Business For Sale · Office

2381 Mallards Landing Drive, Sudbury

2381 Mallards Landing Drive, Sudbury, ON P3E6A2

$1.3M total

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Asset Class

Office

Size

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Building class

B

Zoning

CB2 — Central Business

$ / SF

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Occupancy

85%

About this property

2381 Mallard’s Landing Drive features a spacious 4-bedroom home attached to a commercial office space currently occupied by medical professionals with 9 individual offices totaling approximately 1200 square feet. Ideally located at the corner of Mallard’s Landing Drive and Regent Street, the commercial space offers shared reception/waiting area, internet, washrooms, kitchenette, and ample on-site parking. Ideal for medical professionals, small businesses, or investors seeking rental income. The seller perfers to remain as a tenant, continuing to operate his chiropractic practice from two office rooms, and rent can be negotiated. The home is rented to tenants in a lease till December 2026, rent is $2400. The commercial space brings in a total of $4,550 and has a vacant room for rent for an estimated total of $8,550 in rental income. This is truly a versatile property offering excellent potential for both residential living and commercial income! (id:66811)

Financial sandbox

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Estimate
Purchase price$1.25M
Down payment30% · $375K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$59K

Annual cash flow

$-10K

Cash-on-cash

-2.77%

DSCR

0.85

Going-in cap

4.71%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

105,323

Households

44,588

Median income

$103,000

Median age

33.1

Daytime population

121,532

5-yr growth

1.5%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 2381 Mallards Landing Drive, Sudbury.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.