8 Copper Street Falconbridge, Ontario P0M 1S0

$679,900

Welcome to 8 Copper, a few minutes from town in quiet Falconbridge. With close proximity to the mines, the airport and minutes from New Sudbury, this massive duplex with future development potential is perfect for a buyer who wants to live in one unit and have the tenants pay a portion of the mortgage, or for the developer looking to add this completely renovated oversized duplex with zoning that allows for current development of up to 7 additional units (buyer to verify), or the addition of a commercial office space (C2 zoning). The current duplex features 2 massive units (will be vacant on closing) with market value of approximately 2500 per unit, low expenses with two gas meters, AC units, and furnace’s, and hydro meters. This property currently generates over a 7.5% cap rate. The double lot features tons of space for parking or future accessory building, with separate services at the lot line that will simplify a future development. The building has been fully renovated with permits that include electrical, blue skin, structural, windows and doors, plumbing, insulation...too many features to list, effectively making this feel like a new building! Upon driving up to the building, you’ll appreciate the massive lot with loads of parking, you’ll access the main floor unit through the private deck and covered back porch space. This porch also includes access to the lower level which can be used as storage, expanding the main unit or renovated into a third apartment. The main floor unit's brand new kitchen flows well into the large dining space and living room. Next up you’ll find the three large bedrooms, full bathroom and bonus second covered front porch that expands your living area or a space to enjoy your morning coffee. This place has to be seen to be truly appreciated. Book your showing today! (id:3334)

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https://www.realtor.ca/real-estate/26783090/8-copper-street-falconbridge