Cedar St

0 Bedroom Real Estate has been listed for sale at 124 Cedar St in Sudbury for $5,388,888. Chat with a local expert, book a tour.

Sudbury

124 Cedar St

124 Cedar St, For Sale in Sudbury - eXp Commercial Brokerage

Discover this remarkable 24, 000 sq ft commercial-residential mixed-use property offering incredible income potential and a proven high return on investment. Situated in a prime location, this asset is a standout opportunity for seasoned investors and developers alike.Key Features:1.Outstanding Income Return:oCurrent net profit: $675, 557.13 annually, equating to a 12.75% net income return.OPost-conversion potential: $766, 182 annual net profit, yielding an enhanced 14.45% net return.2.High-Value Asset with Significant Upside:oAppraised at $7.25M by a bank-approved appraiser.OMarket value projected to exceed $9M upon conversion to a 100% residential property.3.Existing Configuration:o12, 000 sq ft of prime retail and office space.OResidential units: 4 studios, 8 one-bedroom apartments, and 8 two-bedroom apartments.4.Conversion Potential:oAfter transformation, the property will feature 6 studios, 8 one-bedroom apartments, and 28 two-bedroom apartments, catering to high-demand residential needs.5.Renovation Incentives:oGuaranteed renovation cost: Only $650, 000, after factoring in city-supported CIP grants and interest-free loans.OBoosted rental income: Conversion results in a $90, 625 annual increase in net rental income.6.Favorable Financing Options:oCMHC loan eligibility upon issuance of building permits.OLoan covers 100% of conversion costs at a competitive 4% interest rate.Why This Property?With strong current returns, significant upside from planned conversions, and the city-backed incentives to minimize costs, this property represents a rare blend of high yields, manageable risk, and long-term value appreciation.Don't miss this exceptional investment opportunity in the thriving City of Sudbury.

Amazing Cap Rate 9.12% ! Mixed-Use Commercial And Luxury Residential Building In Downtown Sudbury, The Property Is Fully Leased And Contains 27, 748 Square Feet Across Four Floor. Property Features Include 75 Feet Of Cedar Street Frontage, A Secure Entry Vestibule, A Mailbox Area, And A Building Stairwell And Elevator. Comprised Of All Aaa Tenants On The First And Second Floors, Occupying Businesses Include Legal And Accounting Firms, Youth Educators, And A Private High School. Ranging From Studios To One-Bedroom And Two-Bedroom Apartments, A Total Of 20 Brand-New Apartment Units Are Located On The Third And Fourth Floors. The Residential Units Have Been Recently Renovated With New Kitchens, Laminate And Tile Flooring, And Bathroom Fixtures. Situated Beside A Cibc Bank Branch, Experience A Prime Downtown Location Surrounded By Government Buildings, Hotels, Dining, And Entertainment Options. 124 Cedar Street Sits To The Right Of The Gova Transit Downtown Hub.

Welcome to 124 cedar street in the heart of downtown Sudbury, Ontario. This mixed use building, which has a cap rate of 9%, features 11, 997 Sqft of leased office space on the 1st and 2nd floor along with 20 newly built luxury apartments ranging from 4 x studios, 8 x one bedrooms and 8 x two bedroom on the 3rd and 4th floors. Prime downtown location surrounded by government buildings, hospital, university, bus terminal, mall, and highway

124 Cedar St, Sudbury, ON

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