Eighth Line, Erin | Image 1

Eighth Line

Erin, Rural Erin

  • Commercial

$3,495,000
For Sale

Added 7 months ago

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  • Type: Land

  • Property Type: Commercial

  • Business Type: Gravel Pit/Quarry

  • Zoning: A1 Prime Agricul

  • Age: No Data

  • Taxes: 13333

  • MLS®#: X8219106

  • Days on Site: 23 Days

  • Added: Apr 10, 2024 (7 months ago)

  • Updated:

  • Last Checked: 8 hours ago

  • Listed By: ROYAL LEPAGE RCR REALTY

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

Property

  • Status: Sale

  • Type: Gravel Pit/Quarry

  • Property Type: Land

  • Property Type: Raw (Outside Official Plan)

  • Area: Erin

  • Community: Rural Erin

  • Availability Date: TBA

Utilities

  • Utilities: No

Building

  • Energy Certificate: N

  • Green Verification Status: N

  • Water Supply: None

Fees

  • Tax Year: 2023

  • Tax Legal Description: Pt L30 C8 Erin As In R0676309 Except 14 Pt1 61R445

  • Taxes: $13,333

  • Taxes Type: Annual

Land

  • Cross Street: Erin Garafraxa Townl

  • Municipality District: Erin

  • Sewer: None

  • Lot Irregularities: 78.87 Acres

  • Zoning: A1 Prime Agricul

Commercial Specific

  • Total Area: 78.87

  • Total Area Metric: Acres

  • Lot Code: Lot

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Car-Dependent

  • Almost all errands require a car.
4 /100

Somewhat Bikeable

  • Almost all errands require a car.
9 /100
Map of Eighth Line, Erin
JK-6

Alton Public School

Elementary: Public
8.49 km
JK-6

Ross R MacKay Public School

Elementary: Public
1.35 km
JK-8

East Garafraxa Central Public School

Elementary: Public
8.06 km
JK-8

St John Brebeuf Catholic School

Elementary: Catholic
0.93 km
JK-8

Erin Public School

Elementary: Public
5.53 km
JK-6

Brisbane Public School

Elementary: Public
7.11 km
11-12

Dufferin Centre for Continuing Education

Secondary: Public
14.06 km
9-12

Acton District High School

Secondary: Public
18.76 km
9-12

Erin District High School

Secondary: Public
5.32 km
9-12

Westside Secondary School

Secondary: Public
12.17 km
Pre-Grade 9-12

Centre Wellington District High School

Secondary: Public
21.06 km
Pre-Grade 9-12

Orangeville District Secondary School

Secondary: Public
14.26 km

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5680 Wellington Road 23, Erin | MLS: X9311788
For Sale
2 months ago
$3,498,000
  • 0 bath
  • 0 bed

5680 Wellington Road 23, Erin, Ontario • N0B 1T0 • Rural Erin