6 Bay View CT, West Nipissing, ON P0H 2M0
6 Bay View CT, West Nipissing, ON P0H 2M0
6 Bay View CT, West Nipissing, ON P0H 2M0
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Tyler Verheul

Tyler Verheul

+1(613) 797-0208
$2,950,000
Est. payment /mo
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Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Subdivision Sturgeon Falls

MLS Listing ID X12543974

Annual Tax Amount $7,218

Tax Year 2024

Property Sub-Type Investment

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 with excellent income and a good cap rate. The current homes are generating substantial revenue, so you can keep this property for long-term growth while exploring the redevelopment potential for an additional 10 small homes or up to 48 residential units or 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.

Location

Province ON

County Nipissing

Area Nipissing

Zoning commercial mix

Interior

Cooling Partial

Exterior

Parking Features Outside/Surface

Community Features Major Highway, Recreation/Community Centre

Utilities Available Yes

Building

Lot Description Lot

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Lited by RIGHT AT HOME REALTY

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Tyler Verheul

More buyers are choosing LPT Realty for one simple reason — results. With a focus on personalized service, expert guidance, and a modern approach to real estate, we make every step of the process smooth, smart, and stress-free. Discover what sets us apart.

+1(613) 797-0208

tyler@tylervproperties.ca

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6 Bay View CT

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