$799,000
West Nipissing
123 Railway Street, West Nipissing (Sturgeon Falls), Ontario, P2B3B1
This retail property in West Nipissing is for sale offering roughly 4,197 sq ft of space. It has been on the market 78 days, fresher than the West Nipissing average of 89 days.
INVESTMENT OPPORTUNITY | C2 ZONING | DEVELOPMENT POTENTIAL Think beyond the current use. This modern, approximately 10-year-old commercial property presents an intriguing value-add investment opportunity for an owner-operator, an entrepreneur or investor looking for flexibility, existing infrastructure and future upside.Currently operating as an established funeral home, the property features a modern, state-of-the-art building with reception areas, chapel, private offices, visitation/viewing space, attached single-car garage and ample on-site parking. The existing layout provides an excellent foundation for continued operation - or a creative new business concept.C2 zoning opens the door to potential opportunities for health services, veterinary use, service establishments, entertainment/recreation and other permitted commercial uses. And the real upside? An additional lot fronting Nipissing Street offers potential for severance, subject to municipal approvals, creating an opportunity to unlock additional land value, future development potential or a separate investment play. For the investor with vision, this is more than a commercial building - it's a flexible commercial real estate asset with redevelopment potential, multiple permitted-use possibilities and an opportunity to reposition the property for its next chapter.The infrastructure is here. The zoning is here. The land is here. Now bring the vision. A rare opportunity to acquire a commercial investment property with value-add and future development potential. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 78 days on market, against an average age of 89 days across the listings currently for sale in this city
This retail in West Nipissing (Sturgeon Falls) has been listed for 78 days, which is 11 days fresher than the city average of 89. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $799,000, about 12.1× the local median household income of $66,000.
Carrying it typically needs a household income of about $156,073 (20% down, 25-yr amortization, stress-tested) — roughly 136% above the area median.
Source: Statistics Canada, 2021 Census (FSA P2B)
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