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X8141740
$2,700,000

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Price: $2,700,000

Status: For Sale 

MLS®#: X8141740

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$2,700,000
  • Tax: $30,576.99/Annual (2023)
  • City:Sudbury Remote Area
  • Type:Commercial
  • Style:Investment
  • Size: 4,984 Sq Ft
  • Basement:Y
  • Age:51-99 Years Old

Features:

  • HeatingWater Radiators
  • Sewer/Water SystemsStorm, Municipal

Listing Contracted With: RE/MAX WEST REALTY INC.

Description

Welcome to 44 Frood Road, Super Rare, Turn Key 18-Plex Multi-Family Apartment Building Located In The Heart Of Downtown Sudbury. 18 Units Total Consisting Of 1 X Studio, 11 X 1 Bedroom, 6 X 2 Bedroom Units And Coin Laundry. Separate Hydro Meters. Over $1M Spent In Extensive Renovations Throughout Including New Boiler (2022) And New Roof,(2021) With 15 Year Warranty. Assumable $1.5M CMHC at 2.86%, 10 Year Term. 30 Year Amortization.

Highlights

Potential For Upside On Market Rents, Billboard Roof Signage, Potential For Additional Storeys For Increased Density Through Additional Floors, Potential Upside For Increased Rent, Potential For A Redevelopment Site With Increased Density.

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’

Paula Stamp

Sales Representative

RE/MAX West Realty Inc., Brokerage
Paula Stamp

Paula Stamp

Sales Representative

RE/MAX West Realty Inc., Brokerage

1678 Bloor St. W., Toronto, ON, M6P 1A9

paula@stampitsold.com

(416) 564-2417

(416) 769-1616
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