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    124 Cedar Street, Greater Sudbury, ON P3E 1B4

    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    124 Cedar Street, Greater Sudbury, ON P3E 1B4
    For Sale Cancelled Residential Freehold

    124 Cedar Street, Greater Sudbury, ON P3E 1B4

    $6,988,888

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    124 Cedar Street, Greater Sudbury, ON P3E 1B4, Greater Sudbury, ON
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      Bath 42

    Discover this remarkable 24,000 sq ft commercial-residential mixed-use property offering incredible income potential and a proven high return on investment. Situated in a prime location, this asset is a standout opportunity for seasoned investors and developers alike.Key Features:1.Outstanding Income Return:oCurrent net profit: $675,557.13 annually, equating to a 12.75% net income return.oPost-conversion potential: $766,182 annual net profit, yielding an enhanced 14.45% net return.2.High-Value Asset with Significant Upside:oAppraised at $7.25M by a bank-approved appraiser.oMarket value projected to exceed $9M upon conversion to a 100% residential property.3.Existing Configuration:o12,000 sq ft of prime retail and office space.oResidential units: 4 studios, 8 one-bedroom apartments, and 8 two-bedroom apartments.4.Conversion Potential:oAfter transformation, the property will feature 6 studios, 8 one-bedroom apartments, and 28 two-bedroom apartments, catering to high-demand residential needs.5.Renovation Incentives:oGuaranteed renovation cost: Only $650,000, after factoring in city-supported CIP grants and interest-free loans.oBoosted rental income: Conversion results in a $90,625 annual increase in net rental income.6.Favorable Financing Options:oCMHC loan eligibility upon issuance of building permits.oLoan covers 100% of conversion costs at a competitive 4% interest rate.Why This Property?With strong current returns, significant upside from planned conversions, and the city-backed incentives to minimize costs, this property represents a rare blend of high yields, manageable risk, and long-term value appreciation.Don't miss this exceptional investment opportunity in the thriving City of Sudbury.

    Property Highlights

    For Sale
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      MLS NO.

      X11881202

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      Type

      Residential Freehold

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      Sub Type

      Other

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      Bathrooms

      42

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      Parking

      48.0

    Complete Property Details

    Property Type Residential Freehold
    Sub Type Other
    Transaction Type For Sale
    Status Cancelled
    Contract Status Unavailable
    MLS® Number X11881202
    Living Area Range 5000 +
    Total Bedrooms 0
    Total Bathrooms 42
    Total Kitchens 0
    Rooms Above Grade 42
    Interior Features Accessory Apartment, Built-In Oven
    Fireplace No
    Central Vacuum Yn No
    Construction Aluminum Siding, Concrete
    Roof Flat, Tar and Gravel
    Parking Features Covered
    Parking Total 48.0
    Covered Spaces 0.0
    Garage Type Other
    Pool None
    Direction Facing South
    Heat Source Electric
    Heat Type Baseboard
    Internet Address Display Yn Yes
    Internet Entire Listing Display Yn Yes
    Full Address 124 Cedar Street, Greater Sudbury, ON P3E 1B4
    City Greater Sudbury
    Neighbourhood Sudbury
    County / Region Greater Sudbury
    Province / State ON
    Postal Code P3E 1B4
    Cross Street Lisgar St.
    Country CA
    List Price $6,988,888
    Annual Taxes $59,794
    Tax Year 2024
    Legal Description Lt 113 Blk A Pl 3Sa Mckim; Pt Lt 114 Blk A Pl 3Sa
    Listing Office BAY STREET GROUP INC.
    Board Toronto Regional Real Estate Board
    Original Entry 2024-12-04T18:05:22Z
    Media Updated 2024-12-04T18:05:22Z
    Photos Updated 2024-12-04T18:05:22Z
    Last Modified 2025-05-21T13:28:02Z
    System Modified 2025-10-12T08:08:45.532297Z
    MLS Status Terminated
    Architectural Style Other
    Ddfyn Yes
    Expiration Date 2025-12-02
    Foundation Details Unknown
    Heat Source Multi Electric
    Heat Type Multi Baseboard
    Hstapplication No
    Occupant Type Tenant
    Originating System Id A00001796
    Parcel Number 735840106
    Parking Spaces 6
    Public Remarks Discover this remarkable 24,000 sq ft commercial-residential mixed-use property offering incredible income potential and a proven high return on investment. Situated in a prime location, this asset is a standout opportunity for seasoned investors and developers alike.Key Features:1.Outstanding Income Return:oCurrent net profit: $675,557.13 annually, equating to a 12.75% net income return.oPost-conversion potential: $766,182 annual net profit, yielding an enhanced 14.45% net return.2.High-Value Asset with Significant Upside:oAppraised at $7.25M by a bank-approved appraiser.oMarket value projected to exceed $9M upon conversion to a 100% residential property.3.Existing Configuration:o12,000 sq ft of prime retail and office space.oResidential units: 4 studios, 8 one-bedroom apartments, and 8 two-bedroom apartments.4.Conversion Potential:oAfter transformation, the property will feature 6 studios, 8 one-bedroom apartments, and 28 two-bedroom apartments, catering to high-demand residential needs.5.Renovation Incentives:oGuaranteed renovation cost: Only $650,000, after factoring in city-supported CIP grants and interest-free loans.oBoosted rental income: Conversion results in a $90,625 annual increase in net rental income.6.Favorable Financing Options:oCMHC loan eligibility upon issuance of building permits.oLoan covers 100% of conversion costs at a competitive 4% interest rate.Why This Property?With strong current returns, significant upside from planned conversions, and the city-backed incentives to minimize costs, this property represents a rare blend of high yields, manageable risk, and long-term value appreciation.Don't miss this exceptional investment opportunity in the thriving City of Sudbury.
    Showing Requirements Go Direct, List Salesperson
    Street Name Cedar
    Street Number 124
    Street Suffix Street
    Vendor Property Info Statement Yes
    Washrooms Type1 42
    Washrooms Type1 Pcs 0