Listed by Exp Commercial Brokerage.

29 Laren Street is a Multiplex, 2-Storey and is currently for Sale @ $2,999,900. Taxes in 2025 were $29,722.28.

More homes for sale under 3M in Greater Sudbury

18-Unit Multi-Residential Investment - Greater Sudbury, ONThis is not your average income property. The 2-Storey on 29 Laren Street has 43 bedrooms, 18 bathrooms, and is located on a 130.64 x 46.41 ft lot in the community of Sudbury .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.

Coin operated washer and dryer. 18 Stoves and 18 Refrigerator

The address 29 Laren Street was listed for sale (MLS# X12956936) on Friday, April 03, 2026.