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$ 2,495,000
Est. payment /mo
Pending
44 Frood RD Sudbury Remote Area, ON P3C 4Z2
4,983 SqFt
UPDATED:
02/14/2025 02:55 PM
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
Listed by RE/MAX WEST REALTY INC.