869-899 Kingsway Sudbury, Ontario P3B 2E4
$2,800,000
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 is being installed this summer with some refacing of one unit currently in process and 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:47351)
Business
| Business Type | Retail and Wholesale |
| Business Sub Type | General retail |
Property Details
| MLS® Number | 2123349 |
| Property Type | Retail |
| Equipment Type | Unknown |
| Rental Equipment Type | Unknown |
| Road Type | Paved Road |
| Storage Type | Unknown |
Building
| Amenities | Air Conditioning, Separate Heating Controls, Separate Electricity Meters |
| Cooling Type | Partially Air Conditioned |
| Exterior Finish | Brick, Siding, Stucco |
| Fire Protection | Alarm System, Smoke Detectors |
| Flooring Type | Concrete, Tile, Vinyl |
| Foundation Type | Concrete Slab |
| Heating Type | Forced Air, Overhead Heaters, Baseboard Heaters |
| Roof Material | Membrane |
| Roof Style | Unknown |
| Type | Commercial Mix |
| Utility Water | Municipal Water |
Parking
| Shared |
Land
| Access Type | Year-round Access |
| Acreage | Yes |
| Fence Type | Not Fenced |
| Sewer | Municipal Sewage System |
| Size Total Text | 1 - 3 Acres |
| Zoning Description | C2, C2 Special |
https://www.realtor.ca/real-estate/28569461/869-899-kingsway-sudbury
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July 07 2025 06:43:25
Sudbury Real Estate Board
RE/MAX Crown Realty (1989) Inc., Brokerage (Sudbury)