0 EIGHTH LINE, Erin

2024-04-10
 

Quick Summary

Location
0 EIGHTH LINE, Erin, Ontario N0B1Z0
Price
$3,495,000 CAD
Status:
For Sale
Property Type:
Vacant Land

MLS®#X8219122

Property Description

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 Possibly Starting In The Next Year. Rehabilitation Is Mandatory And Company Has A History Of Completing Past Sites (id:32467)

Property Features

Building

  • Fireplace: No

Land

  • Land Size: . ; 78.84 Acres|50 - 100 acres

Zoning

  • Description: A1 Prime Agriculture

Information entered by ROYAL LEPAGE RCR REALTY
Listing information last updated on: 2024-09-04 03:55:39


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$500,000

Your One Percent Realty Commission savings

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Savings calculated using One Percent Realty's posted commission rates compared to another agent charging 5% + HST . Not all agents charge the same.

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