0 Remington Road, Sudbury

0 Remington Road is a rare opportunity to develop a large tract of land in the most desirable area of Greater Sudbury and a major transportation crossroads. Greater Sudbury has historically low residential vacancy and low unemployment. Industrial vacancy is almost zero, with lease and sale prices surging from a lack of supply coupled with growing demand. 0 Remington Road features a Draft Plan approved Industrial Subdivision in the South End of Greater Sudbury, located only a 3-minute drive from the intersection of the Trans-Canada (Hwy 17) and Highway 69 to Toronto. Total site area of approx. 20.08 hectares (49.6 acres), the lands for sale include two blocks for industrial development, approx. 5,87 sqm of road allowance and a 1,224 sqm stormwater management block. Required road construction is expected to benefit from a Cost-Sharing agreement with the City of Greater Sudbury, with a City contribution of $7,282,625 identified in the City’s Development Charge bylaw. The City’s new Employment Lands CIP TIEG Program will refund back 100% of the post-construction municipal tax increase for up to 10 years for industrial developments that meet certain criteria. Reach out today for more details and the full listing brochure that features the broad list of permissions for the property, servicing details and more, so that you can fully appreciate the value of this development opportunity. (id:1945)