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CAONSudburySudbury124 Cedar St
124 Cedar St, Home with 0 bedrooms, 42 bathrooms and 6 parking in Sudbury ON | Image 1
124 Cedar St, Home with 0 bedrooms, 42 bathrooms and 6 parking in Sudbury ON | Image 2
124 Cedar St, Home with 0 bedrooms, 42 bathrooms and 6 parking in Sudbury ON | Image 3
124 Cedar St, Home with 0 bedrooms, 42 bathrooms and 6 parking in Sudbury ON | Image 4
124 Cedar St, Home with 0 bedrooms, 42 bathrooms and 6 parking in Sudbury ON | Image 5
124 Cedar St, Home with 0 bedrooms, 42 bathrooms and 6 parking in Sudbury ON | Image 6
124 Cedar St, Home with 0 bedrooms, 42 bathrooms and 6 parking in Sudbury ON | Image 7
124 Cedar St, Home with 0 bedrooms, 42 bathrooms and 6 parking in Sudbury ON | Image 8
124 Cedar St, Home with 0 bedrooms, 42 bathrooms and 6 parking in Sudbury ON | Image 9
124 Cedar St, Home with 0 bedrooms, 42 bathrooms and 6 parking in Sudbury ON | Image 10
124 Cedar St, Home with 0 bedrooms, 42 bathrooms and 6 parking in Sudbury ON | Image 11
124 Cedar St, Home with 0 bedrooms, 42 bathrooms and 6 parking in Sudbury ON | Image 12
124 Cedar St, Home with 0 bedrooms, 42 bathrooms and 6 parking in Sudbury ON | Image 13
124 Cedar St, Home with 0 bedrooms, 42 bathrooms and 6 parking in Sudbury ON | Image 14
124 Cedar St, Home with 0 bedrooms, 42 bathrooms and 6 parking in Sudbury ON | Image 15
124 Cedar St, Home with 0 bedrooms, 42 bathrooms and 6 parking in Sudbury ON | Image 16
124 Cedar St, Home with 0 bedrooms, 42 bathrooms and 6 parking in Sudbury ON | Image 17
124 Cedar St, Home with 0 bedrooms, 42 bathrooms and 6 parking in Sudbury ON | Image 18
124 Cedar St, Home with 0 bedrooms, 42 bathrooms and 6 parking in Sudbury ON | Image 19
124 Cedar St, Home with 0 bedrooms, 42 bathrooms and 6 parking in Sudbury ON | Image 20
124 Cedar St, Home with 0 bedrooms, 42 bathrooms and 6 parking in Sudbury ON | Image 21
124 Cedar St, Home with 0 bedrooms, 42 bathrooms and 6 parking in Sudbury ON | Image 22
124 Cedar St, Home with 0 bedrooms, 42 bathrooms and 6 parking in Sudbury ON | Image 23
124 Cedar St, Home with 0 bedrooms, 42 bathrooms and 6 parking in Sudbury ON | Image 24
124 Cedar St, Home with 0 bedrooms, 42 bathrooms and 6 parking in Sudbury ON | Image 25
124 Cedar St, Home with 0 bedrooms, 42 bathrooms and 6 parking in Sudbury ON | Image 26
124 Cedar St, Home with 0 bedrooms, 42 bathrooms and 6 parking in Sudbury ON | Image 27
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$6,988,888
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Removed 14 hours ago

124 Cedar St, Sudbury, ON

Real Estate

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Removed 14 hours ago

042-6
  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential
Size -
Garage No
HOA Fees 
Taxes $59,794
Approx. Age 
MLS® Number X11881202

Property Address: Cedar St, Sudbury, Ontario

Average square foot calculated using Size range provided by listing agent.

Description

Discover this remarkable 24, 000 sq ft commercial-residential mixed-use property offering incredible income potential and a proven high return on investment. Situated in a prime location, this asset is a standout opportunity for seasoned investors and developers alike.Key Features:1.Outstanding Income Return:oCurrent net profit: $675, 557.13 annually, equating to a 12.75% net income return.OPost-conversion potential: $766, 182 annual net profit, yielding an enhanced 14.45% net return.2.High-Value Asset with Significant Upside:oAppraised at $7.25M by a bank-approved appraiser.OMarket value projected to exceed $9M upon conversion to a 100% residential property.3.Existing Configuration:o12, 000 sq ft of prime retail and office space.OResidential units: 4 studios, 8 one-bedroom apartments, and 8 two-bedroom apartments.4.Conversion Potential:oAfter transformation, the property will feature 6 studios, 8 one-bedroom apartments, and 28 two-bedroom apartments, catering to high-demand residential needs.5.Renovation Incentives:oGuaranteed renovation cost: Only $650, 000, after factoring in city-supported CIP grants and interest-free loans.OBoosted rental income: Conversion results in a $90, 625 annual increase in net rental income.6.Favorable Financing Options:oCMHC loan eligibility upon issuance of building permits.OLoan covers 100% of conversion costs at a competitive 4% interest rate.Why This Property?With strong current returns, significant upside from planned conversions, and the city-backed incentives to minimize costs, this property represents a rare blend of high yields, manageable risk, and long-term value appreciation.Don't miss this exceptional investment opportunity in the thriving City of Sudbury.Show Description
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No Data
Walk Score®
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Transit Score®
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Bike Score®
MLS® NumberX11881202
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatElectric, Baseboard
A/C
Heating Fuel

Extras

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