For Sale: 144 Mountain Street, Greater Sudbury, ON - REW
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$119,999
0 bd • ba • sf • Land/Lot
144 Mountain Street
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$119,999
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144 Mountain StreetGreater Sudbury, ON, P3B 2R2

  • 0 Bed
  • Bath
  • Sqft
  • Land/Lot

About this home

Attention investors, builders, and developers! Rare opportunity to acquire a strategically located residential development site in the heart of Sudbury's growth corridor. 144 Mountain St offers the potential for a purpose-built triplex development featuring approximately 3,456 sq. ft. of living space across 3 modern residential units. Significant planning and design work has already been completed, with comprehensive architectural, structural, and mechanical drawings prepared, helping reduce development timelines and pre-construction costs. Established residential neighbourhood and aligned with the City's intensification objectives, this property presents an exceptional opportunity to capitalize on Sudbury's strong rental market and ongoing housing demand.(Almost 9% CAP rate) The proposed design emphasizes modern, energy-efficient construction, including premium features such as hydronic in-floor heating and spacious layouts designed to attract quality long-term tenants. Based on current market conditions, the project has been analyzed with strong rental income potential and attractive projected returns. Key highlights: • Development-ready residential lot • Proposed triplex design with appro. 3,456 sq. ft. of living space • Perit set (Architectural, structural, and mech.) available • Located within a designated growth and intensification area • Strong demand for quality rental housing in Sudbury • Excellent opportunity for investors seeking long-term cash flow and asset appreciation • Convenient access to downtown amenities, schools, transit, healthcare, and employment centres Whether you're an experienced developer looking for your next project or an investor to expand your portfolio with a purpose-built rental asset, 144 Mountain St presents a compelling opportunity in one of Northern Ontario's most resilient housing markets. Buyer to do their own due diligence regarding permits, development approvals, zoning, costs, and financial projections. (id:63626)
Listed by: PARIKSHIT PATEL, Salesperson, RED AND WHITE REALTY INC. BROKERAGE

Home facts and features

Price details
List Price
$119,999
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Home facts
Bedrooms
0
Full Bathrooms
Property Type
Land/Lot
Depth
IRR
Title
Freehold
Agent details
Primary Agent
PARIKSHIT PATEL
Primary Broker
RED AND WHITE REALTY INC. BROKERAGE
Listing details
Days on REW
8 Days
Property Views
35
MLS® Number
2128312
Source
Canadian Real Estate Association
Board
Sudbury Real Estate Board
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Amortization
25 Years
Interest Rate
3.99%

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Property Insights

ÉS du Sacré-Coeur
  • Catholic
  • 9 - 12
Marymount School
  • Catholic
  • 7 - 12
École publique Jeanne-Sauvé
  • Public
  • JK - 6
Sudbury Secondary School
  • Public
  • 9 - 12
É Sép St-Joseph
  • Catholic
  • JK - 8
Lansdowne Public School
  • Public
  • JK - 8
Mishko-deh-Wendam School
  • Public
  • 7 - 12
Queen Elizabeth II Public School
  • Public
  • JK - 6
Alexander Public School
  • Public
  • JK - 8
St David Catholic School
  • Catholic
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Salesperson
PARIKSHIT PATEL
Phone:
(647) 721-2579
Office:
519-804-9934
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.