438 Rickard Road Clarington, ON L1C 3K5
Listing Courtesy of:  CREA / Royal Service Real Estate Inc.

  438 Rickard Road Clarington, ON L1C 3K5

Active (114 Days)

Description

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:41440)

MLS®:
E8199738
Type
Land
County
Regional Municipality of Durham

Listed By

Jim Abernethy, Royal Service Real Estate Inc.
Source
CREA
Last checked Jul 27 2024 at 12:44 AM GMT+0000
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Disclaimer: REALTOR.CA The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Listing Data Last Updated: 7/26/24 17:44