Turnkey Bungalow Duplex with a Cash-Flowing Horse Barn on 10 Acres in Sheffield, ON (10 mins from Cambridge)!! Assigned

  • $999,000
  • 4 beds
  • 3 baths
  • 1500 sqft

Rare opportunity! This is a 10 acre, rural hobby farm property which features a raised bungalow with 2, standalone units, and a unique full equestrian facility including 11 horse stalls, tack and feed rooms, fenced pastures, indoor riding ring,  and an outdoor, fenced riding area. The property is conveniently located just off of Highway 8 in the town of Sheffield, ON (within the municipality of Hamilton). It is 10 minute drive to the heart of downtown Cambridge, and a 5 minute drive from African Lion Safari. Very close to Hamilton and Guelph as well, this property is fantastic for future tenants.

We are selling our assignable purchase contract.

Closing is October 30th, 2020

Please click HERE for more information and pictures.

Price:
$999,000
Address:
Safari Rd
Sheffield, ON
Square Feet:
1500
Lot Size:
10 Acres
Bedrooms:
4
Bathrooms:
3
Terms:
Assignment of Contract
Property Type:
Farm
Year Built:
1968
Basement:
Finished

Additional Features

PROPERTY FEATURES 3+1 bedrooms 3 bathrooms Built in 1968 Above grade: 1500 sq ft Renovations (2018, as per Seller) Windows Bathrooms Completed kitchen in basement unit Cement patio Shingles 200 AMP breaker panel (2016) Oil heating with a newer forced central air furnace Wood burning stove Well and septic (cleaned and maintained regularly, as per Seller) The land is improved with a large outdoor riding ring, multiple accessory and storage sheds, multiple fenced pastures for grazing, outer shelters and feeding pens Tractor and riding mower included with the property Lot size: 660 ft x 661 ft (10 acres) Zoning: Agricultural Upstairs Unit: 3 bedrooms 2 bathrooms Den/office area Living room Full kitchen Basement Unit: 1 bedroom 1 bathroom living room and kitchen separate entrance Equestrian Facility: (horses are currently boarded for $400/month per horse) Indoor riding ring 11 horse stalls + foaling stalls Hay loft Tack and feed rooms Storage rooms The Seller has had a lot of demand for both the basement rental unit, and for the horse storage whenever they posted ads online. There are many interested horse owners in the area, and this property has an indoor riding ring which is rare in the area and is attractive to local horse owners. There is an opportunity to increase horse stabling fees to $600/month per horse, for a potential maximum annual revenue of approximately $79,000 (this revenue would be just from the horses). PROPERTY NEEDS Flooring to be replaced Dishwasher on main floor should be replaced Cosmetic updates to the exterior of the house could add major value

Call (647) 400-2093 for more details

Property Location