Prime Investment Opportunity: The Anna 6-Plex in Sudbury
$950,000
$1,235
📍 90 RIVERSIDE DRIVE, Greater Sudbury (Sudbury), Ontario P3E1G8 — A turnkey 6-plex featuring six spacious 2-bedroom units with reliable cash flow and modern upgrades. This well-maintained property is strategically located in the heart of Sudbury.
The Anna 6-Plex at 90 Riverside Drive represents a rare, turnkey multi-family investment in the Sudbury market. The property consists of six spacious 2-bedroom units, all currently occupied, providing immediate and stable rental income for an investor. The building has benefited from modern upgrades, including updated kitchens, which helps minimize immediate capital expenditure requirements for a new owner. With an annual rental income of $102,640, this property offers a strong foundation for a cash-flowing portfolio. Based on a 20% down payment of $190,000 at a 5.5% interest rate over a 25-year amortization, the monthly mortgage payment is approximately $4,645. After accounting for the $8,974 in annual property taxes, the property demonstrates solid operational potential. Investors should note that the rental income is based on current rents of $8,553/mo as stated in the listing. Sudbury has seen significant growth, with a 63% appreciation over the last five years and a 7% increase in the last year, suggesting a robust market environment. The investment thesis here is centered on the stability of a multi-unit asset in a supply-constrained market. Risks include potential interest rate volatility and the ongoing maintenance requirements typical of a 6-unit residential building. Suite and zoning status should be independently verified with the municipality to ensure full compliance with current local regulations.
Our Take: Strong Deal But Caution Needed on Zoning Status
This property generates $1,235/month in positive cash flow after all estimated expenses. That's a meaningful return on your down payment. Caution needed to investigate zoning and true rental income.
Run Your Own Numbers
These figures use standard assumptions. Your actual results depend on your financing, local rates, and management costs. Use our free calculator to model this exact deal with your own inputs.
Calculation Assumptions
- • Monthly rent: $8,553/mo (from listing)
- • Down payment: 20% of purchase price
- • Mortgage rate: 5.5% annually, 25-year amortization
- • Property tax: $8,974/year (from listing)
- • Property management: 8% of monthly rent
- • Maintenance: 2.5% of monthly rent
- • Insurance: 5% of annual rent
- • Repairs: $150/month
- • Vacancy: 5% of monthly rent
- • Closing costs: ~3% of purchase price (not included in cash flow)
🤖 AI-Generated Content: This market spotlight was researched and written by an AI using live web data. Property details, rental figures, and financial calculations may not be exact and could contain errors or inaccuracies.
⚠️ All listing details, rental estimates, suite/zoning status, and financial calculations must be independently verified before making any investment decision. This content is for educational purposes only and does not constitute investment advice. Always consult a qualified real estate professional, mortgage broker, and financial advisor.
