5188 highway 26 Frwy, Clearview, Ontario L0M 1S0
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Highlights
Estimated ValueNot available
Price/Sqft$897/sqft
Est. Mortgage$12,454/mo
Tax Amount (2024)$6,200/yr
Days On Market40 days
Description
Large Acreage: With almost 90 acres of land, the property offers plenty of space for farming, recreational activities, or future development.Farming Potential: Approximately 50 acres are ideal for farming or a hobby farm, providing an opportunity for agricultural income or personal cultivation.Significant Rental Income: The property generates a solid short-term and long-term rental income of over $160,000 per year, making it a great investment opportunity.Additional Lease Income: Leasing the land to a farmer can earn you an additional $8,000 annually, enhancing the overall return on investment.Low Property Taxes: With property taxes around $6,000 per year, the holding costs for such a large piece of land are relatively low.Prime Location: The property is conveniently located within 10 minutes of Wasaga Beach and 15 minutes from Barrie, providing easy access to amenities, entertainment, and recreational spots.Outdoor Amenities: It features an in-ground swimming pool and a hot tub, which add to its appeal for personal enjoyment or as a rental feature.Ideal for Hunting: The property size and natural surroundings make it perfect for hunting enthusiasts, adding to its recreational value.Land Banking Opportunity: Investing in a large piece of land like this provides a great opportunity for land banking, where the property value could appreciate over time.Versatile Usage: Whether you are looking for a farming opportunity, a recreational retreat, a rental income property, or a long-term investment, this property offers a versatile range of use.
Property Details
Interior
Features
Main Floor
Living
0.00 x 0.00Hardwood Floor / O/Looks Pool / Large Window
Family
0.00 x 0.00Hardwood Floor / Fireplace Insert / W/O To Deck
Dining
0.00 x 0.00Open Concept / Eat-In Kitchen / W/O To Deck
Kitchen
0.00 x 0.00B/I Dishwasher
Exterior
Features
Parking
Garage spaces 2
Garage type Attached
Other parking spaces 30
Total parking spaces 32