5
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$385,000
Est. payment /mo
Pending
104 Highland RD North Bay, ON P1B 6K4
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Key Details
Property Type Commercial
Sub Type Land
Listing Status Pending
Purchase Type For Sale
Subdivision Central
MLS Listing ID X12212153
Annual Tax Amount $9,024
Tax Year 2024
Property Sub-Type Land
Property Description
Exceptional Development Opportunity in a Prime Location! Strategically positioned on high-traffic Algonquin Avenue at a signalized intersection, this property offers unmatched visibility and accessibility making it an ideal site for a wide range of development opportunities. Backed by flexible zoning and municipal support, the site is well-suited for residential projects such as an apartment complex (accommodating either 22 traditional or 40 micro-units), along with additional multi-unit residential options. While only a portion of the property is currently zoned R3, the vendor is open to collaborating with prospective buyers to facilitate necessary zoning amendments and ensure a smooth transition through the site plan approval process. The property also benefits from its C4 zoning designation, allowing for a variety of commercial uses including quick-service restaurants, retail outlets, medical and professional offices, or entertainment venues. With a recent lot survey and a 2022 Phase II Environmental Site Assessment already completed, the property is development-ready. Whether you're an investor looking for high-yield potential or a visionary entrepreneur ready to bring your concept to life, this premier site presents limitless opportunities for long-term success.
Location
Province ON
County Nipissing
Community Central
Area Nipissing
Zoning C4R3
Interior
Inclusions None
Exterior
Community Features Major Highway, Public Transit
Utilities Available Yes
Lot Frontage 126.72
Lot Depth 98.75
Listed by REALTY EXECUTIVES Local Group Inc. Brokerage