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$1,200,000
Est. payment /mo
83 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 83 sqft
Price per Sqft $14,457
Subdivision 8008 - Rideau Twp S Of Reg Rd 6 W Of Mccordick Rd.
MLS Listing ID X12386026
Annual Tax Amount $28,974
Tax Year 2025
Property Sub-Type Land
Lot Depth 4210.67
Lot Front 149.65
Property Description
Hands off investment opportunity here, with a proven track record of more than a decade. Become the owner of company that owns these eighty plus acres of high and dry land right across from the mighty Rideau River and receive more than $65,000 in rental income for the next dozen years at least. This is an opportunity for the right investor to set up themselves or their family for decades to come. While the solar farm tenants cover all the taxes and insurance you can investigate future development plans on the land or design your own beautiful estate for when the lease is up. You'll be receiving better than a 5% on your money with the option to increase the rent in the final five years of the contract and a potential for an additional five year term at the lessee's option. Traditional financing is not an option for this property and the vendor is not interested in a VTB, so have cash in account or your ducks in a row. Do not visit the property as it is a secure site.
Location
Province ON
County Ottawa
Community 8008 - Rideau Twp S Of Reg Rd 6 W Of Mccordick Rd.
Area Ottawa
Zoning RU[913r]-h
Exterior
Utilities Available Yes
Lot Frontage 149.65
Lot Depth 4210.67
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Listed by ROYAL LEPAGE TEAM REALTY
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