44 FROOD ROAD, Sudbury Remote Area, Ontario, P3C 4Z2

$2,495,000

MLS® # X10428682

Investment For Sale In Sudbury Remote Area, Ontario

$2,495,000

Property Information:

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. **EXTRAS** 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. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Air Conditioning: Yes
  • Heating Type: Hot water radiator heat
  • Cooling Type: Partially air conditioned

Property Features:

  • Property Type: Multi-family
  • Amenities Nearby: Public Transit, Recreation
  • Irregular: Yes
  • Lot Depth: 133.2 Feet
  • Lot Frontage: 59.7 Feet
  • Lot Size: Bldg=59.7 x 133.18 FT
  • Zoning: Commercial

Courtesy of: RE/MAX WEST REALTY INC.

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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