2059 Bancroft Drive, Greater Sudbury, ON P3B 1T1, Greater Sudbury, ON
4.79 sqft
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. **INTERBOARD LISTING: SUDBURY REAL ESTATE BOARD**
Property Highlights
For Sale
MLS NO.
X12798630
Type
Commercial
Sub Type
Investment
Square Footage
4.79 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Investment
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
X12798630
Security Features
No
Lot Width
100.0
Lot Size
4.79
Lot Size Units
Acres
Garage Type
Outside/Surface
Cooling
Yes
Heat Type
Other
Internet Address Display Yn
No
Internet Entire Listing Display Yn
No
Full Address
2059 Bancroft Drive, Greater Sudbury, ON P3B 1T1
City
Greater Sudbury
Neighbourhood
Sudbury
County / Region
Greater Sudbury
Province / State
ON
Postal Code
P3B 1T1
Cross Street
BANCROFT DR. and SECOND AVENUE
Directions
BANCROFT DR. and SECOND AVENUE
List Price
$2,499,000
Annual Taxes
$11,378
Tax Year
2025
Legal Description
PIN 73577-0505 LT:PCL 13112 SEC SES; PT LT 11 CON 3 NEELON AS IN LT73978 GREATER SUDBURY PIN 73577-0556 LT: PCL 5691 SEC SES; PT LT 11 CON 3 NEELON AS IN LT32732 EXCEPT LT73978,LT92806, LT136845; S/T D295 GREATER SUDBURY
Possession Type
Flexible
Possession Details
TO BE NEGOTIATED WITH BUYER
Listing Office
MALLETTE-GORING INC.
Board
Toronto Regional Real Estate Board
Original Entry
2026-02-18T18:33:12Z
Media Updated
2026-02-18T18:34:55Z
Photos Updated
2026-02-18T18:34:55Z
Last Modified
2026-02-18T18:35:02Z
System Modified
2026-02-18T18:35:02.46987Z
MLS Status
New
Basement Yn
No
Ddfyn
No
Expiration Date
2026-07-15
Heat Type Multi
Other, Radiant
Hstapplication
In Addition To
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
735770505
Public Remarks
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. **INTERBOARD LISTING: SUDBURY REAL ESTATE BOARD**
