2565 sqft
Fully Air Conditioned
$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:50976)
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
