5680 WELLINGTON ROAD 23, Erin, Ontario N0B 1T0

Excellent investment opportunity super close to downtown Erin on a quiet paved road. ~50 arable acres leased year to year for $175/acre. Main bungalow was gutted to the studs ~ 9 years ago & has 2 self contained 2 bedroom units with good tenants who wish to stay ($3,450/month) for total annual income of $50,150. A new septic was installed by Chard ~ 8 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, ... read more

Excellent investment opportunity super close to downtown Erin on a quiet paved road. ~50 arable acres leased year to year for $175/acre. Main bungalow was gutted to the studs ~ 9 years ago & has 2 self contained 2 bedroom units with good tenants who wish to stay ($3,450/month) for total annual income of $50,150. A new septic was installed by Chard ~ 8 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. (id:25417)