Message Number413284
Subject Line90,000 SQ.FT. Office Tower For Sale
Business area
Northern Ontario
Location, CitySudbury
Business categoryCommercial Buildings/Hotels/Motels
Date of ListingFebruary 24 2023
Type DescriptionCommercial Mix Office Tower Ideal for Multifamily Conversion
Location30 Cedar Street, Sudbury, Ontario
Size86,225 SF
ZoningC6 - Downtown Commercial
CommentsBuilt in 1980, 30 Cedar Street is a landmark eight storey office tower located in Sudbury's Downtown Core. Well-maintained and centrally located with stunning views in all directions, this building offers almost 90,000 square feet of gross leasable area and includes Scotiabank as an anchor Tenant. While this building could remain offering office and retail uses, it may be an ideal candidate as a multi-residential conversion, as the property is situated in close proximity to the McEwen School of Architecture, shopping, restaurants and public transit for easy access to all of Greater Sudbury. The sale includes the adjacent 0.5 acre parking lot with 65 parking stalls, as well as an underground parking garage with 21 stalls. Located in the Downtown Sudbury Business Improvement Area, the building is free from development charges, and could have access to various financial incentives through the City?s Strategic Core Areas Community Improvement Plan. C6 Zoning allows for a wide range of uses including retail, office, medical, residential and more. Recent upgrades include new LED lighting (~2021) and heated parking garage ramp (~2018). Call the listing broker for further property information.
Internet Links
Client DetailsInvestment Broker
Passive Investor
Active Investor
Time Factors, Drop Dead Dates2 Business Day Irrevocable on all Offers
NameCassandra Beach
TitleSales Representative
Company NameRoyal LePage North Heritage Realty, Brokerage
Address Line One860 Lasalle Blvd.
Zip/Postal CodeP3A 1X5
Business Phone Number(705)688-0007
Cell Number7058223833
Email AddressSend Email
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