Added 3 months ago
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Type: Land
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Property Type: Commercial
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Zoning: C4R3
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Age: No Data
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Taxes: 9024
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MLS®#: X10708148
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Days on Site: 113 Days
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Added: Aug 20, 2024 (3 months ago)
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Updated:
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Last Checked: 3 hours ago
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Listed By: REALTY EXECUTIVES Local Group Inc. Brokerage
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.
Property
Status: Sale
Property Type: Land
Area: North Bay
Availability Date: Flexible
Assessment Amount: $242,000
Assessment Year: 2024
Building
Basement: N
Water Supply: Municipal
Fees
Tax Year: 2023
Tax Legal Description: PCL 1221 SEC WF; LT 9-10 PL M177 WIDDIFIELD; NORTH BAY ; DISTRIC
Taxes: $9,024
Land
Cross Street: Corner of Algonquin
Municipality District: North Bay
Parcel Number: 491570601
Sewer: Sewers
Lot Frontage: 126.72
Zoning: C4R3
Commercial Specific
Total Area Metric: Sq Ft
Area Influence: Public Transit
Soil Test: Envirn Audit
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
