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Key Facts
Key facts for 5680 Wellington Road 23
Property Type
Commercial
Parking
-
MLS #
X6036800
Size
-
Basement
N
Listed on
-
Lot size
75 x 75.00
Tax
$5,509.85 /yr
Days on Market
-
Approximate Age
6-15
Maintenance Fee
-
Description
Excellent investment opportunity super close to downtown Erin on a quiet paved road. ~50 arable acres leased year to year for $150/acre. Main bungalow was gutted to the studs ~ 8 years ago & has 2 self contained 2 bedroom units with month to month tenants who wish to stay ($3,100/month) for annual i...ncome of $44,600. Rent out the workshop for $40000/month for a potential annual income of $92,600. A new septic was installed by Chard ~ 5 years ago. The workshop was reclad, spray foam insulated & converted to elegant living space in 2013. The main level offers soaring 10 foot ceilings, engineered hardwood or ceramic floors, & a spacious den/home office with convenient separate entrance. The open concept kitchen offers abundant cabinetry, backsplash, island & granite counters & the dining room has a walk out to the 14' x 30' BBQ deck. All trim and doors are Poplar. There is also a 2-car garage with storage loft. Land is not eligible for severance under current Provincial regulations.
