Royal LePage Don Hamilton Real Estate Brokerage
5680 Wellington Road 23 Erin, Ontario N0B 1T0
$3,875,000
Excellent investment opportunity super close to downtown Erin on a quiet paved road. ~50 arable acres leased year to year for $150/acre. Main bungalow was gutted to the studs ~ 8 years ago & has 2 self contained 2 bedroom units with month to month tenants who wish to stay ($3,100/month) for annual income of $44,600. Rent out the workshop for $40000/month for a potential annual income of $92,600. A new septic was installed by Chard ~ 5 years ago. The workshop was reclad, spray foam insulated & converted to elegant living space in 2013. The main level offers soaring 10 foot ceilings, engineered hardwood or ceramic floors, & a spacious den/home office with convenient separate entrance. The open concept kitchen offers abundant cabinetry, backsplash, island & granite counters & the dining room has a walk out to the 14' x 30' BBQ deck. All trim and doors are Poplar. There is also a 2-car garage with storage loft. Land is not eligible for severance under current Provincial regulations. (id:51300)
Property Details
| MLS® Number | X6036800 |
| Property Type | Agriculture |
| Community Name | Rural Erin |
| Farm Type | Cash Crop |
Building
| Cooling Type | Fully Air Conditioned |
| Size Interior | 2565 Sqft |
| Type | Unknown |
Land
| Acreage | No |
| Sewer | Septic System |
| Size Irregular | 75 X 75 Acre |
| Size Total Text | 75 X 75 Acre |
https://www.realtor.ca/real-estate/25622747/5680-wellington-road-23-erin-rural-erin
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July 18 2023 07:30:25
Toronto Real Estate Board
Royal LePage Rcr Realty