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:12481)
MLS® Number | X8219122 |
Property Type | Vacant Land |
Community Name | Rural Erin |
Acreage | Yes |
SizeIrregular | . ; 78.84 Acres |
SizeTotalText | . ; 78.84 Acres|50 - 100 Acres |
ZoningDescription | A1 Prime Agriculture |
https://www.realtor.ca/real-estate/26729616/0-eighth-line-erin-rural-erin
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Phil Spoelstra
Broker of Record
Ron Steenbergen
Broker