Mallette Goring

 
Commercial Listing
Featured For Sale
9 months ago
663
MLS#
2112147
TAX / CAM
$10,474.47 (estimate)
Zoning
R3-1

Listing Brokerage
Mallette-Goring Inc.
Status
Active
Commercial Property Type(s)
Commercial Investment, Multi-Unit Residential, Vacant Land

Overlooking both Lake Ramsey and Minnow Lake, this property rises dramatically from the landscape to offer premium panoramic views. The 11 acres of vacant development land is situated in a desirable neighbourhood in urban Sudbury with nearby trails, recreation facilities, and shopping areas. This property was described by City staff in a Planning Committee report as “Well situated for residential development in an established residential area with accommodating land use regulations, access, and municipal services available at lot line, capable of accommodating 400+ multiple dwelling units". Draft Plan of Condominium approval for Phase 1 of the development was recently extended to April 24, 2025, and supports a six-level 78-unit condo building. The property also has a 2014-updated site plan control agreement in place for Phase 1. R3-1 medium-density residential zoning is in place to support further development through Phases 2-4, and up to 396 condos/apartments on the property. City mapping shows a 250mm watermain, 200mm wastewater main, 300mm stormwater main, and road connections at the site that were constructed in the early 2010s to accommodate development and valued at $1,100,000 in 2016. Considering the booming mining economy and historic low vacancy in Greater Sudbury, this property represents an incredible investment opportunity. Please reach out and complete the Confidentiality Agreement for the full listing brochure and development package.

Confidentiality Agreement - Please click and sign for the brochure

Location
LOCATION INFO:
Geographic Area
Minnow Lake
Lot Size
11.425 acres
Video Tour

Building Specs
Elevator Access
Wheelchair Accessible
Security System
Furnished
Municipal Water
Municipal Sewer
Building Age
Electrical Service
Heating Type
Foundation Type
Roof Type

Loading Info
Overhead Crane Type
Loading Door Type
Door Height
Ceiling Height


Financial Projections
Chris Tammi

Broker of Record

Mallete-Goring Inc.

705******* 705.822.6123