Property Details

264 MacKenzie Street, Sudbury, Ontario, P3C4Y6

264 MacKenzie Street, Sudbury, Ontario, P3C4Y6 (ID 2119651)
Representative
Realty Executives of Sudbury Ltd., Brokerage
Office
Realty Executives of Sudbury Ltd. Brokerage
Tel: 705-586-3334
Website

$765,000 - For sale

ID#:2119651

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. (id:2471)

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Property Details
  • Property Address:264 MacKenzie Street, Sudbury, Ontario, P3C4Y6
  • Property Type:Retail
  • Title:Freehold
  • Lot Size:under 1/2 acre
  • Acreage:under 1/2 acre
  • Sewage Type:Municipal sewage system
  • Water Type:Municipal water
  • Driveway:Attached Garage, Parking Space(s)
Structure Details for 264 MacKenzie Street, Sudbury, Ontario, P3C4Y6
  • Heating Type:High-Efficiency Furnace
  • Flooring:Hardwood, Vinyl
  • Foundation Type:Block, Concrete
  • Rental Equipment:None
  • Exterior Type:Brick
Representative
Realty Executives of Sudbury Ltd., Brokerage
Office
Realty Executives of Sudbury Ltd. Brokerage
Tel: 705-586-3334
Website
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264 MacKenzie Street, Sudbury, Ontario, P3C4Y6

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