Mallette Goring

 
Commercial Listing
Featured For Sale
8 months ago
211
MLS#
Exclusive
TAX / CAM
$12,371.42 (2023)
Zoning
FD - Future Development

Listing Brokerage
Mallette-Goring Inc.
Status
Active
Commercial Property Type(s)
Commercial Investment, Multi-Unit Residential
For the first time in nearly one hundred years, this vacant development land in urban Sudbury is available for sale. 0 Christakos is ripe with potential for prospective residential apartments, condos, or housing developers. The property is designated Living Area 1 in the City of Greater Sudbury Official Plan, which the City sees as "the primary focus of residential development" and has multiple potential road and water/wastewater connection points. 0 Christakos is within walking distance of schools, shopping, grocery stores, restaurants, trails, Lake Ramsey, Bell Park, and downtown.
Greater Sudbury is currently in a period of historically low residential vacancy and low unemployment. Housing supply is in great need, and a 2023 City report identifies the need for 470 more apartments to reach a normal vacancy rate. The local mining industry is also booming, with new mines anticipated to open in the coming years. Lots of well-paid workers will be needed who will need somewhere to live, which should create even greater demand for apartments/condos. With the limited supply of serviced Living Area 1 land in Greater Sudbury, 0 Christakos represents an excellent opportunity for future residential development.

Location
LOCATION INFO:
Geographic Area
Minnow Lake
Lot Size
26 acres (approximately)
Video Tour

Building Specs
Elevator Access
Wheelchair Accessible
Security System
Furnished
Municipal Water
Municipal Sewer
Building Age
Electrical Service
Heating Type
Foundation Type
Roof Type

Loading Info
Overhead Crane Type
Loading Door Type
Door Height
Ceiling Height


Financial Projections
Chris Tammi

Broker of Record

Mallete-Goring Inc.

705******* 705.822.6123