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869-899 Kingsway, Sudbury, Ontario, P3B 2E4

MLS® # 2123349
Commercial For Sale In Sudbury, Ontario
$2,800,000

None Beds

869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
869-899 Kingsway, Sudbury, ON
  • Advertising
869-899 Kingsway, Sudbury, Ontario, P3B 2E4
$2,800,000

Property Information:

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:27)

Building Features:

  • Style: Retail
  • Building Type: Commercial Mix
  • Amenities: Air Conditioning, Separate Heating Controls, Separate Hydro Meters
  • Exterior Finish: Brick, Siding, Stucco
  • Fire Protection: Alarm system, Smoke Detectors
  • Flooring Type: Concrete, Tile, Vinyl
  • Foundation Type: Concrete Slab
  • Roof Material: Membrane
  • Roof Style: Unknown
  • Heating Type: Forced air, Overhead Heaters, Baseboard heaters
  • Cooling Type: Partially air conditioned

Property Features:

  • OwnershipType: Freehold
  • Property Type: Retail
  • Access Type: Year-round access
  • Fence Type: Not fenced
  • Road Type: Paved road
  • Storage Type: Unknown
  • Zoning: C2, C2 Special
  • Sewer: Municipal sewage system
  • Parking Type: Shared

Courtesy of: RE/MAX CROWN REALTY (1989) INC., BROKERAGE (SUDBURY)

REALTOR.ca  

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Market Price Trends

All Properties

-3.36%

Price change (1 year)

49.05%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 869-899 Kingsway, Sudbury, Ontario, P3B 2E4

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

30 hot days expected in 2050

Projected Precipitation Risk: Moderate

14 storms expected in 2050

Projected Heat Risk: Moderate

30 hot days expected in 2050

43/100

Moderate

ClimateCheck®

Current data

This property, 869-899 Kingsway , experiences 7 hot days per year at around 29.8 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 30 hot days at 33.1 degrees Celsius.

Projected Avg. Temperature

Past
29.8℃
2050
33.1℃

# Hot Days Per Year

Past
7
2050
30

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate

14 storms expected in 2050

58/100

Moderate

ClimateCheck®

Current data

This property, 869-899 Kingsway , experiences 11 significant 2-day storms per year, with about 294.9mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 373.7mm of precipitation per year.

Precipitation Per Storm

Past
294.9mm
2050
373.7mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 869-899 Kingsway, Sudbury, Ontario, P3B 2E4

Life Stage

Young Couples

Employment Type

Mixed

Average Household Income

$101,879.98

Average Number of Children

1.67

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

18.43 %

High school certificate or equivalent

27.08 %

Apprenticeship trade certificate/diploma

6.21 %

College/non-university certificate

38.21 %

University certificate (below bachelor)

0.16 %

University Degree

9.91 %

Commuter

Travel To Work

By Car

96.49 %

By Public Transit

2.23 %

By Walking

0.26 %

By Bicycle

0.0 %

By Other Methods

1.02 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

24.45 %

Houses

75.55 %

Own Vs. Rent

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