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$3,495,000
Available - For Sale
Listing ID: X8219106
Great Opportunity To Land Bank A Large Parcel Of Prime Agriculture Land And Have A Great Income Streams Attached To The Property. Property Has Lease With Largely Known Canadian Gravel & Cement Company. This Rare And Unique Offering Consist Of 78.84 Acres 73 Workable With 5.8 Acres of Ever Green Trees. Multiple Income Streams Are Attached To This Property. A Minimum Base Rent Until Extraction Commences Then Converts To Price Per Tonnage. Land Rent Paid By Farmer, A Tipping Fee Also As Material Is Brought Back To Property For Rehabilitation Purpose. Yearly Property Taxes Are Also Covered By Tenant
Extras:   Lease Commenced In 2023 and Runs Until 2044. This Property Is Currently Attached To A Former Gravel Quarry And Extraction Approvals are Currently In Place. Rehabilitation Is Mandatory And Company Has A History Of Completing Past Sites
Price $3,495,000
Taxes: $13,333
Tax Type: Annual
Occupancy by: Vacant
Address: 0 Eighth Line , Erin, N0B 1Z0, Ontario
Postal Code: N0B 1Z0
Province/State: Ontario
Legal Description: Pt L30 C8 Erin As In R0676309 Except 14
Directions/Cross Streets: Erin Garafraxa Townline
Zoning: A1 Prime Agricul
Category: Raw (Outside Official Plan)
Use: Gravel Pit/Quarry
Total Area: 78.87
Total Area Code:  Acres
Sewers: None
Water: None
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
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ROYAL LEPAGE RCR REALTY

0 Eighth Line , Erin, N0B 1Z0, Ontario


 
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At a Glance:
Type: Com - Land
Area: Wellington
Municipality: Erin
Neighbourhood: Rural Erin
Style:
Lot Size: 0.00 x 0.00(Acres)
Approximate Age:
Tax: $13,333
Maintenance Fee: $0
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