Excellent mixed commercial mall on the Kingsway offered for sale. Owners have decided to sell this long held family asset. Demand for space in the property has always been high with a good mix of commercial tenants plus an apartment on the second floor of one area. This property has been well maintained with regular upgrades to keep units in terrific shape. New roof was installed this summer with refacing of one unit with several windows being replaced. Total square footage is approximately 11,882 square feet. Rents coming up for renewal with room to increase over time. Current rents are sightly below market so upside is there. Timing of lease renewals is laddered allowing for Landlord to adjust rents according to current market conditions. All units are currently rented. Vacancies have been rare. Financial statements and leases available upon signing a Non-disclosure agreement. History of improvement and upgrades available upon request. A superb investment opportunity with great cash flow. (id:4069)
Address
869-899 Kingsway
List Price
$2,800,000
Property Type
Retail
Type of Dwelling
Commercial Mix
Transaction Type
Sale
Area
Ontario
Sub-Area
Sudbury
MLS® Number
2123349
Listing Brokerage
RE/MAX CROWN REALTY (1989) INC., BROKERAGE (SUDBURY)
Postal Code
P3B2E4
Zoning
C2, C2 Special
Amenities
Air Conditioning, Separate Heating Controls, Separate Electricity Meters
