2
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$3,999,900
Est. payment /mo
8 SqFt
Active
515 Niemi RD Greater Sudbury, ON P3Y 1G4
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Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 8 sqft
Price per Sqft $499,987
Subdivision Sudbury
MLS Listing ID X12163858
Annual Tax Amount $14,122
Tax Year 2024
Property Sub-Type Land
Lot Depth 599.96
Lot Front 975.77
Property Description
Approximately 8 acres of land designated for Low and Medium Density Residential use including LONG TERM CARE HOMES. Preliminary discussions with the City suggest the potential for a total of 126 residential units, including 6 detached homes and 4 low-rise apartment-style buildings with up to 120 units, subject to municipal approvals. The property is situated next to a community centre and surrounded by residential homes and apartment buildings. Hydro, water, and sewer services are available from nearby roads. The site may allow for a mix of residential development and accessory structures, depending on zoning and planning permissions. Vendor Take Back (VTB) financing may be available, with terms to be negotiated. A local builder is also available to assist with future development if needed. Buyers are responsible for conducting their own due diligence regarding zoning, servicing, approvals, and potential uses. No representations or warranties are made by the seller or listing brokerage regarding future development potential.
Location
Province ON
County Greater Sudbury
Community Sudbury
Area Greater Sudbury
Exterior
Utilities Available Available
Lot Frontage 975.77
Lot Depth 599.96
Listed by EXP REALTY
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