869-899 Kingsway, SUDBURY

2025-07-07
 

Quick Summary

Location
869-899 Kingsway, SUDBURY, Ontario P3B2E4
Price
$2,800,000 CAD
Status:
For Sale
Property Type:
Retail

MLS®#2123349

Property Description

Excellent mixed commercial mall on the Kingsway offered for sale. Owners have decided to sell this long held family asset. Demand for space in the property has always been high with a good mix of commercial tenants plus an apartment on the second floor of one area. This property has been well maintained with regular upgrades to keep units in terrific shape. New roof was installed this summer with refacing of one unit with several windows being replaced. Total square footage is approximately 11,882 square feet. Rents coming up for renewal with room to increase over time. Current rents are sightly below market so upside is there. Timing of lease renewals is laddered allowing for Landlord to adjust rents according to current market conditions. All units are currently rented. Vacancies have been rare. Financial statements and leases available upon signing a Non-disclosure agreement. History of improvement and upgrades available upon request. A superb investment opportunity with great cash flow. (id:32467)

Property Features

Building

  • Amenities: Air Conditioning, Separate Heating Controls, Separate Electricity Meters
  • Cooling Type: Partially air conditioned
  • Exterior Finish: Brick, Siding, Stucco
  • Fireplace: No
  • Flooring Type: Concrete, Tile, Vinyl
  • Building Type: Commercial Mix
  • Utility Water: Municipal water

Land

  • Land Size: 1 - 3 acres
  • Sewer: Municipal sewage system

Ownership

  • Type: Freehold

Storage Type

  • Storage Type: Unknown

Zoning

  • Description: C2, C2 Special

Information entered by RE/MAX CROWN REALTY (1989) INC., BROKERAGE (SUDBURY)
Listing information last updated on: 2025-09-22 16:41:14


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