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:47423)
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Listed By
Sotheby's International Realty Canada, Brokerage (Gravenhurst Unit 4)
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Detailed Information
Lot
660 x 398 ft
Amenities Nearby
Airport, Schools
Features
Cul-de-sac
Listing Contract Date
2023-09-14
Location Description
Take Old Highway 69 in Hanmer to St. Michael Street, turn north and proceed to the end of the street. Land is on the North side of St Michael St & Timberglade Crt
Ownership Type
Freehold
Property Type
Vacant Land
Transaction Type
For sale
Zoning Description
R1-5
Building
Basement Type
None
Utility Water
Municipal water
Land
Total Size
7.128 acres
Access Type
Road access, Highway access
Acreage
Yes
Amenities
Airport, Schools
Sewer
Municipal sewage system
Size of Irregular Land
7.128
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