944 Falconbridge Road

Greater Sudbury P3A 5X8

Prime apartment or condo development opportunity at 944 Falconbridge Road in Sudbury. Situated on approximately 1.07 acres with 308 feet of frontage on Falconbridge Road, this fully entitled 52-unit, 5-storey apartment project is zoned H68R4(11) High-Density Residential with Special Permissions and significant due diligence work advanced to date. With over $600,000 already invested to reduce development risk and accelerate execution, and City-funded lift station upgrades already underway, next steps should be Site Plan Control and construction. Stacked government incentives include a 100% HST rebate, 50% reduction in development charges, and eligibility for the City of Greater Sudbury's Corridor Tax Increment Equivalent Grant. The site has excellent transit access and is strategically located near major employment hubs including established mining operations, healthcare, educational institutions, Silver Hills, and the New Sudbury Centre. Positioned in one of Northern Ontario’s tightest rental markets, with approx. 1.1% vacancy and low unemployment, investment is supported by strong projected long-term rental demand. A rare opportunity for builders and developers seeking a short run-way to build in a high-demand market. (id:2493)