29 Laren Street, Greater Sudbury, ON P0M 3C0, Greater Sudbury, ON
Bed 43
Bath 18
18-Unit Multi-Residential Investment - Greater Sudbury, ONThis is not your average income property.Located on a quiet dead-end street just 10-15 minutes from New Sudbury, this fully tenanted 1.2-acre property offers 18 rental units across three property types on one title - eight townhomes, a nine-unit apartment building, and a large five-bedroom home.The eight townhomes are the standout cash flow asset. Each has three bedrooms, 1.5 bathrooms, a full basement, and a private backyard. Tenants pay all their own utilities - heat, hydro, and water - separately metered with individual gas furnaces and water heaters. In Northern Ontario's climate, this significantly reduces your operating costs and protects margins year-round.The nine-unit apartment building offers a stable tenant base with coin-operated laundry, secure storage lockers, and newer high-efficiency Viessmann boilers - meaning low heating costs and no major mechanical expenses on the horizon.Attached to the apartment building is a spacious five-bedroom home with vaulted ceilings, in-suite laundry, a den, and an attached garage - ideal for an owner-occupier or premium rental. A massive 24' x 50' detached triple-car garage adds further utility and income potential.Current rents are below market, giving the next owner a clear and built-in path to grow income over time without additional capital investment. Eighteen units on one property also means one insurer, one maintenance contact, and one property manager - straightforward and efficient to operate.Greater Sudbury's rental market is backed by mining, healthcare, government, and two post-secondary institutions - keeping vacancy rates low and demand steady. For investors priced out of Southern Ontario, this market still delivers returns that make financial sense.Fully tenanted. Turn-key. Priced for a quick sale.
Property Highlights
For Sale
MLS NO.
X12956936
Type
Residential Freehold
Sub Type
Multiplex
Bedrooms
43
Bathrooms
18
Parking
20.0
Garage
Yes
Complete Property Details
Property Type
Residential Freehold
Sub Type
Multiplex
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
X12956936
Living Area Range
5000 +
Total Bedrooms
43
Bedrooms Above Grade
43
Total Bathrooms
18
Total Kitchens
18
Kitchens Above Grade
18
Rooms Above Grade
61
Interior Features
Storage Area Lockers
Fireplace
No
Central Vacuum Yn
No
Construction
Brick, Vinyl Siding
Roof
Shingles
Lot Width
46.41
Parking Total
20.0
Covered Spaces
1.0
Garage Type
Attached
Garage
Yes
Pool
None
Direction Facing
North
Cooling
Other
Heat Source
Electric
Heat Type
Baseboard
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
29 Laren Street, Greater Sudbury, ON P0M 3C0
City
Greater Sudbury
Neighbourhood
Sudbury
County / Region
Greater Sudbury
Province / State
ON
Postal Code
P0M 3C0
Cross Street
HWY 17 & Bank St
Directions
Take HWY 17 E from Sudbury, Take HWY 17 W from North Bay
List Price
$2,999,900
Annual Taxes
$29,722
Tax Year
2025
Legal Description
PINs: 73481-0008 (LT), 73481-0006 (LT), 73481-0001 (LT), 73481-0493 (LT), 73481-0446 (LT), 73481-0512 (LT); multiple parcels incl. LT 29-33, 1-6 BLK B PL M9 Dryden, PT Pine St, PT Lane (now closed), subject to LT567345 & LT67718; Greater Sudbury
Possession Type
Immediate
Possession Details
Upon Closing
Listing Office
EXP COMMERCIAL BROKERAGE
Board
Toronto Regional Real Estate Board
Original Entry
2026-04-04T14:16:27Z
Media Updated
2026-04-04T14:16:28Z
Photos Updated
2026-04-04T14:16:28Z
Last Modified
2026-04-04T15:31:41Z
System Modified
2026-04-04T15:31:42.416423Z
MLS Status
New
Architectural Style
2-Storey
Basement
Unfinished
Ddfyn
Yes
Expiration Date
2026-10-25
Foundation Details
Block
Heat Source Multi
Electric, Gas
Heat Type Multi
Baseboard, Forced Air, Radiant
Hstapplication
Included In
Occupant Type
Tenant
Originating System Id
A00001796
Parking Spaces
20
Public Remarks
18-Unit Multi-Residential Investment - Greater Sudbury, ONThis is not your average income property.Located on a quiet dead-end street just 10-15 minutes from New Sudbury, this fully tenanted 1.2-acre property offers 18 rental units across three property types on one title - eight townhomes, a nine-unit apartment building, and a large five-bedroom home.The eight townhomes are the standout cash flow asset. Each has three bedrooms, 1.5 bathrooms, a full basement, and a private backyard. Tenants pay all their own utilities - heat, hydro, and water - separately metered with individual gas furnaces and water heaters. In Northern Ontario's climate, this significantly reduces your operating costs and protects margins year-round.The nine-unit apartment building offers a stable tenant base with coin-operated laundry, secure storage lockers, and newer high-efficiency Viessmann boilers - meaning low heating costs and no major mechanical expenses on the horizon.Attached to the apartment building is a spacious five-bedroom home with vaulted ceilings, in-suite laundry, a den, and an attached garage - ideal for an owner-occupier or premium rental. A massive 24' x 50' detached triple-car garage adds further utility and income potential.Current rents are below market, giving the next owner a clear and built-in path to grow income over time without additional capital investment. Eighteen units on one property also means one insurer, one maintenance contact, and one property manager - straightforward and efficient to operate.Greater Sudbury's rental market is backed by mining, healthcare, government, and two post-secondary institutions - keeping vacancy rates low and demand steady. For investors priced out of Southern Ontario, this market still delivers returns that make financial sense.Fully tenanted. Turn-key. Priced for a quick sale.
