6 Bay View Court, West Nipissing, ON Image 1

$3,695,000

Investment For Sale
MLS - #X12254327
1 day ago- By RIGHT AT HOME REALTY

6 Bay View Court, West Nipissing, ON P0H 2M0

Bed
Bath
2.9 Sqft.
Outside/Surface Garage

Property Description

Property type

Investment

Lot size

N/A

Style

Approx. Area

2.9 Sqft

About 6 Bay View Court

10 Detached Homes with Waterfront Plus Redevelopment Potential for 50+ Residential Units or a 45+ Suite Hotel! This property offers a unique investment opportunity! It 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, making it an excellent candidate for future development. There is also an opportunity to acquire the adjacent property at 314 King Street, which includes a triplex and a large lot that could be used for additional parking or further expansion. Currently, all 10 homes on the property are fully rented, generating steady income with the potential for increased revenue making this an attractive income-producing asset. A preliminary design concept has been prepared (available for review), supporting potential redevelopment into 50+ residential units or a 45+ suite hotel, both of which have strong local support.

Home Overview

Last updated

1 day ago

Virtual tour

None

Basement information

Building size

2.9

Status

In-Active

Property sub type

Investment

Maintenance fee

$N/A

Year built

2024

Additional Details

Basement:N/A
Cooling:Partial
Heating:Electric Forced Air
Parking Features:N/A
0
Similar Homes Found
$0
Average Price
369500000.0%
Higher than average

Price Comparison

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Location

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Walk Score for 6 Bay View Court

Sales Representative

Angela Yang

Sales Representative, ANCHOR NEW HOMES INC.

English, Mandarin
Residential ResaleProperty ManagementPre Construction

MORTGAGE INFO

ESTIMATED PAYMENT

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