0 Eighth Line
Rural Erin Erin N0B 1Z0

$3,495,000
Freehold beds: 0 baths: 0.0

Main Photo: 0 Eighth Line in Erin: Rural Erin House (Other) for sale : MLS®# X8219122
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Status:
Active
Prop. Type:
Freehold
MLS® Num:
X8219122
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
Property Type:
Freehold
Freehold Type:
Vacant Land
Home Style:
Other
Lot Size:
50-99.99
Exposure:
South
Bedrooms:
0
Bathrooms:
0.0
Water supply:
None
Fractional Ownership:
No
Zoning:
A1 Prime Agriculture
Possession Details:
TBA
Lot Irregularities:
78.84 Acres
Taxes:
$13,333 / 2023
Assessment:
$- / -
Floor
Ensuite
Pieces
Other
-
0
Rural Erin
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
None
Utilities Cable:
No
Utilities Telephone:
No
Utilities Gas:
No
Utilities Hydro:
No
Energy Certification:
No
Special Designation:
Unknown
Sewer:
None
Seller Property Info Statement:
No
Date Listed:
Apr 10, 2024
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Listed by ROYAL LEPAGE RCR REALTY
Data was last updated October 22, 2024 at 11:55 AM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$1,049,000
Min list price:
$499,000
Max list price:
$4,550,000
Avg days on market:
89
Min days on market:
19
Max days on market:
269
These statistics are generated based on the current listing's property type and located in Rural Erin. Average values are derived using median calculations.