For Sale: 50 Lisgar Street

Prime turn-key investment opportunity in Downtown Sudbury. 50 student residence units (40 x studio + 10 x 3BR units) plus two main level commercial tenants (Financial Institution – Sudbury Credit Union, and Restaurant – Frubar Juicery). Steps away from main downtown bus terminal with direct routes to Laurentian University, Cambrian College and College Boreal. Consistently fully-occupied with strong rents. Elevator access, kitchen and bathroom in every unit, partially furnished and appliances included. Renovated top to bottom two years ago, includes common room, laundry, and bike storage on each floor. Strong financials, showing 7.81% CAP Rate including allowance for vacancy, property management, repairs & maintenance. Contact listing broker for financials, serious inquiries only.

Listing ID: MLS#1045132
Asking Price: $4,900,000
Zoning: C6
August 17, 2017

Location:

© 2017Greater Sudbury Commercial Real Estate – Chris Tammi (Broker) – Mallette-Goring Inc., Brokerage
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