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:4069)
Address
402 Frood Road
List Price
$639,900
Property Type
Multi-family
Type of Dwelling
Multi-family
Transaction Type
Sale
Area
Ontario
Sub-Area
Sudbury
MLS® Number
2126338
Listing Brokerage
RE/MAX CROWN REALTY (1989) INC., BROKERAGE (SUDBURY)
Basement Area
Full
Postal Code
P3C4Z8
Zoning
C3
