Pt Lot 11 Con 3 Capr, Sudbury Remote Area, Ontario P3P 0C4

Listed for:
$600,000
0 beds
0 baths
Listed 200 days ago
Pt Lot 11 Con 3 Capr, Sudbury Remote Area, Ontario P3P 0C4

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Listing provided by:
SOTHEBY'S INTERNATIONAL REALTY CANADA
MLS® number:
X6819208
Agent:
Andrea Durand
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About

This is an excellent residential development opportunity - 7.3 Acres of graded land. Sudbury is growing at an exponential rate. Multi-unit and single family dwellings are on the rise and in demand. In 2022 alone, the value of new projects in the Greater Sudbury area was $119 million, yielding 457 units of new housing. With the tremendous growth rate, there are continuous investment and employment opportunities in the Greater Sudbury area. Currently, Sudbury has permits in place for $86.6 million worth of new residential units, and growing. Zoned R1-5 and intended for Residential development use. The approved site plan offers a variety of opportunities and possibilities including 18 single family dwellings, with the possibility of developing multiple semi-detached, triplex and fourplex developments. Lot is in close proximity to St. Anne Catholic School. Site is already graded. Don't let this rare opportunity pass you by. (id:27476)

Property Highlights

Type
Cooling type
Heating fuel
Fireplace
No
Construction material
Parking space
Ownership Type
Amenities nearby
Highway, Recreation

Location

Summary

Here is an exceptional opportunity for residential development - a 7.3-acre parcel of land that has been graded. Sudbury is experiencing rapid growth, with an increasing demand for both multi-unit and single-family homes. In 2022, the Greater Sudbury area saw $119 million in new development projects, resulting in 457 new housing units. This growth has led to a wealth of investment and employment prospects in the area. Currently, there are permits in place for $86.6 million worth of new residential units, with more on the horizon. The property is zoned R1-5 for residential development and offers a range of possibilities, including the potential for 18 single-family homes, as well as semi-detached, triplex, and fourplex developments. The site is conveniently located near St. Anne Catholic School and has already been graded, making it an ideal opportunity for development. Don't miss out on this rare chance to invest in a rapidly growing area. (id:27476).

This property is currently on the market and offers a land size of 660 x 398 FT, with an irregular shape. It is conveniently located near highway access and recreational facilities. The property is situated on PT LOT 11 CON 3 CAPR in the city of Sudbury Remote Area, Ontario, with a postal code of P3P0C4.