The property has the potential for a mixed use residential/commercial development with residential apartments/condos and approx. 20,000 sq.ft of commercial/light industrial space, with a broad range of permitted uses and a variety of special site-specific allowances. The Site represents approx. 1.6 acres, plus the potential to acquire an additional approx 0.5 acres via a by-law approved option to purchase a portion of Alder Street from the City of Greater Sudbury. The property is exempt from Development Charges (DCs), and eligible for a Tax Increment Equivalent Grant and other incentives through the City's Strategic Core Areas Community Improvement Plans.