Homula Realty Brokerage
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2233 Radar Road, Greater Sudbury, ON P3P 0B4

Sale Of Business
$13,500,000

EXPERIENCE LEGENDARY OWNERSHIP AT EAGLE VALLEY!A rare opportunity to acquire one of Northern Ontario's most unique large-scale, income-producing properties. Once part of the historic CFS Falconbridge Radar Base, Eagle Valley has been transformed into a thriving mixed-use residential and commercial community offering stable income, extensive infrastructure and significant future development potential. Set across approximately 630 acres, Eagle Valley is home to approximately 380 residents and currently features 110 residential sites, 12 commercial/industrial units and approximately 50,000 sq. ft. of warehouse and storage space. The residential component offers a diverse mix of homes, apartments and year-round mobile home sites, with many long-term tenants. Many rents remain below current market levels, presenting potential income upside. The property is professionally managed with an on-site office, dedicated staff and a full-time maintenance team. Eagle Valley operates much like its own community, with privately maintained infrastructure including water and sewer systems, streets, fire hydrants, recreational facilities and utility distribution. Beyond its existing income, the property offers substantial development potential, including the possibility of adding approximately 75 additional residential units, expanded self-storage, potential severance of approximately 125 acres for estate lots, blueberry harvesting, and additional commercial opportunities. Located at 2233 Radar Road, Eagle Valley combines peaceful country living with convenient access to Greater Sudbury, Hanmer, Garson and the Greater Sudbury Airport.Stable income. Significant acreage. Diverse revenue streams. Exceptional development potential. A truly one-of-a-kind Northern Ontario investment opportunity. See my website for complete descriptive overview.

MLS number
X13765946
Type
Sale Of Business
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
P3P 0B4
Photos
32
Property tax
$91,615 / year
1days · this listing
1days · this property

This property has not been relisted in the last two years, so both counts are the same. Where they differ, the second adds up earlier listings at this address that ended without a sale.

Listing history

No previous listings found for this address.

Where this home is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 1,007 people.

$104,000Median household income
66.3%Own their home
73.7%Detached houses
42.8Median age
0%Born outside Canada
7.8%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35530263 — the few blocks around this address, home to 1,007 people. It describes the area, not this property.

1,007Population
40.9Average age
2.7Household size
$100,400Average household income
$104,000Median household income
66%Own their home
34%Rent
0%Condominiums
0%Born outside Canada
8%University degree
$432,000Average home value
7%Low income
44%Not in the labour force
28%Never married
$10,000 to $14,9991%
$15,000 to $19,9991%
$20,000 to $24,9992%
$25,000 to $29,9991%
$30,000 to $34,9992%
$35,000 to $39,9991%
$40,000 to $44,9992%
$45,000 to $49,9992%
$50,000 to $59,9993%
$60,000 to $69,9994%
$70,000 to $79,9996%
$80,000 to $89,9993%
$90,000 to $99,9994%
$100,000 and over35%
$100,000 to $124,99912%
$125,000 to $149,9997%
$150,000 to $199,9998%
$200,000 and over8%

Percentages are of the 565 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$2,700,000 · minimum here is $2,700,000
$59,775.08per month
Borrowed before insurance$10,800,000
Total borrowed$10,800,000
Interest over 25 years at 4.5%$7,132,524

If you rented it out

Monthly rent starts from a rule of thumb — two per cent of the asking price a year — because no comparable lease was found nearby. Change it to anything you like.

-$44,909.66per month out of pocket
Rent$22,500.00
Everything it costs to hold$67,409.66
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by Narozanski North Realty Inc. Listing data provided by the Toronto Regional Real Estate Board.