

1/3LOT 4 OLD HIGHWAY 17, West Nipissing, ON P0H2M0
$99,000 total
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Asset Class
Land
Size
—
Building class
C
Zoning
DC2 — Site Specific
$ / SF
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Occupancy
88%
Lot Size
5 ac
Nice Flat 5 Acres Waterfront Land for Sale in Verner, West Nipissing on the scenic Veuve River with Seller Financing (VTB) option. Located between North Bay and Sudbury, this spacious property fronts a year-round maintained municipal road and is only minutes from everyday amenities including groceries, gas, coffee and the library.With plenty of usable land and waterfront at the back of the property, this could be a great option for a future home, cottage, retirement property, recreational getaway, investment property or land legacy to hold for future generations. The property is zoned Shoreline Residential, offering a variety of potential building options including a home, cottage, modular or mobile home, subject to municipal approvals.Buyer to do due diligence on proposed future use that may not fall under current zoning. Enjoy the peace and privacy of Northern Ontario without being far from services. Verner amenities are approximately 5 minutes away, with Sturgeon Falls and the nearest hospital approximately 20 minutes away. Seller financing / Vendor Take-Back (VTB) mortgage may be available to qualified buyers. If you've been looking for waterfront land for sale in Northern Ontario, acreage near North Bay or Sudbury, or an affordable property to buy, build or hold, this 5-acre parcel is worth a look. No Trespassing. Easy Showings by appointment only through Broker Bay. (id:66811)
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Monthly debt service
$457
Projected NOI
$5K
Annual cash flow
$-411
Cash-on-cash
-1.38%
DSCR
0.93
Going-in cap
5.13%
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
141,387
Households
59,786
Median income
$113,500
Median age
32
Daytime population
175,751
5-yr growth
3.2%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for LOT 4 OLD HIGHWAY 17, West Nipissing.
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.