104 HIGHLAND ROAD, North Bay (Central), Ontario, P1B6K4, Canada

Description

Exceptional Development Opportunity in a Prime Location! Strategically positioned on high-traffic Algonquin Avenue at a signalized intersection, this property offers unmatched visibility and accessibility making it an ideal site for a wide range of development opportunities. Backed by flexible zoning and municipal support, the site is well-suited for residential projects such as an apartment complex (accommodating either 22 traditional or 40 micro-units), along with additional multi-unit residential options. While only a portion of the property is currently zoned R3, the vendor is open to collaborating with prospective buyers to facilitate necessary zoning amendments and ensure a smooth transition through the site plan approval process. The property also benefits from its C4 zoning designation, allowing for a variety of commercial uses including quick-service restaurants, retail outlets, medical and professional offices, or entertainment venues. With a recent lot survey and a 2022 Phase II Environmental Site Assessment already completed, the property is development-ready. Whether you're an investor looking for high-yield potential or a visionary entrepreneur ready to bring your concept to life, this premier site presents limitless opportunities for long-term success. (id:2469)