Century Home With 4 Barns and 30+ Cleared Acres on Large Corner Lot in Trent Hills!! Possibility to Sever!! Assigned

  • $550,000
  • 3 beds
  • 2 baths
  • Unlisted sqft

Located at one of the highest points in Trent Hills with incredible views and 30+ acres of cleared, workable land, this stunning corner lot is the perfect investment for longterm profit! Featuring 4 barns, and a 1 ¾-storey, century home in an area where 1 acre lots are selling to builders to create dream homes at a massive markup, you can’t pass up the opportunity to capitalize on this hot and desirable market. Sever the lot for maximum profit potential, or turn this century home into a palace fit to command this sprawling domain. With parking for 10+ vehicles and only one “neighbour” across the street, this corner lot is the perfect place for privacy, development and investment! The average property in this area sells for $885,000, at only $550,000, you can’t pass up the opportunity to invest in a 30+ acre property!!

We are selling our assignable purchase contract.

Closing is June 15th, 2021
**As per our APS, the Seller is permitted to stay in the property until 12pm, 3 days after closing.**

WHAT are the options?
This well-kept, 1 ¾ -storey century home, situated on a large corner lot, with 30+ acres of cleared and workable acres of land is currently used to farm sheep, breed dogs, and grow hay. This property allows for multiple different exit strategies for the Investor.Option 1: Cosmetic updating of main home and barns to sell as a perfect hobby farm.Option 2: Major luxury flip and sell as a single-family home.Option 3: Option 1 or 2 and sever off lots to sell to builders (Buyer to verify).

Option 4: Tear down existing structures and create 1 acre, luxury lots to sell or build on (Buyer to verify).

PROPERTY FEATURES
  • 3 bedrooms 
    • Wall between second and third bedroom was opened to create additional sit-in space, though could easily be converted back to 3 separate bedrooms if desired
  • 2 bathrooms (1 full, 1 half)
    • Full bathroom upstairs
    • Powder room on main floor
  • Built in 1860 (as per MPAC)
  • Above grade: size unlisted (as per MPAC)
  • Unfinished basement: size unlisted (as per MPAC)
    • Ceiling height is approximately 6.3 ft (Buyer to verify)
  • Flooring is a mix of hardwood and tile
  • Appliances will not be included in sale
  • 100 AMP breaker panel and knob & tube
    • Half of the house is knob & tube, while the other half has been updated (as per Seller)
  • Wood burning furnace is approximately 20-years-old (as per Seller)
  • Oil furnace is unused and unknown age, tank is located in the basement (as per Seller)
  • HWT is owned, installed prior to the Seller taking possession (age unknown, as per Seller)
  • No central AC
  • Windows:
    • 2 windows in living room were updated 5-years-ago  (as per Seller)
    • 2 upstairs windows and 2 kitchen windows were updated 3-years-ago (as per Seller)
    • Door and window in extension where updated in fall of 2020 (as per Seller)
  • Roof was updated 2-years-ago, shingles coming off due to antenna (as per Seller)
  • Drilled well is 180 ft deep (as per Seller)
  • Septic was last emptied in 2020 (as per Seller)
  • 4 barns located on the property
    • 25 ft x 32 ft: steel roof was updated 2-years-ago (as per Seller)
    • 40 ft x 80 ft: Built in 2007 with steel roof (as per Seller)
    • 40 ft x 60 ft: Built in 2009 with steel roof (as per Seller)
    • 30 ft x 70 ft: Board and batten, will require foundational repairs (as per Seller)
  • 10+ car parking on large, unpaved, private driveway
  • Property taxes: approximately $2096/year (as per Seller)
  • Site area: 30.92 acres (as per MPAC)
  • Zoning: RU + EC (as per MPAC)
    • This property is mainly zoned RU (see HERE) — Buyer to verify

PROPERTY NEEDS

  • Cosmetic updating
  • Electrical to be updated
  • Option to demo the existing property and build a brand new one (Buyer to verify)
  • Foundation of board and batten barn needs to be reinforced

 

Please click HERE for more pictures and information.

Price:
$550,000
Address:
County Rd 25 & Concession Rd 8 E
Warkworth, ON
Square Feet:
Unlisted
Lot Size:
N/A
Bedrooms:
3
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Farm
Year Built:
1860
Basement:
Unfinished

Call (647) 400-2093 for more details

Property Location