Description

5.15-acre land assembly on North Bay's Airport Hill, positioned between two established subdivisions. A conceptual 24-lot plan and boundary survey have already been prepared and are available to qualified buyers on request. Designated Residential (R1H - Holding): the Holding provision will need to be lifted and municipal services extended before development can proceed. This is a value-add opportunity suited to an experienced developer or land investor with the capacity to carry a Holding-removal and servicing process - not a shovel-ready building lot. No municipal water, sewer, or utilities currently in place. Buyers are responsible for satisfying themselves regarding zoning, servicing, permitted uses, and development feasibility through independent due diligence. Offers welcome any time. (id:66096)

Market Timing

Days on market

155d

North Bay (Airport) listings, avg age

91d

List price

$499K

Homes here sell faster than most markets

Sold homes in this market spent an average of 27 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 98.6 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Area context

Neighbourhood profile (P1B)

This home lists at $499,000, about 7.6× the local median household income of $66,000.

Carrying it typically needs a household income of about $97,472 (20% down, 25-yr amortization, stress-tested) — roughly 48% above the area median.

Median household income: $66,000
Population: 33,113
Median age: 44.4
Owner / renter: 57% / 43%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA P1B)

$499,000

For sale

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Financing

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0 Shelp Street, North Bay (Airport) - Vacant Land for Sale

Description

Property Details

Features

Market Timing

Location

Nearby Places

Neighbourhood profile (P1B)

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