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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/Renovated
1971/2012
Price
$1,600,000 CAD
Price Per SF
$105.06 CAD
Cap Rate
9.38%
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
  • Build-Out
  • Available
  • 1st Fl-Ste 101
  • 1,951 SF
  • Office
  • Partial Build-Out
  • 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
  • Partial Build-Out
  • 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
  • Partial Build-Out
  • Now

Fantastic leasing opportunity in a fully renovated office building formerly known as the “Muirheads Building “. This space consists of the entire third floor and features direct elevator access for staff and client convenience. It has been professionally renovated in such a way as to retain its original “old world “ charm and character. This space is a very open concept and features lots of existing leasehold improvements including private offices. , board room, lunch room, etc. in total, there is 4,519 sq ft of leaseable space being offered at $8.00 per sq ft net. ( CAM charges are an additional $11.41 per sq ft per annum ). Parking is readily available, see listing agent for details.

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

1st Fl-Ste 101

Size
1,951 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
30 Days

2nd Fl-Ste 201

Size
1,623 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

3rd Fl-Ste 300

Size
4,519 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

1st Fl-Ste 101

Size 1,951 SF
Space Use Office
Build-Out Partial Build-Out
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
Build-Out Partial Build-Out
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

3rd Fl-Ste 300

Size 4,519 SF
Space Use Office
Build-Out Partial Build-Out
Available Now

Fantastic leasing opportunity in a fully renovated office building formerly known as the “Muirheads Building “. This space consists of the entire third floor and features direct elevator access for staff and client convenience. It has been professionally renovated in such a way as to retain its original “old world “ charm and character. This space is a very open concept and features lots of existing leasehold improvements including private offices. , board room, lunch room, etc. in total, there is 4,519 sq ft of leaseable space being offered at $8.00 per sq ft net. ( CAM charges are an additional $11.41 per sq ft per annum ). Parking is readily available, see listing agent for details.

Exceptionally walkable
90/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
70/100
  • Listing ID: 32996497

  • Date on Market: 2024-08-29

  • Last Updated:

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

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