P3B Land Properties for Sale

P3B Land for Sale

2059 Bancroft Dr

Sudbury, ON P3B 0G1

Land for Sale
$2,499,000 CAD
4.79 AC Lot

Sudbury Land for Sale

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.

Contact:

Mallette Goring Inc.

Property Subtype:

Commercial

Date on Market:

2026-01-23

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Land Properties for Sale Within 5 kilometers of P3B

944 Falconbridge Rd

Sudbury, ON P3A 5K8

Land for Sale
$1,299,999 CAD
1.07 AC Lot

Sudbury Land for Sale

944 Falconbridge Road offers a well-positioned development parcel in one of Ontario’s most dynamic and undersupplied rental markets. This fully serviced 1.07-acre site features direct frontage on Falconbridge Road, a key arterial connecting to major employment centers, retail amenities, and downtown Sudbury within a 10-minute drive. The property benefits from a successful rezoning to H68R4(11) high-density residential with reduced setback and parking requirements, minimizing planning risk and accelerating project timelines. The site is located within the Don Lita area, an established suburban region experiencing strong demand for modern housing options. Significant municipal and provincial incentives enhance financial returns, including up to 100% HST rebates, development charge reductions, and eligibility for tax increment equivalency grants under the Greater Sudbury Community Improvement Plan. Proximity to municipal water, wastewater, and storm infrastructure further supports cost efficiency. With historical low vacancy rates and sustained population growth in Greater Sudbury, this location positions investors and developers to capture high rental demand with reduced risk and a streamlined development process.