For Sale · Land

LOT 4 OLD HIGHWAY 17, West Nipissing

LOT 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

About this property

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)

Financial sandbox

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Estimate
Purchase price$99K
Down payment30% · $30K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for LOT 4 OLD HIGHWAY 17, West Nipissing.

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.