515 Niemi Road Greater Sudbury, Ontario P3Y 1G4
$3,999,900
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. (id:61852)
Property Details
| MLS® Number | X12163858 |
| Property Type | Vacant Land |
| Community Name | Sudbury |
Building
| SizeInterior | 9 Ac |
Land
| Acreage | Yes |
| SizeDepth | 599 Ft ,11 In |
| SizeFrontage | 975 Ft ,9 In |
| SizeIrregular | 8.758 |
| SizeTotal | 8.758 Ac |
| SizeTotalText | 8.758 Ac |
| ZoningDescription | Institutional (1) |
https://www.realtor.ca/real-estate/28346262/515-niemi-road-greater-sudbury-sudbury-sudbury
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Wafa Mohamad
Salesperson
Nader Tohamy
Salesperson
4711 Yonge St Unit C 10/fl
Toronto, Ontario M2N 6K8
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May 23 2025 04:56:12
Toronto Real Estate Board
Exp Realty
