$1,499,000
Sudbury
Sudbury, Ontario, P3E3Z7
This lot in Sudbury is for sale. It has been on the market 2 days, fresher than the Sudbury average of 76 days.
This development property, spanning approximately 2.66 acres (as per Geowarehouse), is situated at the prominent corner of Regent Street South and Telstar Ave in Sudbury's sought-after South End, and is one of the last remaining large development properties in the area. The site features 518 feet of high-visibility frontage on Regent and is accessible via a signalized intersection, ensuring safe and convenient entry. Its strategic position directly across from the Holiday Inn—one of Sudbury's busiest hotels—and adjacent to the main entrance into the Moonglo subdivision, a premier high-end residential community with nearly 1,000 homes, guarantees exceptional exposure, prestige, and easy access for future residents or commercial tenants. The Seller has completed conceptual site plans and building designs for a 6-storey, 116-unit building (including 114 residential units and 2 commercial spaces), featuring a desirable mix of 1-bedroom, 2-bedroom, and 2-bedroom plus den models. The proposed development includes modern amenities such as underground parking, but also includes surface parking. Documents in the listing Broker’s possession include a survey, topo drawing, conceptual site plan, block schematic floor plans, and conceptual building drawings. The property may be eligible for rezoning to accommodate a range of commercial or mixed-use developments—such as retail plazas, professional offices, or upscale live/work spaces—subject to municipal approval. (id:66096)
Features and services as supplied by the listing brokerage.
Just listed: 2 days on market, against an average age of 76 days across the listings currently for sale in this city
This vacant land in Sudbury has been listed for 2 days, which is 74 days fresher than the city average of 76. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,499,000, about 17.6× the local median household income of $85,000.
Carrying it typically needs a household income of about $292,807 (20% down, 25-yr amortization, stress-tested) — roughly 244% above the area median.
Source: Statistics Canada, 2021 Census (FSA P3E)
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