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North Bay,ON P1B 6K4
Key Details
Property Type Vacant Land
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 40635676
Originating Board North Bay
Annual Tax Amount $9,024
Property Description
Welcome to an exceptional investment opportunity in North Bay's thriving commercial district. This land is nestled in a bustling enclave along Algonquin Avenue, boasting a coveted position at a signalized intersection, ensuring maximum visibility and accessibility. Embraced by flexible zoning and bolstered by city support, this opportunity promises a journey toward realizing your entrepreneurial dreams or developing an apartment complex (22 traditional or 40 Micro units), also potential for other residential opportunities. While some zoning work is required due to only a small portion being zoned R3, the vendor is committed to collaborating with prospective purchasers to streamline the sale process and ensure compliance with the appropriate site plan and zoning regulations. With excellent exposure and convenient access, it presents an ideal setting for a range of commercial ventures under the C4 zoning with the potential for quick-service restaurants, retail stores, medical and professional offices, or an entertainment establishment. The recent diagram demonstrates the lot size and, a recent 2022 clean Phase II Environmental Site Assessment are available for laying the groundwork for swift development. Whether you're an astute investor or a visionary entrepreneur, this property offers immense potential for lucrative returns and long-term success.
Location
Province ON
County Nipissing
Area North Bay
Zoning C4R3
Direction Corner of Algonquin Ave and Lansdowne Ave
Rooms
Kitchen 0
Interior
Fireplace No
Exterior
Utilities Available At Lot Line-Gas,At Lot Line-Hydro,At Lot Line-Municipal Water,Street Lights,Phone Available
Waterfront No
Lot Frontage 126.72
Garage No
Building
Lot Description Urban,Irregular Lot,Corner Lot,High Traffic Area,Highway Access,Public Transit,Schools,Visual Exposure
Faces Corner of Algonquin Ave and Lansdowne Ave
Sewer Sewer (Municipal)
Water Municipal
New Construction No
Others
Senior Community false
Tax ID 491570601
Ownership Freehold/None