0 Christakos St - Residential LAND FOR SALE


Greater Sudbury, ON P3B 3A5 1,132,560 SF
$2,999,000 CAD
249-805-9760
0 Christakos St, Greater Sudbury, ON for Sale
$2,999,000 CAD
Residential LAND - FOR SALE
1/11
1,132,560 SF

0 Christakos St
Greater Sudbury, ON P3B 3A5


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,999,000 CAD

PRICE/ACRE

$115,346/AC

PRICE/SF

$3 CAD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Apartment Units, Apartment Units - Condo, Single Family Residence

LAND ACRES

26 AC

LAND SF

1,132,560 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

FD

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Chris TammiMallette Goring Inc.More Info
249-805-9760

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Chris TammiMallette Goring Inc.More Info
249-805-9760

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.