Property Information:
Opportunities like this only come once in a while. This revenue streaming complex with 8 residential units sits on 1.3-acres of land. Fronting on the corner of Highway 144 and Leroux Street in Chelmsford, Ontario (Greater Sudbury). The building has six 3-bedroom units, one 2-bedroom unit and a bachelor apartment. So much potential with this property for future development. The current owners have been talking with the municipality about building two 30-unit apartment buildings on the property. You could potentially build the first 30 unit building beside the 8 unit building to continue to collect the revenue, and once the 30 unit is built and occupied, remove the 8 unit building and build your second 30-unit apartment complex.
