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$ 6,900,000
Est. payment | /mo
20 SqFt
$ 6,900,000
Est. payment | /mo
20 SqFt
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 20 sqft
Price per Sqft $345,000
MLS Listing ID E11885731
Annual Tax Amount $3,282
Tax Year 2023
Property Description
These 20.6 acres are designated "Employment Lands" in the Region of Durham 2023 Official Plan, as ratified by the Province of Ontario on Sept 3, 2024. The property has 1,273 feet frontage on north side of Highway 401 immediately west of Highway 35/115 Interchange. This location provides easy access toHwy 2, Hwy 401 & Hwy 35/115. Well maintained farmhouse (duplex) and outbuildings (see photos). MPAC Assessment states "Code 221 - Farm with residence - with commercial/industrial operation". Seller projects $183,000 net income (2024) from multiple revenue streams: a) long term lease with communication tower company, b) well established recreational vehicle storage business (since 1996 - see aerial views), c) municipal certified legal non-conforming residential duplex-farmhouse, d) 12 KVW Micro Fit Producer. See details of projected 2024 revenue/expense report in attachments (Schedule B). Buyer responsible for completing own due diligence. See MLS Listing for additional files. Seller will consider VTB.
Location
Province ON
County Durham
Community Rural Clarington
Area Durham
Region Rural Clarington
City Region Rural Clarington
Exterior
Community Features Major Highway, Public Transit
Utilities Available Yes
Listed by ROYAL SERVICE REAL ESTATE INC.