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
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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Peter Velentis

Peter Velentis

+1(647) 287-1509
$ 2,950,000
Est. payment | /mo

2 SqFt

Save
$ 2,950,000
Est. payment | /mo
Save

2 SqFt

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 2 sqft

Price per Sqft $1,475,000

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

Interior

Cooling Partial

Exterior

Community Features Major Highway, Recreation/Community Centre

Utilities Available Yes

Lot Frontage 326.0

Lot Depth 315.0

Others

ParcelsYN No

Listed by RIGHT AT HOME REALTY

Nearby Locations

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6 Bay View CT

Peter Velentis

"When you work with me, youère not just getting a realtor-youère gaining a trusted advisor whose expertise, innovative solutions, and steadfast commitment to your success make all the difference. Whether youère buying, selling, or investing, I am here to guide you every step of the way, ensuring that your real estate experience is both rewarding and stress-free."

+1(647) 287-1509

peter.velentis@lptrealty.com

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