693 Mead Boulevard, Espanola, ON P5E 1L7 – Espanola – $650,000

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Description

Strategic Development Opportunity 55 Acres Across from Espanola Hospital (Sudbury, Ontario). A rare opportunity to acquire 55 acres of prime development land directly across from the Espanola Regional Hospital on Queensway Boulevard -situated within one of the town’s most strategic and high-demand corridors. The property offers frontage on Queensway Boulevard and access via two fully municipally serviced roads, with streamlined permit access to water, sanitary sewer, stormwater, and electrical infrastructure already in place. With the **Town of Espanola prioritizing residential growth, especially senior, this site aligns seamlessly with municipal development goals and is ideally suited for: Senior-focused housing to accommodate a growing demographic, over 50 bungalow-style residential homes, and commercial space for healthcare, wellness centers, assisted living, and therapeutic services. Its proximity to the hospital makes it an ideal location for a health-oriented, age-friendly community, appealing to both local residents and those from the broader region. With full servicing and strong municipal support, this shovel-ready site offers developers and investors a unique chance to build a vibrant, sustainable residential and mixed-use community that addresses both present and future housing needs.

Property Details

• Property Type: Residential Freehold
• List Price: $650,000
• Tax Year: 2024
• Annual Taxes: $1,686