505 BENNETT ROAD
North Grenville, Ontario
MLS® X13753308
$1,199,900
- Status
- Active
- Property type
- Vacant land
- MLS® number
- X13753308
- Bedrooms
- —
- Bathrooms
- 0
- Year built
- —
1 / 6Listing description
Investment opportunity for future sand and aggregate supply. This 50-acre property includes over 40 acres zoned for Mineral Aggregate and past test holes suggest high quality concrete grade sand. Whether purchasing as an investment or for immediate use, the property price has recently reduced price and creates an attractive buy.
The separately owned land on the east side is already a permitted mineral Aggregate extraction pit, lending to an obvious president for a pit permit approval on this land too. On the west side is also mineral aggregate land expected to also be a future pit. Ministry letters on file confirm no wetlands zoning remain on the land.
Note there is an unused Bell easement near the roadside end of the property that is not expected to be utilized and poles and lines already run adjacent to Bennett Rd. Currently the seller leases the land to a local farmer for seasonal crops. This is renewed annually.
There is an existing culvert and access to the land, presently used by the leaseholder. Sand and gravel continue to be in demand throughout Eastern Ontario. Being zoned Mineral Aggregate provides a positive start for a successful future.
Property summary
- MLS® number
- X13753308
- Property type
- Vacant Land
- Land size
- 636 x 3428 FT ; 0
- Annual property taxes
- $649.00
- Days on market
- 27 days
What would this home cost you?
Based on the $1,199,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX AFFILIATES MARQUIS, Smiths Falls.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.