$499,000
For sale: Vacant Land

5.15-acre land assembly on North Bay's Airport Hill, positioned between two established subdivisions. A conceptual 24-lot plan and boundary survey have already been prepared and are available to qualified buyers on request. Designated Residential (R1H - Holding): the Holding provision will need to be lifted and municipal services extended before development can proceed. This is a value-add opportunity suited to an experienced developer or land investor with the capacity to carry a Holding-removal and servicing process - not a shovel-ready building lot. No municipal water, sewer, or utilities currently in place. Buyers are responsible for satisfying themselves regarding zoning, servicing, permitted uses, and development feasibility through independent due diligence. Offers welcome any time.
Sold data
Vacant Land homes in North Bay (Airport) took a median of 14 days to sell over the last 730 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 40, across 36 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 15 days.
The median sale price was $174,900.
Homes sold for about 9.9% below asking on average, so there was room to negotiate.
About 8% of sales closed above the list price.
Around 3% of sellers reduced their price before finding a buyer.
Based on 36 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
North Bay (Airport) has 20 Fraser Institute–rated schools (15 elementary and 5 secondary), averaging 4.4/10.
School ratings from the Fraser Institute's Ontario school report cards.
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