402 Frood Road, Sudbury, Ontario, P3C4Z8
MLS: 2126342 | Offices (Freehold)
$639,900
Property Description
Excellent investment opportunity with this commercial/residential building in a prime location. The main floor offers a flexible office layout with 7 offices, currently rented for $2,000/month on a triple-net basis (tenant also pays taxes, utilities, and insurance for the entire building). There is opportunity to increase rent. All interior office walls are non-load-bearing, allowing for maximum customization to suit future needs. The upper level, with a separate entrance, features two apartments: a 2-bedroom unit renting for $1,650/month and a loft-style open-concept apartment renting for $850/month, both on month-to-month leases, utilities included. The building is a former TD Bank, exceptionally well-built. Current owner occupies the main level and is willing to stay as a tenant for at least three more years, or vacate if buyer wishes to occupy. Vendor is also willing to consider a VTB (Vendor Take-Back) for qualified buyers. (id:64974)
Quick Facts
- Property Type: Offices (Freehold)
- Bedrooms: None
- Bathrooms: None
- Ownership: Freehold
Listing Provided by: RE/MAX CROWN REALTY (1989) INC., BROKERAGE (SUDBURY)
Board: Sudbury Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Boiler
- Flooring: Hardwood, Laminate
Exterior & Construction
- Exterior: Brick
- Roof: Other, Unknown
- Foundation: Block, Concrete
- Sewer: Municipal sewage system
- Water: Municipal water
Lot & Land
- Zoning: C3
Community & Neighbourhood
- Building: Shopping Area, Storefront, Shared Laundry, Vaulted Ceiling
Listing Information
Listing History
MLS listing activity for 402 Frood Road, Sudbury, Ontario, P3C4Z8 — dates reflect when changes were recorded in the DDF
Location & Neighborhood
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402 Frood Road, Sudbury, Ontario, P3C4Z8