Business For Sale · Land

PT LT 32 PINEWOOD PARK DRIVE, North Bay (Ferris)

PT LT 32 PINEWOOD PARK DRIVE, North Bay (Ferris), ON P1B8Z4

$2.5M total

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Asset Class

Land

Size

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Building class

A

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

92%

Lot Size

61.34 ac

About this property

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)

Financial sandbox

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Estimate
Purchase price$2.50M
Down payment30% · $750K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for PT LT 32 PINEWOOD PARK DRIVE, North Bay (Ferris).

NDA required
  • 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.