0 Eighth Line, Erin, Ontario N0B 1Z0

Listed for:
$3,495,000
0 beds
0 baths
Listed 18 days ago
0 Eighth Line, Erin, Ontario N0B 1Z0

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Listing provided by:
ROYAL LEPAGE RCR REALTY
MLS® number:
X8219122
Agent:
Drew Elliott
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About

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 (id:27476)

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Heating fuel
Fireplace
No
Construction material
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