ON > Greater Sudbury > Sudbury
Greater Sudbury, ON P0M 1L0,214 David ST
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Greater Sudbury, ON P0M 1L0,214 David ST
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Jethro Seymour

Jethro Seymour

+1(416) 712-0767
$ 5,699,000
Est. payment /mo
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Active

214 David ST Greater Sudbury, ON P0M 1L0

2 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 2 sqft

Price per Sqft $2,849,500

Subdivision Sudbury

MLS Listing ID X12418416

Annual Tax Amount $34,312

Tax Year 2024

Property Sub-Type Investment

Lot Depth 325.0

Lot Front 260.0

Property Description

22 Two-Bedroom Townhouses in Greater Sudbury. Each townhome is approx. 1400sqf above grade! Strong returns, 85% LTV possible, turn-key! LUCRATIVE Potential: The subject property presently has an average rent of approximately $1700 across twenty-two two-bedroom townhomes. The most recent rental was for $2500. There are presently six suites with a rent of $2000 or higher. If all townhomes were rented at even $2100 that translates into an increase in NOI of over $100,000! At full market rent the increase in NOI is over $200,000! In addition, the luxury of the access land provides space to build an additional building of 15-20 suites depending on specifics! QUALITY Asset: The property has seen a tremendous amount of renovation and improvement recently with countless dollars spent on renovation. 18 of 22 Townhomes have been entirely gutted from top to bottom, featuring new flooring, new bathrooms, new kitchens, etc. All 22 Townhomes feature new roofs, windows and doors. Each home is approximately 1400 sqf with 3 bedrooms on the second floor! SOLID Rental Market: Greater Sudbury,s resilient economy, driven by a robust mining sector, supports stable housing demand. Known as the Nickel City, hosts significant mining operations, employing around 6,000 people directly and supporting 10,000 more in related industries. They city,s ongoing infrastructure development enhances its appeal for real estate investment. Projects like the Kingsway Entertainment District, Place des Arts, and a $625 million Highway 69 expansion signal a growing, vibrant city.

Location

Province ON

County Greater Sudbury

Community Sudbury

Area Greater Sudbury

Zoning Multiresidential

Interior

Cooling Partial

Exterior

Utilities Available Yes

Lot Frontage 260.0

Lot Depth 325.0

Others

ParcelsYN No

Listed by STONEBANK REAL ESTATE LTD.
Jethro Seymour

Jethro Seymour

Broker

+1(416) 712-0767

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214 David ST

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