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124 Cedar St, Sudbury, ON

Name: 124 Cedar St, For Sale in Sudbury - eXp Realty
Brand: ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE
SKU: 2126803
Price: 6800000 CAD

Real Estate

For Sale

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MLS® 2126803

Key Facts
Description
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Key Facts

Type Mixed Use

Levels Commercial Sale

Size -

Garage No

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Days Active 8

Approx. Age

MLS® Number 2126803

Property Address: 124 Cedar St, Sudbury, ON, P3E1B4

Average square foot calculated using Size range provided by listing agent.

Description

124 Cedar St, Prime Sudbury Investment Opportunity! Perfectly located in the heart of Downtown Sudbury, 124 Cedar St presents a rare turn-key investment opportunity with strong and reliable cash flow. The building offers approximately 24, 000 sq ft across four levels. The first and second floors currently feature restaurant and office spaces, providing stable commercial tenancy potential. The third and fourth floors contain 20 luxury residential units, including studio, one-bedroom, and two-bedroom apartments, designed to attract quality tenants in Sudbury’s growing downtown rental market. According to a professional market evaluation, the property also presents a compelling value-add opportunity. If the first and second floors were converted into approximately 22 additional residential units, the projected market value of the property could increase to approximately $10, 150, 000, while the estimated renovation cost is expected to be under $1, 000, 000, offering significant upside potential for investors. Zoned C6 – one of the City of Greater Sudbury’s most flexible commercial designations, the property allows for a wide range of permitted uses, including commercial, office, and multi-residential development, providing both immediate income and long-term redevelopment flexibility. Strategically located in a high-traffic downtown corridor, the property benefits from convenient access to public transit, municipal parking, government offices, hotels, restaurants, Place des Arts, and Laurentian University, making it highly attractive for both commercial and residential tenants. An exceptional opportunity to acquire a mixed-use asset with strong cash flow and significant future upside in one of Sudbury’s most dynamic and rapidly evolving areas. Contact us today for financial details and to arrange a private viewing! (id:58753)Show Description

MLS® Number2126803

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GarageNo

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For listings in Canada, the trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.