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Jeff Somlo

jeffsomlo@bhhstoronto.ca +1(647) 998-3693

$ 6,900,000

Est. payment -/mo

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438 Rickard RD Clarington, ON L1C 3K5

20 SqFt

UPDATED:

12/08/2024 03:11 PM

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.

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Jeff Somlo

Broker

+1(647) 998-3693

Jeff Somlo

438 Rickard RD Clarington, ON L1C 3K5

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438 Rickard RD