10-acre property inside the urban boundary, marked as commercial on the city block plan. The site includes a bungalow with 3 bedrooms, 2 bathrooms, a walkout basement, and kitchens on both levels. The home also features hardwood floors, a garage, and a carport. A 2,500 sq. ft. shop with a furnace provides heated workspace or storage. A cell tower lease is in place, starting June 1, 2023, for a five-year term with three additional five-year renewal options. Rent begins at $12,000 per year and increases with each extension. The property owner has the option to cancel the lease at each renewal, providing flexibility for future development while maintaining income until that time. (id:4069)
Address
6737 HIGHWAY 20
List Price
$5,799,900
Property Type
Other
Transaction Type
Sale
Area
Ontario
Sub-Area
Smithville
Floor Area
1,002 Sq. Ft.
Lot Size
10.134 Sq. Ft.
Year Built
2003
MLS® Number
40771073
Listing Brokerage
Re/Max Twin City Realty Inc.
Basement Area
Full
Postal Code
L0R2A0
Zoning
A
Features
Crushed stone driveway
