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Investment signal

$649,000

339 QUEEN STREET

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Beds

Baths

Sqft

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Year

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Type

Multi-family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Sudbury Remote Area. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Excellent Investment Opportunity in a High-Demand Rental Area.Turn-key 4-plex offering strong, stable income with four self-contained units, each featuring private entrances and separately metered hydro. Each unit has its own laundary. The building consists of:One 3-bedroom main floor unit (newly renovated) - currently vacant, previously rented for $2,400/month. Includes basement access offering ample storage space.Two 2-bedroom units - currently rented at $1,050/month and $827.35/month.One 1-bedroom unit - currently rented at $1,280/month.With a 20% down payment, this property generates positive cash flow and offers significant upside potential through future rent optimization.Well-maintained and located in a high-demand rental area with consistent tenant demand and low vacancy rates, this is an ideal opportunity for investors seeking a clean, reliable, income-producing multi-residential asset. (id:65958)

Subtype: Multi-family
Structure: Fourplex
Lot dimensions: 40 x 115 FT
Bedrooms: 8 above grade
Parking: 4 total
Stories: 2
On market: Feb 26, 2026
Status changed: Apr 24, 2026
Annual tax: $5,278 (2025)
Photos: 26
MLS#: X12823652
Area: SUDBURY_REMOTE_AREA

Features and systems

Parking

No Garage

Basement

UnfinishedN/A

Appliances

WasherRefrigeratorStoveDryer

Heating

Radiant heatNot knownNatural gas

Cooling

Window air conditioner

Exterior

Vinyl siding

Foundation

Poured Concrete

Negative cash flow ~$684/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.33%

Cap rate

3.60%

GRM

16.4

Break-even rent

$4,020

Financing

Down payment$129,800

Loan amount$519,200

Mortgage$2,631/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$297

Insurance$80

Maintenance$541

CapEx reserve$270

Vacancy loss$165

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $2,631/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.