44 Frood RD Pending Save Request In-Person Tour Request Virtual Tour
Sudbury Remote Area,ON P3C 4Z2
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Pending
Purchase Type For Sale
Square Footage 4,983 sqft
Price per Sqft $500
MLS Listing ID X10428682
Annual Tax Amount $30,576
Tax Year 2023
Property Sub-Type Investment
Property Description
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.
Location
Province ON
County Sudbury
Area Sudbury
Zoning Commercial
Interior
Cooling Partial
Exterior
Community Features Public Transit,Recreation/Community Centre
Utilities Available Yes
Lot Frontage 59.7
Lot Depth 133.18