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$569,900
West Nipissing
270 PIERRE Road, West Nipissing (Sturgeon Falls), Ontario, P2B2W8
This multi-family property in West Nipissing is for sale offering roughly 900 sq ft of space.
Welcome to Lot 2 Pierre Road in Sturgeon Falls, perfectly positioned on the shores of Lake Nipissing. This 2.716-acre parcel forms part of the former and well-loved Dutrisac Cottages, a once-popular resort known for its charm and long-standing local history. The property includes the original store and office building, offering exceptional potential for a renovation into your dream cottage or a central hub for future operations. Also located on the site are Cottage 7 (a three-bedroom structure), Cottage 22 (a two-bedroom unit), and a 24' x 22' storage building. All units are currently vacant allowing a buyer to begin planning and updating immediately. As this was previously operated as a campground, HST will be payable in addition to the purchase price. The property is being sold for its land value based on its historic use plus the cost of the new septic system. The existing buildings are in disrepair; however, they may offer renovation potential depending on the buyer's vision. Note that electrical upgrades will also be required. A permit for a new septic system has been approved to service the existing dwellings plus ten trailers. With its size, location, and existing infrastructure, this parcel presents a compelling canvas for redevelopment, seasonal rentals, or a private family retreat with income-generating possibilities. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 189 days on market, against an average age of 89 days across the listings currently for sale in this city
This 5-bed multi-family in West Nipissing (Sturgeon Falls) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $569,900, about 8.6× the local median household income of $66,000.
Carrying it typically needs a household income of about $111,321 (20% down, 25-yr amortization, stress-tested) — roughly 69% above the area median.
Source: Statistics Canada, 2021 Census (FSA P2B)
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Loading rates, 30-yr amortization
Cash Needed to Close
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