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$198,000
Cobalt
817517 Nipissing Road, Cobalt, Ontario, P0J1C0
This industrial property in Cobalt is for sale offering roughly 13,487 sq ft of space. It has been on the market 42 days, fresher than the Cobalt average of 74 days.
This 3.07 acre property with a scenic view of Cobalt Lake is located in the heart of the historic touristic mining camp of Cobalt. The property is divided into two parts by Nipissing Road and offers potential for a variety of commercial or industrial uses. Included is a 13,487 sq. ft. multi- level brick building, as well as a 40' x 70' Quonset hut situated on a cement pad. The Quonset hut is divided into aproximately 40' x 35' storage bays, with a door opening of approximately 12.6' x 12.6', providing convenient access for storage. As an added benefit, Hydro One is leasing a portion of the property generating income. Multiple CMI, RU-F zoning uses for the property include accessory dwelling unit or house, bulk storage, building supply outlet, commercial garage, equipment rental, manufacturing plant, warehouse, construction business, and more opportunities are available. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 42 days on market, against an average age of 74 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 34 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 86.0 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This industrial in Cobalt has been listed for 42 days, which is 32 days fresher than the city average of 74. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $198,000, about 2.7× the local median household income of $72,500.
Carrying it typically needs a household income of about $38,676 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA P0J)
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