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124 CEDAR STREET, Greater Sudbury, Ontario, P3E 1B4

MLS® # X11881202
House For Sale In Greater Sudbury, Ontario
$5,388,888 QuickQuoteTM: Not Available
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
124 Cedar Street, Greater Sudbury, ON
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Home Insurance - TD Insurance
Get a home insurance quote online for this $5,388,888 property in Greater Sudbury
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Home Insurance - TD Insurance

Get a home insurance quote online for this $5,388,888 property in Greater Sudbury

Provided by TD Insurance
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124 CEDAR STREET, Greater Sudbury, Ontario, P3E 1B4
$5,388,888

Property Information:

Discover this remarkable 24,000 sq ft commercial-residential mixed-use property offering incredible income potential and a proven high return on investment. Situated in a prime location, this asset is a standout opportunity for seasoned investors and developers alike.Key Features:1.Outstanding Income Return:oCurrent net profit: $675,557.13 annually, equating to a 12.75% net income return.oPost-conversion potential: $766,182 annual net profit, yielding an enhanced 14.45% net return.2.High-Value Asset with Significant Upside:oAppraised at $7.25M by a bank-approved appraiser.oMarket value projected to exceed $9M upon conversion to a 100% residential property.3.Existing Configuration:o12,000 sq ft of prime retail and office space.oResidential units: 4 studios, 8 one-bedroom apartments, and 8 two-bedroom apartments.4.Conversion Potential:oAfter transformation, the property will feature 6 studios, 8 one-bedroom apartments, and 28 two-bedroom apartments, catering to high-demand residential needs.5.Renovation Incentives:oGuaranteed renovation cost: Only $650,000, after factoring in city-supported CIP grants and interest-free loans.oBoosted rental income: Conversion results in a $90,625 annual increase in net rental income.6.Favorable Financing Options:oCMHC loan eligibility upon issuance of building permits.oLoan covers 100% of conversion costs at a competitive 4% interest rate.Why This Property?With strong current returns, significant upside from planned conversions, and the city-backed incentives to minimize costs, this property represents a rare blend of high yields, manageable risk, and long-term value appreciation.Don't miss this exceptional investment opportunity in the thriving City of Sudbury. Contact us today for more details and to arrange a viewing! (id:27)

Building Features:

  • Building Type: Other
  • Exterior Finish: Aluminum siding, Concrete
  • Foundation Type: Unknown
  • Heating Type: Baseboard heaters
  • Heating Fuel: Electric
  • Appliances: Oven - Built-In

Property Features:

  • Property Type: Single Family
  • Bathrooms: 42
  • Zoning: C6
  • Sewer: Sanitary sewer
  • Parking Type: Covered
  • No. of Parking Spaces: 48

Courtesy of: BAY STREET GROUP INC.

REALTOR.ca  

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Location of 124 CEDAR STREET, Greater Sudbury, Ontario, P3E 1B4

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

30 hot days expected in 2050

Projected Precipitation Risk: Moderate

14 storms expected in 2050

Projected Heat Risk: Moderate

30 hot days expected in 2050

43/100

Moderate

ClimateCheck®

Current data

This property, 124 CEDAR STREET , experiences 7 hot days per year at around 29.7 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 30 hot days at 33 degrees Celsius.

Projected Avg. Temperature

Past
29.7℃
2050
33℃

# Hot Days Per Year

Past
7
2050
30

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate

14 storms expected in 2050

58/100

Moderate

ClimateCheck®

Current data

This property, 124 CEDAR STREET , experiences 11 significant 2-day storms per year, with about 295.6mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 374.7mm of precipitation per year.

Precipitation Per Storm

Past
295.6mm
2050
374.7mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 124 CEDAR STREET, Greater Sudbury, Ontario, P3E 1B4

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$78,195.96

Average Number of Children

1.44

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

17.59 %

High school certificate or equivalent

30.95 %

Apprenticeship trade certificate/diploma

4.96 %

College/non-university certificate

26.01 %

University certificate (below bachelor)

0.49 %

University Degree

19.99 %

Commuter

Travel To Work

By Car

59.24 %

By Public Transit

25.48 %

By Walking

13.64 %

By Bicycle

0.69 %

By Other Methods

0.95 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

80.34 %

Houses

19.66 %

Own Vs. Rent

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