1212 Kingsway Unit# 50-55, Greater Sudbury

$1,750,000

0 Beds
0 Baths
747 X Irregular 5 Acres|3 - 10 acres

Excellent location for commercial or residential development with great visibility of this elevated property. Almost 20 acres, Seller will sell the entire parcel or a customized portion, severance at the Buyers expense, for ($350k at front, $250k at rear), per acre (contact LA re: development required to sever). Approx. 747 feet of frontage overlooking the Kingsway, a high traffic area above local restaurants, car lots, commercial buildings. Adjacent to new shopping development and Microtel Inn & Suites, backing onto Junction Creek Conservation land and Adanac Ski Hill. Spectacular views and visibility, see all the way up the Kingsway to downtown Sudbury. Property has been landscaped in almost all areas, gently rolling with tiers of levelled plateaus, wide gravel roads throughout, panoramic vistas from all areas, really a beautiful location for future developments. 2 entrances to access the property, on the west side, a gravel road at the Kingsway, on the east side, Silver Hills Drive, privately maintained, servicing Microtel Inn and a new commercial development, and terminating at our lot line. Property is currently used as multi-family, vehicle sales, but primary value is in the land for future development. Current residences and mixed use buildings include: Main residence built in 1963, a separate residence currently rented; a mobile home with garage currently rented; a duplex; additional mobile home used for office and storage; older garage with 3 bays; large quonset building used for storage. Property is serviced with hydro, municipal sewer and water, telephone. Natural gas has been brought up the hill, installed in adjacent property. Signage at the highway is owned. Financing or payment options are available to highly qualified buyer. (id:6289)

Essential Information
Listing #2081806
Price$1,750,000
Bathrooms0.00
Land Size747 X Irregular 5 Acres|3 - 10 acres
TypeVacant Land
Sub-TypeFreehold
Community Information
Address1212 Kingsway Unit# 50-55
CityGreater Sudbury
ProvinceOntario
Postal CodeP3B2E8
Amenities
AmenitiesPublic Transit, Shopping, Ski hill
ParkingOther
Listing Details
OfficeRE/MAX SUDBURY INC., BROKERAGE
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