1212 Kingsway Unit# 50-55, Sudbury, Ontario
$3,900,000 - For Sale
Excellent location for potential commercial or residential with great visibility of this elevated property. Almost 20 acres with approx. 747 feet of frontage â€œoverlookingâ€� the Kingsway, a high traffic area above local restaurants, car lots and commercial buildings. Adjacent to new shopping development and Microtel Inn & Suites, and backing onto Junction Creek Conservation Authority land and Adanac Ski Hill. Spectacular views and visibility, you can 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, recently built and privately maintained, servicing Microtel Inn and a new commercial development, and terminating at our lot line. Potential to develop the gravel road from the Kingsway (we own the road, other parcels have rights of way) to transfer to the municipality, engineers and surveyors have already begun the process. 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: Split-level 4 bedrooms, 2 full baths; 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. Garbage pickup comes through the property and picks up at each residence. Signage at the highway is owned. Financing or payment options are available to highly qualified buyer.
- Property Address:1212 Kingsway Unit# 50-55, Sudbury, Ontario
- Property Type:Commercial
- Sewage Type:Municipal
- Structure Type:Other