$6,900,000
FOR SALE

Land

Lot: 860 x 1,325 ft

438 Rickard Road
Clarington, ON L1C 3K5

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. (id:47421)
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Listed By ROYAL SERVICE REAL ESTATE INC.
Data Provided By Central Lakes Association of REALTORS®
MLS® Listing Number E11885731
Last Updated Dec 08, 2024
Property Summary
Property Type Land

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Community Rural Clarington
Price History

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Detailed Information
Lot 860 x 1,325 ft
Amenities Nearby Highway, Public Transit
Farm Type Other
Listing Contract Date 2024-12-07
Location Description Exit Hwy 401 at Bennett Rd, go 3/4 Km north to Hwy 2, go 3/4 Km east to Rickard Road, go south to property .
Property Type Vacant Land
Transaction Type For sale
Zoning Description Designated \"Employment Lands\" Durham OP
Building
Land
Total Size 860 x 1325 FT ; yes
Amenities Highway, Public Transit
Size of Irregular Land 860 x 1325 FT ; yes

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