CONSULTATION

Nickel District Apartments

323 Second Avenue North | Sudbury, Ontario

Nickel District Apartments, at 323 Second Avenue, is a wide walk-up style building offering a diverse mix of units to cater to various tenant needs. The property features 1 bachelor unit, 22 one-bedroom apartments, 87 two-bedroom units, and 4 three-bedroom suites.

The property boasts several attractive features such as varied suite styles, including townhouse-style units with separate entrances, terraces, balconies, high ceilings, and some units with two bathrooms. It also features a prime location near major national retailers such as Best Buy, Costco, and Home Depot, enhancing its appeal to tenants.

Total Units: 114

Total SQ: 254,390

Picture1
BLDG-D-From-NW-Looking-SE-With-Plants
BLDG-D-from-SW-Looking-E
BLDG-C-from-SE-Looking-N-at-Patios-Cropped
A1
06-Stair-rotated
05-Bathroom-rotated
04-E2-2-21-MBed-Looking-S
03-Bedroom-rotated
02-E3-9-30-kitchen
01-Kitchen

Neighbourhood/Location​

Boundaries: Nickel District Apartments is located in the east end of the City of Greater Sudbury. Boundaries can be loosely delineated by Kingsway to the north, Birmingham Drive to the east, Ramsey Lake to the south and Lonsdale Avenue to the west. Predominant Characteristics: This neighbourhood consists mostly of residential development separated into various smaller neighbourhoods, such as Minnow Lake and Adamsdale. The majority of the residential development is single detached dwellings with some larger apartment buildings scattered throughout. The neighbourhood contains the regional commercial centre, consisting of several box stores including Costco Wholesale, The Home Depot, Winner, Best Buy, Lowe’s. Minnow Lake is located in the subject neighbourhood. Some conservation areas around the lake provide residents with natural space for recreational activities like hiking. There are several schools in the neighbourhood including Adamsdale Public, Pius XII Catholic, and Ecole Separee Saint-Pierre. Nickel District Apartments is a converted high school and it has a large sport field directly behind it. There is also a large cemetery to the west. The Morel Family Foundation Park is located across the street, east from the property.

Property Management

Virtus Asset Management

Market Analysis

The City of Greater Sudbury serves as the regional capital of northeastern Ontario. Located 390 kilometres north of Toronto, 290 kilometres east of Sault Ste. Marie, and 483 kilometres west of Ottawa, Greater Sudbury occupies a central location in Ontario at the convergence of two major highways, Highway 69 South and Highway 17 (Trans-Canada Highway). The total area of the City of Greater Sudbury is 3,627 square kilometres including water bodies, making it the largest municipality in Ontario based on total area. The City of Greater Sudbury contains 330 lakes within its municipal boundaries. At 13,257 hectares in area, Lake Wanapitei becomes the largest city-contained lake in the world. Greater Sudbury’s urban core also boasts numerous lakes which are a valued natural amenity. Located in the heart of the city, Ramsey Lake provides public access that is only a few minutes walk from the downtown core.

A comparison to Ontario data based on the 2016 Census reveals that the City’s labour force profile has diversified significantly over the last few decades. Health care and social assistance industries employ 14.44% of Sudbury’s total labour force while the retail trade industry employs 12.20% of the labour force. Educational services round out the top three industries in Sudbury, employing 8.28% of Sudbury’s labour force. These percentages reflect Greater Sudbury’s position as a regional service centre for Northeastern Ontario, as well as the continued development of health care and education infrastructure.

Return Home