0 Eighth Line

Erin | Rural Erin | N0B 1Z0
  • 0
  • 0
  • 0

$3,495,000

Est. Mtg $11,850 /mo
  • Days on market

    228

  • Status

    New

Listing Broker ROYAL LEPAGE RCR REALTY
Since listed: 2 views

Home details

MLS #:

X8219122

Property type:
Vacant Land
Style:
Other
Taxes:
$13,333
Possession:
TBA
Lot Front:
0.0   Acres
Lot Depth:
0.0   Acres
Basement:
|
Driveway Pkg:
0
Heat:
|

Description


0 Eighth Line, , Erin, Ontario is a Vacant Land property in Erin and in the Rural Erin community in the N0B 1Z0 postal code


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.


History

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List Date End Date List Price End Price Status MLS #
2024-04 2024-04 $3,495,000 $3,495,000 New X8219122
2023-09 $777,000 $777,000 X6948486
2024-05 $3,495,000 $3,495,000 X8219106

Comparables

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sold Date Address List Price sold Price DOM
2019-04 5127 Trafalgar Rd, $998,000 $970,000 154

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity All Property Types

Sale activity

Erin :

Average sale price
Properties sold
New Listings
Days on Market
Sale $ / List $
Year on Year Growth


Estimated running costs for 0 Eighth Line

Based on available 3rd party data

$13097

Approximate costs per month

Mortgage
$11850 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$1111 p/m
Maintenance
$0 p/m

Amenities:

Features:

Listing Broker ROYAL LEPAGE RCR REALTY
Data Source: TRREB

Payment calculator

$12962 monthly. In association with: TD Bank
%
  • Principal and Interest
    11850 /mo
  • Property Taxes
    $1111 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Mike Zamani, Realtor

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