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:50787)
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
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
September 04 2024 03:55:39
Toronto Real Estate Board
Royal LePage Rcr Realty