LaSalle Blvd Plaza is located in the North-East area of Sudbury, ON known as New Sudbury. The property is irregular in shape and the front of the property is approximately 238 feet on LaSalle Boulevard. The plaza has 9 units across 32,334 SQ.
Sudbury – LaSalle Blvd Plaza
1855 LaSalle Blvd | Sudbury, Ontario
Total Units: 9
Total SQ: 32,334
Neighbourhood/Location
The property is situated in the good quality mixed residential/commercial district known as New Sudbury. The downtown core is the centre of business for Sudbury and the property is located just outside the downtown core area. The property is located near major educational institution Cambrian College which is to the north. New Sudbury is approximately 342 kilometres north of the City of Toronto business district.
Greater Sudbury is located in Ontario, Canada, and is the largest city in Northern Ontario. Greater Sudbury is located just North of Lake Huron and is approximately 480 kilometres west of Ottawa. Major arterial routes include Highway 17, Highway 69, Highway 144, and Highway 537.
Greater Sudbury has a population of approximately 161,530± residents. Greater Sudbury was formed in early 2001 by merging the cities and towns of the former Regional Municipality of Sudbury with several previously unincorporated geographic townships. Nickel Centre was one of the towns which consisted of several communities, including Coniston, which existed from 1973 to 2000. It is the largest city in Northern Ontario by population and the 24th largest metropolitan area in Canada. By land area, it is the largest city in Ontario and the seventh largest municipality by area in Canada. Sudbury, as it is commonly known, is administratively separate and thus not part of any district, county, or regional municipality.
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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.
Sudbury’s economy was dominated by the mining industry for much of the 20th century. Mining now employs only 6,000 people in the city, although the mining supply and service sector employs a further 10,000. By 2006, 80% of Greater Sudbury’s labour force was employed in services with 20% remaining in manufacturing. A large number of mining supply and service companies are located in Sudbury. This includes a number of public and private firms pursuing research and development in new mining technologies While mining has decreased in relative importance, Sudbury’s economy has diversified to establish itself as a centre of finance, business, tourism, health care, education, government, and science and technology research. Major employers within Sudbury include Vale, Health Sciences North, Sudbury Tax Services Office, and Laurentian University.