0 Eighth Line
Rural Erin, Erin, N0B 1Z0
FOR SALE
$3,495,000
Expired
$0
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BEDROOMS0
BATHROOMS0
KITCHENS0
ROOMSX8219122
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-04-10 | 2024-12-01 | 235 | $3,495,000 | - | Expired |
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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
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Property Details
Street
Community
City
Property Type
Vacant Land, Other
Acreage
50-99.99
Lot Irregularities
78.84 Acres
Fronting
South
Taxes
$13,333 (2023)
Heat Type
None
Air Conditioning
None
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