Property Details

50 Lisgar Street, Sudbury, Ontario, P3E3L8

50 Lisgar Street, Sudbury, Ontario
Representative
Cindy Delorme portrait
Cindy Delorme
Sales Representative
RE/MAX Crown Realty (1989) Inc. Brokerage - Sudbury
Cell: 705-698-5584
Tel: 705-560-5650

$4,900,000 - For sale

MLS®:1045133

Prime turn-key investment opportunity in Downtown Sudbury. 50 student residence units (40 x studio + 10 x 3BR units) plus two main level commercial tenants (Financial Institution - Sudbury Credit Union, and Restaurant - Frubar Juicery). Steps away from main downtown bus terminal with direct routes to Laurentian University, Cambrian College and College Boreal. Consistently fully-occupied with strong rents. Elevator access, kitchen and bathroom in every unit, partially furnished and appliances included. Renovated top to bottom two years ago, includes common room, laundry, and bike storage on each floor. Strong financials, showing 7.81% CAP Rate including allowance for vacancy, property management, repairs & maintenance. (id:2471)

Property Details
  • Property Type:Multi-family
  • Acreage:under 1/2 acre
  • Water Type:Municipal water
Structure Details
  • Square Footage:36000
  • Heating Type:Hot Water
Representative
Cindy Delorme portrait
Cindy Delorme
Sales Representative
RE/MAX Crown Realty (1989) Inc. Brokerage - Sudbury
Cell: 705-698-5584
Tel: 705-560-5650
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Listing Office: MALLETTE-GORING INC., BROKERAGE

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