Highway 516 Sioux Lookout Ontario

For Sale | Business Opportunity
$410,000.00
Unknown sq ft
if(*Property is under negotiation, no further offers will be accepted at this time* The subject property is located on the on the south side of highway 516 with frontage on Bigwood Lake. The property is 26.9 acres with frontage along Highway 516. Situated on the picturesque waterfront of Bigwood Lake, this vacant parcel of land offers an exceptional opportunity for developers seeking a strategic location. Boasting stunning views of the serene waters and conveniently located next to a bustling commercial airport, this property is primed for mixed-use development. The proximity to the airport makes this parcel an ideal location for service providers and employees catering to the needs of our surrounding remote First Nations communities. Imagine the convenience of offering essential services and amenities within reach, creating a hub of activity that serves both locals and travelers alike. Designated for both commercial and residential development, this waterfront parcel presents a blank canvas for innovative projects that cater to the diverse needs of the community. Whether envisioning retail spaces, offices, or residential units, this versatile property offers endless possibilities for growth and expansion. Services are available at the site, and most of the predevelopment work has been completed, with geotechnical, noise and traffic studies as well as the environmental impact statement available to prospective buyers. Don't miss out on this rare opportunity to invest in a prime waterfront location with unmatched accessibility and potential. Contact us today to learn more about how you can be part of this exciting development adjacent to the airport which serves our surrounding remote First Nations communities! *At this time, the Municipality is considering expressions of interest in the form of an Application to Purchase Municipal Land submitted prior to May 29th, 2024. A decision is expected at the July 17th Council meeting. Purchase agreements cannot be finalized until the Municipality has completed their infrastructure upgrade project to service this site. Expected Municipal project completion is summer 2024. Development is expected to commence in 2025 or 2026 after the successful proponent completes their engineering plans. != null) {

Description

*Property is under negotiation, no further offers will be accepted at this time* The subject property is located on the on the south side of highway 516 with frontage on Bigwood Lake. The property is 26.9 acres with frontage along Highway 516. Situated on the picturesque waterfront of Bigwood Lake, this vacant parcel of land offers an exceptional opportunity for developers seeking a strategic location. Boasting stunning views of the serene waters and conveniently located next to a bustling commercial airport, this property is primed for mixed-use development. The proximity to the airport makes this parcel an ideal location for service providers and employees catering to the needs of our surrounding remote First Nations communities. Imagine the convenience of offering essential services and amenities within reach, creating a hub of activity that serves both locals and travelers alike. Designated for both commercial and residential development, this waterfront parcel presents a blank canvas for innovative projects that cater to the diverse needs of the community. Whether envisioning retail spaces, offices, or residential units, this versatile property offers endless possibilities for growth and expansion. Services are available at the site, and most of the predevelopment work has been completed, with geotechnical, noise and traffic studies as well as the environmental impact statement available to prospective buyers. Don't miss out on this rare opportunity to invest in a prime waterfront location with unmatched accessibility and potential. Contact us today to learn more about how you can be part of this exciting development adjacent to the airport which serves our surrounding remote First Nations communities! *At this time, the Municipality is considering expressions of interest in the form of an Application to Purchase Municipal Land submitted prior to May 29th, 2024. A decision is expected at the July 17th Council meeting. Purchase agreements cannot be finalized until the Municipality has completed their infrastructure upgrade project to service this site. Expected Municipal project completion is summer 2024. Development is expected to commence in 2025 or 2026 after the successful proponent completes their engineering plans.

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Building

  • Building Name
  • Construction
  • Cooling

Land

  • Zoning
    Mixed Use (MU)

Location

Highway 516 Sioux Lookout Ontario

Sales Representative

Jen Esposito Economic Development Officer and/or Jody Brinkman, Chief Building Official

Brokerage

Municipality of Sioux Lookout

Price Information

  • Sale Price
    $410,000.00