For Sale Vacant Land

4635 Donnelly Drive

$989,000
Ottawa, Ontario K0G 1N0 MLS® X12856722
83 Acres Interior
83.07 Ac Lot size
Acreage

About this home

Hands off investment opportunity here, with a proven track record of more than a decade. Become the owner of company that owns these eighty plus acres of high and dry land right across from the mighty Rideau River and receive more than $65,000 in rental income for the next dozen years at least. This is an opportunity for the right investor to set up themselves or their family for decades to come. While the solar farm tenants cover all the taxes and insurance you can investigate future development plans on the land or design your own beautiful estate for when the lease is up. You'll be receiving better than a 5% on your money with the option to increase the rent in the final five years of the contract and a potential for an additional five year term at the lessee's option. Traditional financing is not an option for this property and the vendor is not interested in a VTB, so have cash in account or your ducks in a row. Do not visit the property as it is a secure site. (id:28469)

Facts & features

Property

MLS® Number
X12856722
Property Type
Vacant Land
Community Name
8008 - Rideau Twp S of Reg Rd 6 W of Mccordick Rd.
Farm Type
Other
Features
Irregular Lot Size

Building

Size Interior
83 Acres

Land

Acreage
Yes
Size Depth
4210 Ft ,8 In
Size Frontage
149 Ft ,7 In
Size Irregular
83.07
Size Total
83.07 Ac
Size Total Text
83.07 Ac
Zoning Description
Ru[913r]-h

Monthly payment estimate

$
Estimated payment per month
Mortgage amount
Total interest

Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.

Location

4635 Donnelly Drive, Ottawa, Ontario K0G 1N0  ·  Get directions