Discover this remarkable 24, 000 sq ft commercial-residential mixed-use property offering incredible income potential and a proven high return on investment. Situated in a prime location, this asset is a standout opportunity for seasoned investors and developers alike. Key Features:1. Outstanding Income Return:oCurrent net profit: $675, 557. 13 annually, equating to a 12. 75% net income return. oPost-conversion potential: $766, 182 annual net profit, yielding an enhanced 14. 45% net return. 2. High-Value Asset with Significant Upside:oAppraised at $7. 25M by a bank-approved appraiser. oMarket value projected to exceed $9M upon conversion to a 100% residential property. 3. Existing Configuration:o12, 000 sq ft of prime retail and office space. oResidential units: 4 studios, 8 one-bedroom apartments, and 8 two-bedroom apartments. 4. Conversion Potential:oAfter transformation, the property will feature 6 studios, 8 one-bedroom apartments, and 28 two-bedroom apartments, catering to high-demand residential needs. 5. Renovation Incentives:oGuaranteed renovation cost: Only $650, 000, after factoring in city-supported CIP grants and interest-free loans. oBoosted rental income: Conversion results in a $90, 625 annual increase in net rental income. 6. Favorable Financing Options:oCMHC loan eligibility upon issuance of building permits. oLoan covers 100% of conversion costs at a competitive 4% interest rate. Why This Property?With strong current returns, significant upside from planned conversions, and the city-backed incentives to minimize costs, this property represents a rare blend of high yields, manageable risk, and long-term value appreciation. Don't miss this exceptional investment opportunity in the thriving City of Sudbury. Contact us today for more details and to arrange a viewing!