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331 PINEWOOD PARK Drive LOT 1, North Bay, ON P1B 8Z4

8 rooms · Land
$2,990,000

Sale of "Prime Arterial Commercial C6 corner lot - 4.9 acres with dual road access on Pinewood Park Drive (Highway 11) and Decaire Road. Severance approved by the City of North Bay Committee of Adjustment. Urban Service Boundary extended and rezoned C6 by City of North Bay - permitted uses: hotel, restaurant, gas bar, financial institution, retail, automotive, recreational facility, day nursery, transit terminal and more. Located directly opposite Cascades Casino North Bay ($41M, Gateway Casinos & OLG) on North Bay's highest-growth commercial corridor - backed by over $500M in confirmed area investment including a $63M Recreation & Community Centre, $5.9M FIFA-sized soccer fields, $100M+ Ontario Northland rail investment. Pinewood Park Drive is undergoing a 5-lane urbanisation - Environmental Assessment complete, funding underway. 15 new industrial and tourism-commercial lots have been approved at 351 Birchs Road, further anchoring West Ferris as North Bay's primary growth and development zone.Surrounded by established national and regional operators including Cascades Casino, Ramada Hotel & Conference Centre, Tim Hortons, Burger King, Petro-Canada, Pinewood Park Golf Course, and Callander's Osprey Golf Course - confirming this corridor as a proven, high-traffic commercial destination with existing consumer demand and year-round activity across gaming, dining, hospitality and recreation."400mm water main and 675mm sanitary sewer confirmed in the Pinewood Park Drive right-of-way by City Engineering - full urban servicing capacity available for connection.

MLS number
X13569290
Type
Land
Status
Active
Bedrooms
4
Bathrooms
1
Postal code
P1B 8Z4
Photos
3
Property tax
$3,910 / year
60days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Pick a school to see the boundary it is inside. Boards redraw these — confirm with the board.

Approximate — placed from the postal code, which can cover a block or more.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

School boundaries are not shown for this listingWe could only place this address to its postal code, which can cover a block or more, and school boundaries often run down the middle of a street. Naming a school boundary from a position that loose would be a guess about a school, so we don’t. Use the board’s own address lookup for this one.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
St Luigi Catholic School
Toronto CDSB
Elementary576 m3.6 / 10
36% met the standard · 3 of 6 measures
École élémentaire Charles-Sauriol
CS Viamonde
Elementary613 m9.6 / 10
96% met the standard
Experience SchoolSecondary724 mNot reported
St Rita Catholic School
Toronto CDSB
Elementary639 m7.3 / 10
73% met the standard · 3 of 6 measures
St Sebastian Catholic School
Toronto CDSB
Elementary813 m9.2 / 10
92% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 1,666 people.

$49,600Median household income
29.4%Own their home
0%Detached houses
34.8Median age
43.2%Born outside Canada
39.2%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35200968 — the few blocks around this address, home to 1,666 people. It describes the area, not this property.

1,666Population
37.9Average age
1.6Household size
$65,200Average household income
$49,600Median household income
29%Own their home
71%Rent
54%Condominiums
43%Born outside Canada
39%University degree
$576,000Average home value
25%Low income
42%Not in the labour force
47%Never married
Under $5,0002%
$5,000 to $9,9991%
$10,000 to $14,9993%
$15,000 to $19,9998%
$20,000 to $24,9998%
$25,000 to $29,9995%
$30,000 to $34,9995%
$35,000 to $39,9994%
$40,000 to $44,9993%
$45,000 to $49,9995%
$50,000 to $59,9996%
$60,000 to $69,9995%
$70,000 to $79,9996%
$80,000 to $89,9995%
$90,000 to $99,9994%
$100,000 and over15%
$100,000 to $124,9996%
$125,000 to $149,9994%
$150,000 to $199,9994%
$200,000 and over1%

Percentages are of the 1,245 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$598,000 · minimum here is $598,000
$13,239.07per month
Borrowed before insurance$2,392,000
Total borrowed$2,392,000
Interest over 25 years at 4.5%$1,579,722

If you rented it out

-$13,564.91per month out of pocket
Rent$0.00
Everything it costs to hold$13,564.91
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

What’s being built nearby

Planning applications within 500 m — 3 still in progress.

323 SYMINGTON AVE364 m
OMB Appeal · applied November 24, 2022

Zoning By-law Amendment Application for two towers of 39- and 36-storeys, including a 6-storey podium with commercial at grade.…

City planning file →
332 CAMPBELL AVE314 m
NOAC Issued · applied April 26, 2022

Site plan approval for a 26-storey residential rental apartment building having a gross floor area of 20,534 square metres, and containing 314 residential dwelling units.…

City planning file →
213 EMERSON AVE462 m
OMB Appeal · applied April 5, 2022

Official Plan and Zoning By-law Amendment to increase the approved height and density onsite to accomodate additional purpose built and affordable rental dwelling units.…

City planning file →
213 EMERSON AVE462 m
Closed · applied December 24, 2024

Part Lot Control Exemption By-law extension application request for 1245 Dupont Street. By-law 235-2020 was enacted by City Council on February 26, 2020 and expires in February 26, 2025.

City planning file →
350 CAMPBELL AVE296 m
Appeal Received · applied January 17, 2023

Further to the rezoning submission it has been determined that, while there are no residential units located within the area designated as Core Employment, an OPA is required to permit the parking garage and rooftop outdoor amenity area on 350 Campbell Avenue.

City planning file →
332 CAMPBELL AVE314 m
Closed · applied April 9, 2021

Proposal for a 28-storey, inclusive of a 6-storey podium, having a residential gross floor area of 21,171 square metres. 313 residential dwelling units are proposed, of which, 7 will be dedicated live-work units.

City planning file →
386-394 SYMINGTON AVE373 m
Closed · applied April 8, 2021

The application proposes a 23-storey tower, 8-storey mid-rise, and 4-storey podium with 35, 108 square metres and 398 rental units. The application also proposes 6 affordable rental units.

City planning file →
32 POWERHOUSE ST131 m
Closed · applied November 25, 2020

Site Plan application for a mixed use building. This is a Heritage building.

City planning file →
What these are

These are applications made to the City — a proposal to build something, not a decision that it will be built. Many are refused, withdrawn, reduced, or approved and then left for years. The status shown is the one the City last recorded, and each entry links to the City’s own file, which is the authoritative record.

Whether a nearby development is welcome depends on what you want from a street, so this panel reports what has been applied for and leaves the judgement to you.

Contains information licensed under the Open Government Licence – Toronto. Toronto only for now; other municipalities publish this differently or not at all.

Listed by RE/MAX OPTIMUM REALTY. Listing data provided by the Toronto Regional Real Estate Board.