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X7371750
$6,200,000

124 Cedar St (Cedar St And Yonge St)

Price: $6,200,000

Status: For Sale 

MLS®#: X7371750

$6,200,000
  • Tax: $75,418.69/Annual (2023)
  • City:Sudbury Remote Area
  • Type:Commercial
  • Style:Investment
  • Size: 24,000 Sq Ft
  • Garage:Outside/Surface

Features:

  • HeatingBaseboard
  • Sewer/Water SystemsMunicipal

Listing Contracted With: RE/MAX REALTRON REALTY INC.

Description

Amazing Cap Rate 9.12% ! Mixed-Use Commercial And Luxury Residential Building In Downtown Sudbury, The Property Is Fully Leased And Contains 27,748 Square Feet Across Four Floor. Property Features Include 75 Feet Of Cedar Street Frontage, A Secure Entry Vestibule, A Mailbox Area, And A Building Stairwell And Elevator. Comprised Of All Aaa Tenants On The First And Second Floors, Occupying Businesses Include Legal And Accounting Firms, Youth Educators, And A Private High School. Ranging From Studios To One-Bedroom And Two-Bedroom Apartments, A Total Of 20 Brand-New Apartment Units Are Located On The Third And Fourth Floors. The Residential Units Have Been Recently Renovated With New Kitchens, Laminate And Tile Flooring, And Bathroom Fixtures. Situated Beside A Cibc Bank Branch, Experience A Prime Downtown Location Surrounded By Government Buildings, Hotels, Dining, And Entertainment Options. 124 Cedar Street Sits To The Right Of The Gova Transit Downtown Hub.


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Sam Thomas

Real Estate Broker

RE/MAX Realtron Realty Inc., Brokerage

Web4Realty

Real Estate Websites by Web4Realty

https://web4realty.com/