CAONWest Nipissing (Sturgeon Falls)6 Bay View Court
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6 Bay View Court, West Nipissing (Sturgeon Falls), ON

Real Estate

For Sale

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MLS® X12543974

  • Key Facts
  • Description
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Key Facts

Type Multi Family
Levels Residential Income
Size 2 sqft
Garage No
Taxes $7,218
Days Active 20
Lot Size 
Approx. Age 
Avg. Price Per Sqft $1,800,000
MLS® Number X12543974

Property Address: 6 Bay View Court, West Nipissing (Sturgeon Falls), ON, P0H2M0

Average square foot calculated using Size range provided by listing agent.

Description

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. (id:58753)Show Description
MLS® NumberX12543974
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

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Starting Address
Destination Address
6 Bay View Court, West Nipissing (Sturgeon Falls), ON

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