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2059 Bancroft Dr 4.79 Acres of Commercial Land Offered at $2,499,000 CAD in Sudbury, ON P3B 0G1
INVESTMENT HIGHLIGHTS
- Well-maintained fourplex constructed in 2016, comprising four self-contained 2-bedroom, 1-bath units delivering immediate and stable rental income.
- Dual frontage on Bancroft Drive and Second Avenue, property located outside Conservation Sudbury’s Regulation Area.
- Significant Development Density In-Place, zoning permits up to two apartment buildings totaling 60 units.
- Value-Add and Redevelopment Opportunity.
EXECUTIVE SUMMARY
Rare large-scale multi-family investment opportunity with cash-flowing fourplex. This urban development property includes a well-maintained four-plex, built in 2016, on an expansive 4.79-acre parcel in an established residential neighbourhood. The apartment building includes four single-storey self-contained 2-bedroom, 1-bath units, offering immediate and reliable rental income. The site appears to have excellent development potential, with mapping showing dual road frontages on Bancroft Drive and Second Avenue, the entire property located outside of Conservation Sudbury's Regulation Area, and multiple potential connection points for municipal services. The current site-specific zoning R3-1.D30(10), permits two apartment buildings with up to 30 units each. The owner has initiated a rezoning application to R3-1 to increase the number of units and flexibility in built form, with significant pre-development work and studies already completed. This opportunity is well-suited to investors seeking a cash-flowing asset with substantial redevelopment and value-add potential. Buyers to confirm zoning, density, and development possibilities with the appropriate authorities.
PROPERTY FACTS
| Price | $2,499,000 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 4.79 AC |
| Property Type | Land | ||
| Zoning | R3-1.D30(10) | ||
| Price | $2,499,000 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 4.79 AC |
| Zoning | R3-1.D30(10) |
1 LOT AVAILABLE
Lot
| Price | $2,499,000 CAD | Lot Size | 4.79 AC |
| Price Per AC | $521,711.90 CAD |
| Price | $2,499,000 CAD |
| Price Per AC | $521,711.90 CAD |
| Lot Size | 4.79 AC |
Well maintained four-plex situated upon 4.79 Acres, perfect for a redevelopment opportunity with current zoning allowing for two multifamily buildings and up to 30 units in each.
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2059 Bancroft Dr
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