124 Cedar Street, Sudbury, Ontario, P3E1B4

Property Description

124 Cedar St, Prime Sudbury Investment Opportunity! Perfectly located in the heart of Downtown Sudbury, 124 Cedar St presents a rare turn-key investment opportunity with strong and reliable cash flow. The building offers approximately 24,000 sq ft across four levels. The first and second floors currently feature restaurant and office spaces, providing stable commercial tenancy potential. The third and fourth floors contain 20 luxury residential units, including studio, one-bedroom, and two-bedroom apartments, designed to attract quality tenants in Sudbury’s growing downtown rental market. According to a professional market evaluation, the property also presents a compelling value-add opportunity. If the first and second floors were converted into approximately 22 additional residential units, the projected market value of the property could increase to approximately $10,150,000, while the estimated renovation cost is expected to be under $1,000,000, offering significant upside potential for investors. Zoned C6 – one of the City of Greater Sudbury’s most flexible commercial designations, the property allows for a wide range of permitted uses, including commercial, office, and multi-residential development, providing both immediate income and long-term redevelopment flexibility. Strategically located in a high-traffic downtown corridor, the property benefits from convenient access to public transit, municipal parking, government offices, hotels, restaurants, Place des Arts, and Laurentian University, making it highly attractive for both commercial and residential tenants. An exceptional opportunity to acquire a mixed-use asset with strong cash flow and significant future upside in one of Sudbury’s most dynamic and rapidly evolving areas. Contact us today for financial details and to arrange a private viewing! (id:64974)

Quick Facts

• Property Type: Residential Commercial Mix (Freehold)
• Bedrooms: None
• Bathrooms: None
• Ownership: Freehold

Listing Provided by: ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE
Board: Sudbury Real Estate Board
Data provided via CREA DDF®.