0 Eighth Line Erin, Ontario N0B 1Z0
$3,495,000
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:55499)
Property Details
| MLS® Number | X8219122 |
| Property Type | Vacant Land |
| Community Name | Rural Erin |
Building
Land
| Acreage | Yes |
| Size Irregular | . ; 78.84 Acres |
| Size Total Text | . ; 78.84 Acres|50 - 100 Acres |
| Zoning Description | A1 Prime Agriculture |
https://www.realtor.ca/real-estate/26729616/0-eighth-line-erin-rural-erin
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September 04 2024 03:55:39
Toronto Real Estate Board
Royal LePage Rcr Realty