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Property Details
Basic Information
MLS® ID:
27591698
Listing ID:
2119651
Status:
Active
Last Updated:
May 4, 2025
Location
Full Address:
Sudbury, Ontario P3C4Y6
City:
Sudbury
Province/State:
Ontario
Postal Code:
P3C4Y6
Country:
Canada
Coordinates:
46.4991837, -80.9976196
Property Details
Property Type:
Retail
Heating:
High-Efficiency Furnace
Utility Information
Water Source:
Municipal water
Sewer:
Municipal sewage system
Financial Details
| Detail | Amount |
|---|---|
| List Price | $745,000 |
Property Features & Amenities
Property Location
Sudbury Property Description
NET OPERATING INCOME $68,551 GENERATING A 9.2% CAP RATE. Not For Profit Child Care with a Government supported Tenant on a long term lease. This property is located in the heart of downtown Sudbury. The Tenant at their own expense has installed an artificial grass surface and playground structures throughout the playground area at the projected expense of $300,000. The tenant also contributed 50% of the expense of the two new furnaces and air conditioners that were installed in 2020. The tenant is committed to this property as they also invested $300,000 in leasehold improvements when they moved in. This is a turnkey operation which is fully operational. The tenant all through the pandemic was always able to meet their financial lease obligations and continue to do so. (id:58062)
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