$2,795,000

1411 #56 Highway

Glanbrook ON, L0R 1P0

Description

PLEASE do not go direct. Barn & house are TENANT OCCUPIED. Property can be viewed from Hwy#56 VALUE IN THE LAND. Attention developers and investors! 29.67 Acres (3 parcels includes 1711 #56 Hwy)Preferred location for growth and opportunity." Currently Greenbelt. - The City of Hamilton is growing and the population is projected to increase to 660,000 by 2031. This property falls in Hannon area, the corridor between the growing Binbrook area & the Elfrida development area, which has been identified as the preferred location to accommodate new growth. This property comes with a long term tenant. Currently lease with less than 3 years remaining at an increasing rate from the current $48,000 /year to over $55,000 per year. This lease MUST be assumed & has an option for 5 year renewal.

Details

MLS#H4119328
Listing TypeFor Sale
StyleFarm or Ranch
Sub-TypeResale
StatusActive
Days On Site57

Features

SQ Feet1,500
Story(s)1 1/2 Storey
Acreage29.00

Market Activity L0R 1P0

J. Michael Ricottone LogoMLS Number: H4119328
Listing Provided By:
J. Michael Ricottone  of  SELLECT J. Michael Real Estate Ltd.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Hamilton-Burlington.
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Area Information
ProvinceON
CountyHamilton
CityGlanbrook
Postal CodeL0R 1P0
AreaHamilton
Community NameRural Glanbrook
School DistrictHamilton-Wentworth Catholic Dist
Listing VS Median (in Rural Glanbrook)
Price:
$2,795,000
low | high
Med:
$895,000
100% of Average
SqFt:
1,500
low | high
Med:
2,587
22.466666666667% of Average
$ / SqFt:
$1,863
low | high
Med:
$346
100% of Average
On Site:
57
low | high
Med:
34
100% of Average
Sourced by Back At You
Listing Updated: December 8, 2021 10:12:07 PM PST