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

    Est payment $17,845/mo
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    Time on Jump  32 day

    AI Summary *

    • Opportunity for a second mortgage to assist with the down payment.
    • Ten detached homes on waterfront land generating substantial revenue.
    • Potential for redeveloping into a 45+ suite hotel.
    • Approximately 350 feet of water frontage on Minnehaha Bay.
    • Fully serviced site, zoned for hotel development with municipal utilities.




    Seller is willing to provide a second mortgage (vtb) of up to $700,000 at an annual interest rate of 2% to help with the down payment. Additionally, buyer financing of up to $2,700,000 may be available from third-party lenders, subject to the lender's credit approval and usual lending conditions. 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. Initial concept drawings are available on request.
    Listing IDX12543974
    Address6 Bay View Court
    CityWest Nipissing, Ontario
    Price$3,600,000
    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
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    6 Bay View Court
    West Nipissing , Ontario
    $3,600,000
    Get more info