50 Lisgar Street

50 Lisgar St, Sudbury, ON P3E 3L8

Overview

Price: $ 4,900,000.00
Status: For Sale
Type: Multi-Residential
Location:
Lot Size: 120.5 x 56.5
Zoning: C6

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.

General amenities

  • 359
  • Air Conditioning
  • Balconies
  • Canopy
  • Common Area Indoors
  • Laundry Facility
  • Living Accommodation
  • Mezzanine
  • Recreation Centre
  • Storefront
  • Street Lighting
  • Unknown

Location: 50 Lisgar St, Sudbury, ON P3E 3L8