Added 1 month ago
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Type: Land
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Property Type: Commercial
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Business Type: Other
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Zoning: C4R3
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Age: No Data
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Taxes: 9024
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MLS®#: X11997044
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Added: Mar 03, 2025 (1 month ago)
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Updated:
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Last Checked: 2 weeks ago
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Listed By: REALTY EXECUTIVES Local Group Inc. Brokerage
Prime Investment Opportunity! Ideally situated along Algonquin Avenue at a high-visibility, signalized intersection, this property offers unparalleled exposure and accessibility. With flexible zoning and municipal support, the site is primed for a range of development possibilities including an apartment complex (22 traditional or 40 micro-units) and other residential opportunities. While only a portion is currently zoned R3, the vendor is committed to working with buyers to facilitate zoning adjustments and ensure a smooth sale process in compliance with site plan regulations. Under its C4 zoning designation, the property is also an ideal location for commercial ventures such as quick-service restaurants, retail stores, medical and professional offices, or entertainment establishments. A recent lot survey and a 2022 Phase II Environmental Site Assessment confirm the site's readiness for development. Whether you're an investor seeking strong returns or an entrepreneur with a vision, this prime location offers limitless potential for long-term success. Don't miss out on this exceptional opportunity!
Property
Status: Sale
Type: Other
Property Type: Land
Property Type: Designated
Area: North Bay
Community: Central
Availability Date: Immediate
Utilities
Utilities: Available
Building
Basement: N
Water Supply: Municipal
Fees
Tax Year: 2024
Tax Legal Description: PCL 1221 SEC WF; LT 9-10 PL M177 WIDDIFIELD; NORTH BAY ; DISTRIC
Taxes: $9,024
Taxes Type: Annual
Land
Cross Street: Corner of Algonquin
Municipality District: North Bay
Parcel Number: 491570601
Sewer: None
Lot Depth: 98.75 Feet
Lot Frontage: 126.72 Feet
Zoning: C4R3
Commercial Specific
Total Area: 0.5
Total Area Metric: Acres
Area Influence: Major Highway
Area Influence: Public Transit
Lot Code: Lot
St Alexander Separate School
Elementary: CatholicMother St Bride School
Elementary: CatholicÉcole secondaire catholique Algonquin
Elementary: CatholicSt Hubert Separate School
Elementary: CatholicÉcole élémentaire catholique Saints-Anges
Elementary: CatholicAlliance French Immersion Public School
Elementary: PublicÉcole secondaire publique Odyssée
Secondary: PublicWest Ferris Secondary School
Secondary: PublicÉcole secondaire catholique Algonquin
Secondary: CatholicChippewa Secondary School
Secondary: PublicWiddifield Secondary School
Secondary: PublicSt Joseph-Scollard Hall Secondary School
Secondary: Catholic
