About 402 Frood Road
Excellent investment opportunity with this commercial/residential building in a prime location. The main floor offers a flexible office layout with 7 offices, currently rented for $2,000/month on a triple-net basis (tenant also pays taxes, utilities, and insurance for the entire building). There is opportunity to increase rent. All interior office walls are non-load-bearing, allowing for maximum customization to suit future needs. The upper level, with a separate entrance, features two apartments: a 2-bedroom unit renting for $1,650/month and a loft-style open-concept apartment renting for $850/month, both on month-to-month leases, utilities included. The building is a former TD Bank, exceptionally well-built. Current owner occupies the main level and is willing to stay as a tenant for at least three more years, or vacate if buyer wishes to occupy. Vendor is also willing to consider a VTB (Vendor Take-Back) for qualified buyers. (id:6289)
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Features of 402 Frood Road
| Listing # | 2126342 |
|---|---|
| Price | $639,900 |
| Bathrooms | 0.00 |
| Acres | 0.00 |
| Type | Other |
| Sub-Type | Freehold |
Community Information
| Address | 402 Frood Road |
|---|---|
| City | Sudbury |
| Province | Ontario |
| Postal Code | P3C4Z8 |
Amenities
| Amenities | Shared Laundry, Shopping Area, Storefront, Vaulted Ceiling |
|---|---|
| Parking | Gravel |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Boiler |
|---|---|
| Fireplace | No |
| Has Basement | No |
Exterior
| Exterior | Brick |
|---|---|
| Roof | Other |
| Foundation | Block, Concrete |
Listing Details
| Office | RE/MAX CROWN REALTY (1989) INC., BROKERAGE (SUDBURY) |
|---|
