0 Eighth Line Sold Invalid date

Erin, Rural Erin, N0B 1Z0

$3,495,000$000000

Description

Listed by ROYAL LEPAGE RCR REALTY.

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

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

Location

View Map
  • Address: 0 Eighth Line
  • Neighborhood: Rural Erin
  • City: Erin
  • State: Ontario
  • Postal Code: N0B 1Z0

Property Details

  • Property ID: X8219106
  • Property Price: $3,495,000
  • Style: Land, Raw (Outside Official Plan)
  • Taxes: $13,333.00 (2023)
  • Lot: 0.00x0.00 (Acres) - 78.87 Acres

Contact Manoj Kukreja

Sales Representative, Re/max Premier Inc., Brokerage
(647) 576 - 2100