0 Christakos St Lot | Résidentiel | 10,52 ha | À vendre | 1 835 645 € | Greater Sudbury, ON P3B 3A5

For the first time in nearly one hundred years, this vacant development land in urban Sudbury is available for sale. 0 Christakos is ripe with potential for prospective residential apartments, condos, or housing developers. The property is designated Living Area 1 in the City of Greater Sudbury Official Plan, which the City sees as "the primary focus of residential development" and has multiple potential road and water/wastewater connection points. 0 Christakos is within walking distance of schools, shopping, grocery stores, restaurants, trails, Lake Ramsey, Bell Park, and downtown.
Greater Sudbury is currently in a period of historically low residential vacancy and low unemployment. Housing supply is in great need, and a 2023 City report identifies the need for 470 more apartments to reach a normal vacancy rate. The local mining industry is also booming, with new mines anticipated to open in the coming years. Lots of well-paid workers will be needed who will need somewhere to live, which should create even greater demand for apartments/condos. With the limited supply of serviced Living Area 1 land in Greater Sudbury, 0 Christakos represents an excellent opportunity for future residential development.