Excellent investment opportunity with this commercial/residential building in a prime location. The main floor offers a flexible office layout with 7 offices, currently rented for $2,000/month on a triple-net basis (tenant also pays taxes, utilities, and insurance for the entire building). There is opportunity to increase rent. All interior office walls are non-load-bearing, allowing for maximum customization to suit future needs. The upper level, with a separate entrance, features two apartments: a 2-bedroom unit renting for $1,650/month and a loft-style open-concept apartment renting for $850/month, both on month-to-month leases, utilities included. The building is a former TD Bank, exceptionally well-built. Current owner occupies the main level and is willing to stay as a tenant for at least three more years, or vacate if buyer wishes to occupy. Vendor is also willing to consider a VTB (Vendor Take-Back) for qualified buyers. (id:38174)
| MLS® Number | 2126338 |
| Property Type | Multi-family |
| Equipment Type | None |
| Rental Equipment Type | None |
| Storage Type | Storage In Basement |
| Basement Type | Full |
| Exterior Finish | Brick |
| Flooring Type | Hardwood, Laminate |
| Foundation Type | Block, Concrete |
| Heating Type | Boiler |
| Roof Style | Flat |
| Utility Water | Municipal Water |
| Gravel |
| Access Type | Year-round Access |
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | C3 |
https://www.realtor.ca/real-estate/29324539/402-frood-road-sudbury
Contact us for more information
(705) 560-5650
(800) 601-8601
(705) 560-9492
www.remaxcrown.ca/
(705) 560-5650
(800) 601-8601
(705) 560-9492
www.remaxcrown.ca/
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