About this property

New Price Reduction!. This creates an exceptional and rare investment opportunity to acquire a property that has 10 detached homes with waterfront land with excellent income and a good cap rate. The current homes are generating substantial revenue, so you can keep this property for long-term growth while exploring the redevelopment potential for an additional 10 small homes or up to 48 residential units or a 45+ suite hotel! The property includes five separate lots (five PINs: PIN 490790239, PIN 490790992, PIN 490790228, PIN 490790240, PIN 490790992), currently featuring ten detached homes, one large and one smaller workshop, and approximately 350 feet of water frontage on Minnehaha Bay, part of Lake Nipissing, in Sturgeon Falls (approximately 3 hours north of the GTA). The site is within walking distance of downtown Sturgeon Falls and located approximately 20 minutes west of North Bay, 1 hour south of Sudbury, and roughly 3 hours north of the GTA. This unique location is fully serviced by all municipal utilities, already zoned to build a hotel, and has a clean Phase 1 report, making it an excellent candidate as a hotel site for future development or for additional residential units.

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	X12543974
Status	Active
Listing Type	For Sale
Property Type	Commercial
Interior Size	2 sq ft
Lot Size	2 sq ft
Beds / Baths	0 bed · 0 bath
Neighbourhood	Sturgeon Falls
City	West Nipissing
Postal Code	P0H 2M0
Province	ON
Listed Date	November 14, 2025
Days on Market	265
Price per Sq Ft	$1,475,000
Brokerage	RIGHT AT HOME REALTY