0 Eighth Line

Erin | Rural Erin | N0B 1Z0
  • 78.87 sqft
  • 0 gar

$3,495,000

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

    180

  • Status

    A

Listing Broker ROYAL LEPAGE RCR REALTY
Since listed: 2 views

Home details

MLS #:

X8219106

Property type:
Land
Style:
Taxes:
$13,333
Possession:
TBA
Condo Fee:
Lot Size:
0.0 X 0.0
Zoning:
A1 Prime Agriculture
Use:
Gravel Pit/Quarry
Heat:

Description


0 Eighth Line, , Erin, Ontario is a 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 Approvals are Currently In Place. Rehabilitation Is Mandatory And Company Has A History Of Completing Past Sites.



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

Rena Alessa, Realtor

Similar properties you may like