Sudbury Investment Property Statistics 2017
Whether you are a first-time or experienced investor, real estate has opportunities for everyone to invest. Sudbury and the Greater Sudbury Area currently has 79 active investment listings that are 3 units or larger.
Statistics for 2017 show that 2,345 properties with 3 units or more have been listed since January 1, 2017. Of those 2,345 homes, 1,078 have been sold.
The total sale price of the 1,078 multi-family properties sold is $284,582,210.
The average sale price of multi-family properties in 2017 is $263,991.
According to our Investment Properties Information Sheet, the average CAP rate of multi-family properties currently listed is 8%.
Contact me at cassandrabeach@royallepage.ca to subscribe to our detailed Investment Property Information Sheet.
