693 Mead Boulevard, Espanola, ON
Property Highlights
Welcome to this remarkable vacant land located in the coveted neighborhood of Espanola. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $550,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 65.62 x 797.24 ft lot size
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.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 693 Mead Boulevard, Espanola, ON P5E 1L7
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About Purchasing a Home in Espanola, ON
For a property listed at $550,000 in Espanola, the legal minimum down payment is $30,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $7,475 for this transaction. As this listing is in Espanola (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $7,475.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.