$639,900

402 Frood Road, Sudbury, Ontario, P3C 4Z8

MLS® # 2126338

Sudbury ON, P3C 4Z8

MLS® # 2126338

Property Information:

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:27)

Building Features:

Style: Multiplex
Basement Type: Full
Exterior Finish: Brick
Flooring Type: Hardwood, Laminate
Foundation Type: Block, Concrete
Roof Style: Flat
Heating Type: Boiler

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Access Type: Year-round access
Storage Type: Storage in Basement
Zoning: C3
Sewer: Municipal sewage system
Parking Type: Gravel

Courtesy of: RE/MAX CROWN REALTY (1989) INC., BROKERAGE (SUDBURY)

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⚠ Potential Investment Performance

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Market Price Trends

Location of 402 Frood Road, Sudbury, Ontario, P3C 4Z8

Lifestyle
Neighbourhood

Demographic Information of 402 Frood Road, Sudbury, Ontario, P3C 4Z8

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$73,327.44

Average Number of Children

1.71

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

27.69 %

High school certificate or equivalent

35.89 %

Apprenticeship trade certificate/diploma

6.19 %

College/non-university certificate

23.55 %

University certificate (below bachelor)

0.16 %

University Degree

6.52 %

Commuter

Travel To Work

By Car

68.51 %

By Public Transit

20.37 %

By Walking

10.51 %

By Bicycle

0.0 %

By Other Methods

0.61 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

59.28 %

Houses

40.72 %

Own Vs. Rent