$199,900

For sale

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Lakeshore Drive, North Bay (Ferris) - Vacant Land for Sale

Lakeshore Drive, North Bay (Ferris), Ontario, P1A2E9

0 baths134 × 86 ft (11,524 sq ft) lotListed 34 days ago

Overview

This lot in North Bay is for sale. It has been on the market 34 days, fresher than the North Bay average of 54 days.

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Description

Attention Developers and builders** Prime RM1-zoned building lot in a highly desirable Lakeshore Drive location. Offering multiple residential development and building opportunities as well as many other additional business location options . Potential for a 9-unit building, boutique rental property, condominium development, or other permitted residential uses. Enjoy a water-view setting just steps from public water access, with easy access to beaches, parks, walking trails, boating, fishing and year-round waterfront recreation. A rare opportunity to create a quality residential development in a desirable lakeside neighbourhood close to a wide range of amenities. City of North Bay confirms water and sanitary sewer are located on Mowat Crescent, with stormwater on Lakeshore Drive. **Survey, zoning information and permitted uses available upon request. HST is in addition to the purchase price, if applicable. (id:66096)

Property Details

MLS®: X13850734
Property Type: Vacant Land
Zoning: Rm1 Spc 120
Bathrooms: 0
Lot Size: 134 × 86 ft (11,524 sq ft)
Frontage: 134 ft
Property Tax: $5,503.25/yr
Listed: 34 days ago

Features

Lot Features: Level lot, Wooded area

Services

Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

34d

North Bay (Ferris) listings, avg age

54d

List price

$200K

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.

Haho

This vacant land in North Bay (Ferris) has been listed for 34 days, which is 20 days fresher than the city average of 54. Act while there is still low competition.

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Listed by Revel Realty Inc. Brokerage · AMY KAZI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P1A)

This home lists at $199,900, about 2.7× the local median household income of $74,000.

Carrying it typically needs a household income of about $39,047 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $74,000
Population: 16,959
Median age: 44.8
Owner / renter: 61% / 39%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA P1A)

$199,900

For sale

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Financing

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