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Property sale to help further affordable housing development

The former Dr. McDougall School property on Brookes Street is up for sale. 

With the land valued at $3.4 million, the Nipissing District Housing Corporation (NDHC) says proceeds from the sale will go toward further affordable housing development in Nipissing. 

NDHC says the sale does not impact operations of the Indigenous Hub located in the building.

“A key strategy of the NDHC Board for the past four years has been to create additional affordable housing in the District. The sale of this property allows NDHC to free up capital funds to invest into this goal,” says NDHC Board Chair, Dave Mendicino.

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Consent to sell the property was received by the Ministry of Education after a rezoning and severance application for the site was approved by council earlier this year. 

The rezoning resulted in two separate properties being created. 

One is the Indigenous Hub site while the second is a vacant site suitable for affordable housing development.

Approval for the sale is contingent on the buyer assuming the existing lease for the services of the North Bay Indigenous Hub for the duration of the 15-year term.

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