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    For Sale - 6 Bay View Court, West Nipissing, Ontario

    Est payment $14,166/mo
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    Views   3
    Time on Jump  272 day

    AI Summary *

    • Rare investment opportunity with 10 detached homes generating substantial revenue.
    • Waterfront land featuring approximately 350 feet on Minnehaha Bay.
    • Potential for redevelopment into additional homes or a hotel.
    • Located within walking distance of downtown Sturgeon Falls.
    • Fully serviced with municipal utilities and ready for future development.




    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.
    Listing IDX12543974
    Address6 Bay View Court
    CityWest Nipissing, Ontario
    Price$2,950,000
    StyleInvestment
    Land Size2.3
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentCommunity Features Major Highway, Recreation/Community CentreHeating / Cooling Baseboard

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    Listing Agency:  RIGHT AT HOME REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    6 Bay View Court
    West Nipissing , Ontario
    $2,950,000
    Get more info