154-158 Durham Street Sudbury, Ontario P3E 3M7
$1,100,000
Excellent opportunity with excellent return. Multi level 22000 square foot building. Fully leased to multiple tenants with a cap rate of 8%. Many long term tenants that wish to renew and stay where they are. Downtown location has excellent traffic and a mixture of retail, personal services and office tenants. This property has been very well maintained. New roof, mechanicals in great shape with regular servicing. Minimal common area. Top level apartment boats 3 bedroom and carriage trade finishings. Currently rented on a month to month basis at great rent but would make a great Executive Short term rental. Current rents are at or below market. All leases and income/expenses statement available upon signing an NDA. All 9 office/retail/apartments are rented with staggered renewal dates. Please call listing Broker for more information (id:46568)
Business
| Business Type | Retail and Wholesale |
| Business Sub Type | General retail |
Property Details
| MLS® Number | 2113829 |
| Property Type | Retail |
| Equipment Type | None |
| Rental Equipment Type | None |
| Storage Type | Unknown |
Building
| Amenities | Air Conditioning, Separate Heating Controls, Separate Electricity Meters, Street Lighting |
| Exterior Finish | Concrete, Stucco |
| Fire Protection | Alarm System, Controlled Entry, Security, Smoke Detectors |
| Flooring Type | Concrete, Hardwood, Tile, Vinyl |
| Foundation Type | Concrete |
| Heating Type | Hot Water |
| Roof Material | Tar & Gravel |
| Roof Style | Unknown |
| Type | Apartment |
| Utility Water | Municipal Water |
Land
| Access Type | Year-round Access |
| Acreage | No |
| Fence Type | Not Fenced |
| Sewer | Municipal Sewage System |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | C6 |
https://www.realtor.ca/real-estate/26176221/154-158-durham-street-sudbury
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October 16 2023 02:11:44
Sudbury Real Estate Board
RE/MAX Crown Realty (1989) Inc., Brokerage (Sudbury)
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