$6,900,000 $37,041 est/mo Sourced by Back At You

438 Rickard Rd,Clarington, ON L1C 3K5

Clarington ON, L1C 3K5

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Description

The Ontario Court of Justice has ruled the RV Storage Business operating on this property is a legal non-conforming use. These 20.6 acres are designated "Employment Lands" in the Region of Durham Official 2023 Plan. 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. Copy of Ontario Court of Justice dated May 10, 2024 is available upon request.

Details

MLS#E8199738
Listing TypeFor Sale
StyleFarm or Ranch
Sub-TypeResale
StatusActive
Days On Site107
Listing Provided ByROYAL SERVICE REAL ESTATE INC. | Not Provided

Features

ZoningDesignated "Employment Lands" in
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

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Listings Checked: 2 hours ago
ProvinceON
CountyClarington
CityClarington
Postal CodeL1C 3K5
AreaDurham
Community NameRural Clarington
Listing VS Median (in Rural Clarington)
Price:
$6,900,000
low | high
Med:
$0
On Site:
107
low | high
Med:
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $0 - $0
SqFt: 0 - 0
Nearby Listings Property ImageNearby Listings Details
7131 Bathurst St Property Photo 1
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Listing Updated: July 8, 2024 at 4:55:26 PM PDT