Investment opportunity, Granite Quarry in South River. Complete with Class A license (to operate both Pit and Quarry). As per the license details, the maximum annual tonnage for this site is unlimited. Therefore income potential is also unlimited. Conservative calculations, of per ton value X available granite on the property, the revenue potential in the 100s of millions. Nestled in the picturesque unorganized township, lies this substantial financial investment, add to your portfolio Or begin your dream! The region's rich geological history, known as the Canadian Shield provides the region with an abundance of this multi-coloured, high-quality granite. The quarry itself spans 61 acres, offering ample space to expanding extraction. Many years from now, when the granite is exhausted from the 61 acres, the property could be easily converted to another use. Granite is highly sought-after material in construction, architecture, and landscaping due to its durability, versatility, and aesthetic appeal. Seller will consider a VTB, (OAC with substantial cash down payment). Please be sure to have your Agent check the documents attached to this Listing. For ease of research, this specific property located on Rye Road, South River, reference PIN 520520411. (id:47423)
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Detailed Information
Lot
669 x 0 ft
Features
Country residential
Listing Contract Date
2024-05-30
Location Description
Follow ON Highway 11 to McFadden Line/ON-522 E in Powassan. Take exit 301 from Highway 11 Continue on ON-522 E. Drive to Rye Rd, Turn Left
Ownership Type
Freehold
Property Type
Vacant Land
Transaction Type
For sale
Zoning Description
INDUSTRIAL
Building
Basement Type
None
Utility Water
None
Land
Total Size
61.354 acres
Access Type
Highway access
Acreage
Yes
Sewer
No sewage system
Size of Irregular Land
61.354
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