±3.15 AC Industrial Land on Hwy 105 - Red Lake, ON

Land For Sale in Red Lake, ON

FRE Auctions is pleased to present the Online Auction for this unique land lot in Ontario, Canada

Property Highlights:

  • ±3.15 Acre vacant land lot in Red Lake, Ontario
  • At the terminus of 125 along the 105 Highway
  • Raw land with Restrictive Covenants
  • 2.2 Acres are zoned for Industrial and the remainder is R5 but cannot have any residential development
  • Three (3) separate parcels - 0.37 AC -R5/non residential - 0.58 AC -R5/non residential  - 2.20 AC -Industrial
  • NOTE: Images were taken from Google maps and may not reflect the current view and/or property topography

Planning Department Information: 2 Fifth St, PO Box 1000. Balmertown, ON P0V 1C0. 807-735-2096. Planning Department Website 

Red Lake is a municipality with town status in the Canadian province of Ontario, located 535 km northwest of Thunder Bay and less than 100 km from the Manitoba border. As a passenger and tourism hub for Northwestern Ontario, Red Lake acts as a central location for many supplies and services for over twenty northern fly-in communities out of YRL airport. 

The three primary sources of employment in Red Lake are support services for the numerous mines surrounding the town, small scale logging and a tourism sector specializing in hunting and fishing. It is known as the "Norseman Capital of the World", referring to the Noorduyn Norseman aircraft which played a significant role in the development of the area.

For Tax Information click the link below

https://www.lioapplications.lr...

Accept access disclaimer, click search and use the address tab to search by address

Thank you for your interest in this property. Please understand that it is a former oil company property and it is, or was in the past, environmentally impaired. It is being offered with certain use restrictions which is why the vendor is willing to sell it at a highly reduced price. This does not mean that the property is unusable but rather it has some restricted uses. In this regard, you are advised to read every available document carefully including but not limited to the Terms and Conditions of Sale and the Offer to Purchase (OTP) documents before you place a bid. Finally, please conduct your due diligence before you place your bid. If you are declared the winning bidder, you will have three (3) days to execute the OTP and remit your purchase deposit money (25% of the purchase price or $1,000 minimum) to the vendor’s solicitor and up to thirty (30) days to close the transaction.

This Open Bidding auction has concluded and escrow is closed.

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±3.15 AC Industrial Land on Hwy 105 - Red Lake, ON
Land For Sale in Red Lake, ON
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Auction # 422-41

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FRE Auctions is pleased to present the Online Auction for this unique land lot in Ontario, Canada

Property Highlights:

  • ±3.15 Acre vacant land lot in Red Lake, Ontario
  • At the terminus of 125 along the 105 Highway
  • Raw land with Restrictive Covenants
  • 2.2 Acres are zoned for Industrial and the remainder is R5 but cannot have any residential development
  • Three (3) separate parcels - 0.37 AC -R5/non residential - 0.58 AC -R5/non residential  - 2.20 AC -Industrial
  • NOTE: Images were taken from Google maps and may not reflect the current view and/or property topography

Planning Department Information: 2 Fifth St, PO Box 1000. Balmertown, ON P0V 1C0. 807-735-2096. Planning Department Website 

Red Lake is a municipality with town status in the Canadian province of Ontario, located 535 km northwest of Thunder Bay and less than 100 km from the Manitoba border. As a passenger and tourism hub for Northwestern Ontario, Red Lake acts as a central location for many supplies and services for over twenty northern fly-in communities out of YRL airport. 

The three primary sources of employment in Red Lake are support services for the numerous mines surrounding the town, small scale logging and a tourism sector specializing in hunting and fishing. It is known as the "Norseman Capital of the World", referring to the Noorduyn Norseman aircraft which played a significant role in the development of the area.

For Tax Information click the link below

https://www.lioapplications.lr...

Accept access disclaimer, click search and use the address tab to search by address

Thank you for your interest in this property. Please understand that it is a former oil company property and it is, or was in the past, environmentally impaired. It is being offered with certain use restrictions which is why the vendor is willing to sell it at a highly reduced price. This does not mean that the property is unusable but rather it has some restricted uses. In this regard, you are advised to read every available document carefully including but not limited to the Terms and Conditions of Sale and the Offer to Purchase (OTP) documents before you place a bid. Finally, please conduct your due diligence before you place your bid. If you are declared the winning bidder, you will have three (3) days to execute the OTP and remit your purchase deposit money (25% of the purchase price or $1,000 minimum) to the vendor’s solicitor and up to thirty (30) days to close the transaction.

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