Sudbury, Ontario, P3E1B8
This office property in Sudbury is for sale.
Explore the opportunities for a solid investment at 65 Larch Street. For almost 40 years, this property has been one of Sudbury’s established medical destinations, offering pharmacy and medical laboratory services, along with a broad range of healthcare services—from cardiology to optometry. The building also features an on-site restaurant and other convenient amenities.The entire building has undergone an exterior facelift in recent years and is in excellent overall condition. Parking is available both on the street and in the landlord-owned rear parking lot, which currently provides approximately 80 spaces, with potential for a future multi-level parking structure.This property presents an excellent opportunity for an investor or an owner-user looking to occupy a portion of the building. The Seller has also secured a commitment from the City through the CIP program toward a potential multi-residential conversion involving floors two, three and four, or a combination thereof. Additional financial incentives may also be available. For the right qualified purchaser, the Seller may consider a Vendor Take-Back Mortgage with a reasonable down payment, at a competitive interest rate, for a term of up to five years. Terms are subject to negotiation and Seller approval. Contact the Listing Realtors for further details. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 100 days on market, against an average age of 76 days across the listings currently for sale in this city
This office in Sudbury is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $3,900,000, about 45.9× the local median household income of $85,000.
Carrying it typically needs a household income of about $761,807 (20% down, 25-yr amortization, stress-tested) — roughly 796% above the area median.
Source: Statistics Canada, 2021 Census (FSA P3E)
Pick a time that suits you. A verified local agent confirms within 24h.
Commercial lenders price on income, tenancy, and zoning rather than posted rates. Our partner mortgage brokers at iShopRates structure the file and shop lenders for you.
Inquire about financing →
