6 BAY VIEW COURT, West Nipissing (Sturgeon Falls), Ontario, P0H2M0

Property Description

New Price Reduction!. This creates an exceptional and rare investment opportunity to acquire a property that has 10 detached homes with waterfront land. The current homes are generating substantial revenue, so you can keep this property for long-term growth while exploring the redevelopment potential for a 45+ suite hotel! The property includes five separate lots (five PINs: PIN 490790239, PIN 490790992, PIN 490790228, PIN 490790240, PIN 490790992), currently featuring ten detached homes, one large and one smaller workshop, and approximately 350 feet of water frontage on Minnehaha Bay, part of Lake Nipissing, in Sturgeon Falls (approximately 3 hours north of the GTA). The site is within walking distance of downtown Sturgeon Falls and located approximately 20 minutes west of North Bay, 1 hour south of Sudbury, and roughly 3 hours north of the GTA. This unique location is fully serviced by all municipal utilities, already zoned to build a hotel, and has a clean Phase 1 report, making it an excellent candidate as a hotel site for future development or for additional residential units. Initial concept drawings are available on request. (id:64974)

Quick Facts

• Property Type: Multi-Family
• Bedrooms: None
• Bathrooms: None
• Living Area: 2 sq ft (0.2 m²)
• Attached: Yes
• Lot Size: 2.3000 acres (0.93 ha)
• Frontage: 326 ft (99.4 m)

Costs

• Annual Taxes: $7,218.00 (2024)

Listing Provided by: RIGHT AT HOME REALTY
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.