869-899 Kingsway new Save Request In-Person Tour Request Virtual Tour
Sudbury,ON P3B2E4
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2123349
Property Sub-Type Freehold
Source Sudbury Real Estate Board
Property Description
Excellent mixed commercial mall on the Kingsway offered for sale. Owners have decided to sell this long held family asset. Demand for space in the property has always been high with a good mix of commercial tenants plus an apartment on the second floor of one area. This property has been well maintained with regular upgrades to keep units in terrific shape. New roof is being installed this summer with some refacing of one unit currently in process and several windows being replaced. Total square footage is approximately 11,882 square feet. Rents coming up for renewal with room to increase over time. Current rents are sightly below market so upside is there. Timing of lease renewals is laddered allowing for Landlord to adjust rents according to current market conditions. All units are currently rented. Vacancies have been rare. Financial statements and leases available upon signing a Non-disclosure agreement. History of improvement and upgrades available upon request. A superb investment opportunity with great cash flow. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air,Overhead Heaters,Baseboard heaters
Cooling Partially air conditioned
Flooring Concrete,Tile,Vinyl
Exterior
Parking Features No
Fence Not fenced
View Y/N No
Roof Type Unknown
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold