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$ 5,799,900
Est. payment | /mo
1 Bath
$ 5,799,900
Est. payment | /mo
1 Bath
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision 057 - Smithville
MLS Listing ID X13422520
Annual Tax Amount $6,784
Tax Year 2025
Property Sub-Type Land
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.
Location
Province ON
County Niagara
Area Niagara
Exterior
Utilities Available Yes
Others
ParcelsYN No
Listed by NORTH 2 SOUTH REALTY
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