For Sale: 6 Bay View Court, West Nipissing, ON - REW
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$2,950,000
0 bd • ba • 2 sf • Multifamily
6 Bay View Court
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$2,950,000
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6 Bay View CourtWest Nipissing, ON, P0H 2M0

  • 0 Bed
  • Bath
  • 2 Sqft
  • Multifamily

About this home

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. (id:63626)
Listed by: Claudio Baiocchi, Salesperson, RIGHT AT HOME REALTY

Home facts and features

Price details
List Price
$2,950,000
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Gross Taxes for 2024
$7,218
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Multifamily
Lot Size
326 ft x 0 ft (2.3 acres)
Depth
Frontage
326.0 feet
Heating Type
Baseboard heaters
Cooling
Partially air conditioned
Agent details
Primary Agent
Claudio Baiocchi
Primary Broker
RIGHT AT HOME REALTY
Listing details
Days on REW
197 Days
Property Views
46
MLS® Number
X12543974
Source
Canadian Real Estate Association
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Property Insights

Résurrection
  • Catholic
  • JK - 8
Franco-Cité
  • Catholic
  • 9 - 12
ÉP Jeunesse-Active
  • Public
  • JK - 8
Our Lady of Sorrows School
  • Catholic
  • JK - 8
Saint-Joseph School
  • Catholic
  • JK - 8
Northern School
  • Public
  • 9 - 12
White Woods Public School
  • Public
  • JK - 8
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Call Agent
Salesperson
Claudio Baiocchi
Phone:
(905) 953-0550
Office:
905-695-7888
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.