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Jacqueline Guagliardi
Broker
P: 519-941-5151
F:
Listing #
$3,650,000
Address
- 5680 Wellington Road 23 Erin, , Wellington N0B 1T0
- Farm Type:Cash Crop, Hobby
Property Description
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 and has 2 self contained 2 bedroom units with month to month tenants who wish to stay ($3100/month) for annual income of $ 44,60-0. Rent out the workshop for $ 4000/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 walkout to the 12'x30' 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.
Residence
Bungalow with 2 apartments.
Property Details
- Total Acreage: 75 acres
- Services: Septic , Well Water