontario.

Property Details

  • Multiplex
  • Five 1 bed 1 bath units
  • 2604 sqft above grade
  • 682 sqft below grade
  • Built in 1946
  • Appliances are NOT included
  • Separate hydro meters
  • No garage, 4 car parking lot
  • Breaker panel, copper wiring
  • Finished basement
  • No A/C
  • Radiator heating and boiler system, seller unsure of age
  • HWT was purchased in 2013
  • Roof age is unknown but may need to be redone soon
  • No laundry
  • Windows need to be replaced, as per seller, unsure of age
  • Property taxes are $4707
  • Lot size is 44ft x 49ft
  • Zoning is R2-3

Recommended Renovations

  • Full cosmetic renovation
  • Cash for keys for the existing tenant
  • Redo roof
  • Replace windows
  • The seller has the option to leave junk behind so we would recommend budgeting for junk removal
Pictures and More
The Numbers

We are selling our assignable purchase contract for this excellent FIX and FLIP opportunity.

  • Wholesale Price: $449,999
  • We believe that this property is worth $600,000 as-is on the MLS
  • We believe that after a full cosmetic renovation this property should be worth at least $737,168 on the MLS based on a CAP RATE analysis
  • Purchase today for $150K BELOW MARKET VALUE

Comparable Analysis

  • 516 Silverman Street sold for $749,000 in May 2023. This comparable also consists of 5 one bedroom units and is in need of a full renovation. The comparable is larger in size and sits on a larger lot size. Therefore, we believe after adjustments, the property would sell for at least $600,000 on the MLS.
  • 11 Eyre Street South sold for $680,000 in May 2023. This comparable is a 5plex multi unit that sold TENANTED. The comparable is situated 1 minute away from the subject property. The comparable has had some renovations done and is bigger in size than the subject property. The comparable sits on a smaller lot size. Therefore, we believe after adjustments, the property would sell for at least $600,000 on the MLS.
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Need Financing?
Looking for a construction cost estimate?

SLG Renovations will manage the construction of this project from start to finish. If you’re looking for an estimate please email
View our past projects here

If You’re Interested….

Email us at or call Jocelyn at 647-930-0291. Jocelyn can answer any questions you have and set up a time to view the property.


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