Property Details
869-899 Kingsway, Sudbury, Ontario, P3B2E4
Broker
RE/MAX Crown Realty (1989) Inc. Brokerage - Sudbury
Cell: 705-918-4408
Tel: 705-560-5650
$2,800,000 - For sale
Excellent mixed commercial mall on the Kingsway offered for sale. Owners have decided to sell this long held family asset. Demand for space in the property has always been high with a good mix of commercial tenants plus an apartment on the second floor of one area. This property has been well maintained with regular upgrades to keep units in terrific shape. New roof was installed this summer with refacing of one unit with several windows being replaced. Total square footage is approximately 11,882 square feet. Rents coming up for renewal with room to increase over time. Current rents are sightly below market so upside is there. Timing of lease renewals is laddered allowing for Landlord to adjust rents according to current market conditions. All units are currently rented. Vacancies have been rare. Financial statements and leases available upon signing a Non-disclosure agreement. History of improvement and upgrades available upon request. A superb investment opportunity with great cash flow. (id:2471)
- Property Address:869-899 Kingsway, Sudbury, Ontario, P3B2E4
- Property Type:Retail
- Title:Freehold
- Lot Size:1 - 3 acres
- Acreage:1 - 3 acres
- Sewage Type:Municipal sewage system
- Water Type:Municipal water
- Access:Year-round access
- Driveway:Shared
- Structure Style:Commercial Mix
- Heating Type:Forced air, Overhead Heaters, Baseboard heaters
- Flooring:Concrete, Tile, Vinyl
- Foundation Type:Concrete Slab
- Cooling Type:Partially air conditioned
- Rental Equipment:Unknown
- Exterior Type:Brick, Siding, Stucco
Broker
RE/MAX Crown Realty (1989) Inc. Brokerage - Sudbury
Cell: 705-918-4408
Tel: 705-560-5650
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- Map 869-899 Kingsway, Sudbury, Ontario, P3B2E4
- Neighbourhood Information
869-899 Kingsway, Sudbury, Ontario, P3B2E4
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