264 Mackenzie Street, Greater Sudbury, ON Image 1

$745,000

$765,000
2.6% dropped

Last price change Feb 4

Commercial Retail For Sale
MLS - #X11823823
Feb 14- By REALTY EXECUTIVES OF SUDBURY LTD.

264 Mackenzie Street, Greater Sudbury, ON P3C 4Y6

Bed
Bath
7276 Sqft.
Single Detached Garage

Property Description

Property type

Commercial Retail

Lot size

N/A

Style

Approx. Area

7276 Sqft

About 264 Mackenzie Street

NET OPERATING INCOME $68,551 GENERATING A 9% CAP RATE. Not For Profit Child Care with a Government supported Tenant on a long-term lease. This property is located in the heart of downtown Sudbury. The Tenant at their own expense has installed an artificial grass surface and playground structures throughout the playground area at the projected expense of $300,000. The tenant also contributed 50% of the expense of the two new furnaces and air conditioners that were installed in 2020. The tenant is committed to this property as they also invested $300,000 in leasehold improvements when they moved in. This is a turnkey operation which is fully operational. The tenant, all through the pandemic was always able to meet their financial lease obligations and continue to do so. **EXTRAS** **INTERBOARD LISTING: SUDBURY REAL ESTATE BOARD**

Home Overview

Last updated

Feb 14

Virtual tour

None

Basement information

Building size

7276

Status

In-Active

Property sub type

Commercial Retail

Maintenance fee

$N/A

Year built

--

Additional Details

Basement:N/A
Cooling:Yes
Heating:Gas Forced Air Open
Parking Features:N/A
0
Similar Homes Found
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Average Price
74500000.0%
Higher than average

Price Comparison

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Location

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Walk Score for 264 Mackenzie Street

Sales Representative

Angela Yang

Sales Representative, ANCHOR NEW HOMES INC.

English, Mandarin
Residential ResaleProperty ManagementPre Construction

MORTGAGE INFO

ESTIMATED PAYMENT

Principal and InterestProperty Taxes$2845.40/ month

Some information about this property - Mackenzie Street

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