1
  • X12163858
  • MLS® Number
  • Property Type
  • Land, Commercial
  • Acres
  • Land Area
  • 8.758 Sqft
  • Area Size

515 Niemi Road, Greater Sudbury, ON P3Y 1G4

  • $3,999,900

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.

Details

MLS® Number X12163858
Property Size 8.758 Sqft
Updated on May 21, 2025 at 9:08 pm

Additional details

  • Utilities: Available
  • Sewer: None
  • County: Greater Sudbury
  • Property Type: Commercial Sale

Address

  • Address: 515 Niemi Road
  • City: Greater Sudbury
  • State/county: ON
  • Zip/Postal Code: P3Y 1G4

Contact Information

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