Property Details

235 River Rd Sault Ste Marie On

235 River Rd Sault Ste Marie On
Listing Representative
Murray Gibbons portrait
Murray Gibbons
Broker of Record/Owner
Great Lakes Realty Gibbons Inc
Cell: 519-757-5595
Tel: 519-443-6443

$1,500,000 - For Sale

Exclusive

Sault Ste. Marie is a safe, modern, medium-sized city (73,500) with amenities of larger centres, and is just minutes from nature. Located at the heart of the Great Lakes, directly on the U.S. border, and at the geographic centre of Canada, Sault Ste. Marie offers a quality of life that is second to none.

Sault Ste. Marie is located on the Trans-Canada Highway. In addition, the community has a non-disruptive and efficient border point to the United States, along with direct access to U.S. Interstate-75 (a four-lane highway) that extends from Michigan to Florida and links to the U.S. Interstate highway system.

235 RIVER ROAD is Located on St. Mary’s River where the Great Lakes Spectacularly meet at the Ontario/Michigan border, on the eastern limits of the city of Sault Ste Marie, min. to Airport and several blocks to the TransCanada Hwy 17. This 4.1 Acre site is presently being serving as a Sea Plane landing and storage facility.

In an area near and along Queen St. East, the majority of which backs on to, or near St. Mary’s River. The writer is aware of only one other site, similar, but only a quarter of the size which has just been recently sold. The Subject is zoned approximately 1/3 as R4, the remainder being R2. R4 allows for a mixture of several types of multi-residential uses such as apartment buildings, multiple attached dwellings and other institutional facilities.

Ideally a plan should involve the re-zoning of the R2 portion to allow for a more intense use, such as the R4 encourages. The owner is willing to allow a conditional offer in order to get the re-zoning approved.

HUNDREDS OF UNITS POSSIBLE
This site, in the writer’s opinion is ideal for a residential complex designed for retirement age clientele with direct access to the St. Mary’s River for boating, fishing and other water sports. The world would be accessible literally from your door step!
The Planning Department can be contacted via the website: www.saultstemarie.ca

A design engineer will have unlimited ideas as to how to develop this very unique and special site.

Close to million dollar homes, the Algoma University, and the Sault Ste Marie International Bridge to the USA.

An ideal investment with multiple units of residential/recreational sites.

The owner had ordered a complete environmental study by a well-known local environmental firm for which report the owner has already paid in the neighbourhood of fifty Thousand dollars.

At the time of their study, they revealed a couple of very small concerns. There was one concern in the environmental matter under the concrete floor in one of the major airplane hanger building on site. Since the function of this building is a daily matter for the storage of airplanes, owner did not want to disrupt and tear up the floor as to what the concern might be.

However, a letter outlining what was performed by the environmental firm will be made availablew for anyone who wishes to make a serious offer for the property and the onwer will certainly reveal all the contents of this study.

Property Details
  • Property Address:235 River Rd Sault Ste Marie On
  • Property Type:Multi-Unit
  • Lot Size:4 acres
Structure Details for 235 River Rd Sault Ste Marie On
  • Structure Type:Condominiums
  • Structure Style:2 or more storeys, Condo
Listing Representative for 235 River Rd Sault Ste Marie On
Murray Gibbons portrait
Murray Gibbons
Broker of Record/Owner
Great Lakes Realty Gibbons Inc
Cell: 519-757-5595
Tel: 519-443-6443
Request Information
Mortgage Calculator Inputs
Mortgage Calculator Results
Note: All calculations for informational purposes only, and should be verified.
Get Pre-Approved

235 River Rd Sault Ste Marie On

The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden. The prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.
Translate »