$3,495,000 FOR SALE

Land

Total Area: 78.87 acres
2023 Taxes: $13,333

0 Eighth Line
Erin, ON N0B 1Z0 | Rural Erin | Wellington

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

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Listed By ROYAL LEPAGE RCR REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8219106
Last Updated May 03, 2024
Property Summary
Property Type Land

More like this:
Use Gravel Pit/Quarry
Category Raw (Outside Official Plan)
Legal Description Pt L30 C8 Erin As In R0676309 Except 14 Pt1 61R445
Occupancy Vacant
Possession Date TBA
Taxes (2023) $13,333
Tax Type Annual
Directions/Cross Streets Erin Garafraxa Townline
Neighbourhood Rural Erin
Area Wellington
Price History
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Detailed Information
Lot Irregularities 78.87 Acres
Total Area 78.87 acres
Sewers None
Utilities N
Water None
Lot/Bldg/Unit Code Lot
Zoning A1 Prime Agriculture
Seller Property Info Statement N

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