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$6,900,000

438 RICKARD ROAD
Clarington, Ontario L1C3K5

ID# E8199738
The Ontario Court of Justice has ruled the RV Storage Business operating on this property is a legal non-conforming use. These 20.6 acres are designated ""Employment Lands"" in the Region of Durham Official 2023 Plan. The property has 1,273 feet frontage on north side of Highway 401 immediately west of Highway 35/115 Interchange. This location provides easy access toHwy 2, Hwy 401 & Hwy 35/115. Well maintained farmhouse (duplex) and outbuildings (see photos). MPAC Assessment states ""Code 221 - Farm with residence - with commercial/industrial operation"". Seller projects $183,000 net income (2024) from multiple revenue streams: a) long term lease with communication tower company, b) well established recreational vehicle storage business (since 1996 - see aerial views), c) municipal certified legal non-conforming residential duplex-farmhouse, d) 12 KVW Micro Fit Producer. See details of projected 2024 revenue/expense report in attachments (Schedule B). Buyer responsible for completing own due diligence. See MLS Listing for additional files. Seller will consider VTB. Copy of Ontario Court of Justice dated May 10, 2024 is available upon request. (id:58777)
Courtesy of ROYAL SERVICE REAL ESTATE INC.

Listed on: April 03, 2024

On market: 114 days

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Royal LePage ProAlliance Realty, Brokerage

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