Map location of 124 CEDAR STREET, Greater Sudbury (Sudbury), ON P3E1B4
$5,388,888
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124 Cedar Street, Greater Sudbury (sudbury), ON P3E1B4

 Contact
- Beds
42 Baths
5,000 Sq Ft

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. Contact us today for more details and to arrange a viewing! (id:55598)

Listing By: DONGMING WU - BAY STREET GROUP INC.
Listing provided courtesy of Canadian Real Estate Association
  • MLS® X11881202
  • Date Listed12/02/2024
  • Days on Realty 19 Days
  • Bedrooms -
  • Bathrooms 42 baths
  • Lot Size -
  • Sewer Other
  • Subdivision Sudbury
  • Property Type Single Family Residence
  • Water Public
  • Square Feet 5,000 sq. ft
  • Price Per Sq. Ft $1077.79

Interior Features

  • Appliances Oven - Built- In
  • Heating Baseboard Heaters, Electric

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Nearby Schools

Source: School Digger

Marymount Academy Catholic School

Public • 6 - 12

32.19 km

Distance

St. Benedict Catholic Secondary School

Public • 6 - 12

32.19 km

Distance

St. Charles College

Public • 6 - 12

32.19 km

Distance

Sudbury Secondary School

Public • 9 - 12

32.19 km

Distance

École secondaire du Sacré-Coeur

Public • 9 - 12

32.19 km

Distance

St. Albert Adult Learning Centre

Public • 9 - 12

32.19 km

Distance

École secondaire Macdonald-Cartier

Public • 9 - 12

32.19 km

Distance

Lockerby Composite School

Public • 9 - 12

32.19 km

Distance

Lo-Ellen Park Secondary School

Public • 9 - 12

32.19 km

Distance

Lasalle Secondary School

Public • 9 - 12

32.19 km

Distance

Collège Notre-Dame

Private • 9 - 12

20 km

Distance

Sales & Tax History

Source: Public Records

Walkability in ON / P3E1B4

Source: Walkscore

90/100

Walker's Paradise

Walk Score ®

0/100

Minimal Transit

Transit Score ®

59/100

Bikable

Bike Score ®

Overview

Daily errands do not require a car. It is possible to get on a bus. Some bike infrastructure.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 32/100, Transit Score: 0/100, Bike Score: 36/100.

Points of interest near 124 CEDAR STREET, Greater Sudbury (Sudbury), ON P3E1B4

1 m

Distance

15 m

Distance

32 m

Distance

69 m

Distance

106 m

Distance

112 m

Distance

1 m

Distance

32 m

Distance

106 m

Distance

CIBC, Sudbury, ON, Canada

Finance Professional

32 m

Distance

51 m

Distance

78 m

Distance

59 m

Distance

39 m

Distance

112 m

Distance

37 m

Distance

97 m

Distance

Frequently Asked Questions for 124 CEDAR STREET

Source: Realty.com

124 CEDAR STREET, Greater Sudbury (Sudbury), ON P3E1B4 is a Single Family Residence, Residential property listed for $5,388,888 The property is 5000 sq. ft with - bedrooms and 42 bathrooms

Realty.com has 27 photos of 124 CEDAR STREET.

The full address for this home is 124 CEDAR STREET, Greater Sudbury (Sudbury), ON P3E1B4.

124 CEDAR STREET has been listed on Realty.com since Mon December 02, 2024

Daily errands do not require a car. It is possible to get on a bus. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 32/100, Transit Score: 0/100, Bike Score: 36/100.

Listing provided courtesy of: BAY STREET GROUP INC. (tel: (905) 909-0101)
Listing agent: DONGMING WU (tel: (905) 909-0101)

This content last refreshed on 2024-12-21 03:52:29. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Export listing data of 124 CEDAR STREET, Greater Sudbury (Sudbury), ON P3E1B4 : MLS® X11881202

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