











1/13PT LT 32 PINEWOOD PARK DRIVE, North Bay (Ferris), ON P1B8Z4
$2.5M total
—
Asset Class
Land
Size
—
Building class
A
Zoning
UR — Urban Reserve
$ / SF
—
Occupancy
92%
Lot Size
61.34 ac
Prime 60-Acre Development Opportunity - Rural Residential & Commercial Potential Discover an exceptional 60-acre parcel offering a rare combination of natural beauty, strategic location, and future development potential. Currently zoned Rural, this property presents an exciting opportunity for a variety of uses, including a private rural residential estate, hobby farm, residential development, or potential commercial applications, subject to municipal approvals and any required zoning amendments. Ideally located with easy access on and off Highway 11, the property is conveniently situated near an impressive range of amenities, including the casino, hotels, brand-new arena, parks, recreational trails, golf courses, restaurants, and established businesses and services. The property features mature timber and provides an attractive setting for those seeking privacy, space, and a connection to nature. At the same time, its strategic location along an active corridor and proximity to existing development make it an appealing opportunity for investors and developers looking toward the future. Whether you're envisioning a rural residential retreat, future residential development, or exploring commercial opportunities, this versatile parcel offers the acreage, location, and potential to bring your vision to life. A rare 60-acre opportunity combining rural appeal with exciting long-term development potential. Buyers are encouraged to conduct their own due diligence regarding permitted uses, zoning, servicing, access, and future development opportunities. (id:66811)
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Monthly debt service
$12K
Projected NOI
$113K
Annual cash flow
$-26K
Cash-on-cash
-3.44%
DSCR
0.81
Going-in cap
4.51%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
94,799
Households
37,040
Median income
$76,500
Median age
42.5
Daytime population
114,584
5-yr growth
2.5%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for PT LT 32 PINEWOOD PARK DRIVE, North Bay (Ferris).
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.