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73 Elm St 15,229 SF 60% Leased Office Building Sudbury, ON P3C 1R6 $1,900,000 CAD ($124.76 CAD/SF) 7.89% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Access to public transit.
  • Recently renovated.
  • Heritage building.

EXECUTIVE SUMMARY

Fantastic real estate investment opportunity in the heart of downtown Sudbury. This solid classic heritage building has been extensively renovated from top to bottom in such a way as to retain its old world character and charm. It has been meticulously repurposed to create a distinctive urban office environment unlike anything we have seen here in Northern Ontario. From the originally high ceilings to the refinished hardwood floors to the exposed brick walls, this creatively designed open concept office space has always been in high demand and easy to rent. As part of the major renovations which took place between 2011 and 2013, a new elevator was installed as well as a new interior stairwell and roof top deck. Approximately 15,231 sq ft of net rentable space .

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
15,229 SF
Building Class
C
Year Built
1971
Price
$1,900,000 CAD
Price Per SF
$124.76 CAD
Cap Rate
7.89%
NOI
$150,000 CAD
Percent Leased
60%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
5,076 SF
Building FAR
1.94
Lot Size
0.18 AC
Zoning
C6 - commercial

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 101
  • 1,951 SF
  • Office
  • -
  • 30 Days

Great open-concept office space in a professionally renovated building on Sudbury's main downtown artery. This 1,951ft² unit is conveniently located on the ground floor and has storefront exposure to Elm Street. The entire building has been renovated in such a way as to retain its original character and charm!! Have a look, you won't be disappointed

  • 2nd Fl-Ste 201
  • 1,623 SF
  • Office
  • -
  • Now

Great open-concept office space in a professionally renovated building on Sudbury's main downtown artery. This 1,623ft² unit is on the second floor but has an elevator and stairwell access. It is available commencing March 1st of this year. The entire building has been renovated in such a way as to retain its original character and charm!! Have a look, you won't be disappointed

  • 3rd Fl-Ste 300
  • 4,519 SF
  • Office
  • -
  • Now
Space Size Space Use Condition Available
1st Fl-Ste 101 1,951 SF Office - 30 Days
2nd Fl-Ste 201 1,623 SF Office - Now
3rd Fl-Ste 300 4,519 SF Office - Now

1st Fl-Ste 101

Size
1,951 SF
Space Use
Office
Condition
-
Available
30 Days

2nd Fl-Ste 201

Size
1,623 SF
Space Use
Office
Condition
-
Available
Now

3rd Fl-Ste 300

Size
4,519 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 101

Size 1,951 SF
Space Use Office
Condition -
Available 30 Days

Great open-concept office space in a professionally renovated building on Sudbury's main downtown artery. This 1,951ft² unit is conveniently located on the ground floor and has storefront exposure to Elm Street. The entire building has been renovated in such a way as to retain its original character and charm!! Have a look, you won't be disappointed

2nd Fl-Ste 201

Size 1,623 SF
Space Use Office
Condition -
Available Now

Great open-concept office space in a professionally renovated building on Sudbury's main downtown artery. This 1,623ft² unit is on the second floor but has an elevator and stairwell access. It is available commencing March 1st of this year. The entire building has been renovated in such a way as to retain its original character and charm!! Have a look, you won't be disappointed

Walk Score®
Walker's Paradise (93)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 32996497

  • Date on Market: 2024-08-29

  • Last Updated:

  • Address: 73 Elm St, Sudbury, ON P3C 1R6

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