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.
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
