515 Niemi Road, Greater Sudbury, ON P3Y 1G4

Greater Sudbury P3Y 1G4 Ontario

MLS: X12163858

$3,999,900

Added 9 days ago | For Sale

Listed by: EXP REALTY

About Property

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.

Features

  • House Style:Land
  • Bathrooms:
  • Land Size: 975.77 X 599.96
  • Water:None
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:
  • Cross Street:Main St & Niemi Rd
  • Basement: ,
  • Possession Date:TBD
  • Annual Property taxes: $14122.06
  • Bedrooms:
  • Total Parking Spaces:0
  • Parking Places:0
  • Heating Type:
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12163858

About Agent
Prabhjot Singh
REALTOR®
(905) 867-2666 [email protected]
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