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. (id:47423)
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Detailed Information
Lot
127 x 0 ft
Amenities Nearby
Public Transit, Schools
Community Features
High Traffic Area
Features
Corner Site, Visual exposure
Listing Contract Date
2024-04-29
Location Description
Corner of Algonquin Ave and Lansdowne Ave
Ownership Type
Freehold
Property Type
Vacant Land
Transaction Type
For sale
Zoning Description
C4R3
Building
Basement Type
None
Utility Water
Municipal water
Utilities
Type
Description
Telephone
Available
Land
Total Size
under 1/2 acre
Access Type
Highway access
Amenities
Public Transit, Schools
Sewer
Municipal sewage system
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