438 Rickard Road Clarington ON L1C 3K5
$ 6,900,000

Listing ID

#E11885731

Property Type

Land

County

Durham

Neighborhood

Rural Clarington

Days on website

35

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
Financial Information
List Price:  $ 6900000
Taxes:  $ 3282
Property Features
Area Influences:  Major Highway, Public Transit
Lot Shape:  Rectangular
Utilities:  Yes
Listed By:     ROYAL SERVICE REAL ESTATE INC.