6737 Highway 20, West Lincoln (Smithville), Ontario L0R2A0

Listing courtesy of NORTH 2 SOUTH REALTY.

$5,799,900
3
BD
2
BA

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List Price
$5,799,900
Status
ACTIVE
Days on Market
93
MLS® #
TorontoRegionalRealEstateBoard-X13422530
Style
Bungalow
Architectural Style
Bungalow
Bedrooms
3
Bathrooms
2
Subdivision
057 - Smithville
Neighborhood
057 - Smithville
MLS Area Major
057 - Smithville

Property Description

10-acre property inside the urban boundary, marked as commercial on the city block plan. The site includes a bungalow with 3 bedrooms, 2 bathrooms, a walkout basement, and kitchens on both levels. The home also features hardwood floors, a garage, and a carport. A 2,500 sq. ft. shop with a furnace provides heated workspace or storage. A cell tower lease is in place, starting June 1, 2023, for a five-year term with three additional five-year renewal options. Rent begins at $12,000 per year and increases with each extension. The property owner has the option to cancel the lease at each renewal, providing flexibility for future development while maintaining income until that time. (id:5764)

Additional Information

Exterior Features
Vinyl siding
Taxes
$6,784
Community Features
057 - Smithville
Property Description
Bungalow
Heating
Forced air, Natural gas
Air Conditioning
Central air conditioning
Stories
1
Foundation
Poured Concrete
Parking Features
Attached Garage, Garage

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Calculator source: Real Geeks