0 Glen Street, Greater Sudbury

Overlooking both Lake Ramsey and Minnow Lake, this property rises dramatically from the landscape to offer premium panoramic views. The approximately 11 acres of vacant development land is situated in a desirable neighbourhood in urban Sudbury with trails, recreation facilities, and shopping areas nearby. 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 development package. (id:1945)