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$40,000.00 CDN - File 110  - 37.6 acres in Lamarche Township $40,000 Canadian

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File 110  - 37.6 acres in Lamarche Township $40,000 Canadian

 

BECOME A HOBBY FARMER

START A SMALL HOBBY FARM

RAISE SHEEP

MAKE YOUR OWN CHEESE

GROW YOUR OWN VEGETABLES

RAISE SOME CHICKENS

GET A HORSE

ENJOY THE RURAL LIFESTYLE

 

A nice property only 3.1 kilometers or almost 2 miles east of Highway 11 south of the Town of Cochrane in Northeastern Ontario.

Lamarche Township falls within the boundary of the Town Of Cochrane so it is AN ORGANIZED TOWNSHIP.

The property to the immediate east was recently survey, so the two common  corner posts are marked with a metal post and flagging tape so it will be easy to find those two corners.

 

The property has 190 meters or 623 feet of frontage on Nahma Road AND 801 meters or about 2,630 feet of depth.

 

Nahma Road is a municipally maintained road that is plowed in winter and OPEN YEAR ROUND.

Electrical power runs along Nahma Road so if you want you can hook up to the grid or stay OFF THE GRID.

 

SURFACE RIGHTS COME WITH THIS PROPERTY

MINERAL RIGHTS COME WITH THIS PROPERTY

TREE RIGHTS COME WITH THIS PROPERTY

 

There used to be an old homestead here at one time but over the years the old buildings were torn down and removed.

 

The original driveway entrance has long been gone so a new one would have to be installed by the new owner.

 

From the aerial photos we can see where the old hay fields were on the front half of the property.

The front half is higher than the rear half of the property.

The rear half appears to be wet at certain times of the year.

The big game would tend to remain in the lower half of the property because it is wetter at times.

 

The Cochrane area is a nice area to live in.

The people are friendly.

Everything is close by.

 

This property is zoned RURAL.

The primary uses permitted in the Rural Area are agriculture, forestry, mineral and aggregate exploration, recreation and tourism, mining and other resource development uses and activities, and low-density rural residential and recreational dwellings.

Secondary dwelling units are permitted in accordance with the secondary dwelling unit policies of this Plan.

Agriculture-related commercial and agricultural-related industrial uses that are small in scale and directly related to the farm operation and required to be located in close proximity to the farm operation, such as grain drying, handling and storage facilities, are permitted uses.

The following uses may be permitted in the Rural Area designation without a Zoning By-law amendment provided they are compatible with the main uses as listed in Policy 1 above:

home occupations and home industries, group homes, bed and breakfast facilities;, single detached dwelling units and any associated secondary dwelling units, provided that:

AS YOU CAN SEE THERE ARE MANY PERMITTED USES IN THIS ZONING.

 

WANT TO BE A HOBBY FARMER?

Sources “ FARM NORTH.COM”, “The Ontario Grain Farmer Magazine”

Ag Overview

Based on the 2016 Census, there are 159 farms in the District with almost 10,000 hectares in crop production. The growing season ranges between 150 & 160 days. A significant Mennonite agricultural community has grown in the District, specifically around the Matheson area. The Cochrane District contains the Ontario portion of the Clay Belt and is the focus of the current Northern Ontario Beef Expansion Project, spearheaded by the Beef Farmers of Ontario.

Climate and Soil

From May-October 2016, Cochrane had an average of 545 mm of precipitation, 1,426 growing degree days and 2,226 crop heat units. Cochrane lies in plant hardiness zones 3a & 3b. Soils are primarily Gray-Luvisol, Gleysol & Mesisol – the district features deep soils with a mix of well and poorly drained clays, covered by organic deposits. The majority of Class 2-4 soils are located in and around the communities that lie along the Claybelt, including Timmins, Cochrane, Iroquois Falls, Matheson and Kapuskasing.

This fertile soil is perfect for growing hay, oats, corn and grazing cattle and sheep and pigs.

“There are many opportunities for cool season crops such as canola, oats, barley, faba beans, peas, potatoes, Sweetcorn and corn for silage and buckwheat in the northern region.”

Plus Livestock such as;

Poultry and eggs, Beef cows, sheep and lambs, steers, dairy cows,

 

The seller will finance a sale as long as you have at least 35% down payment.

On a $40,000 Canadian purchase price you will need a minimum of $14,000 Canadian down payment.

The seller will hold an OPEN MORTGAGE for $26,000 Canadian at 8% interest over a term of  5 or 7 years.

On a 5 year term and a 5 year amortization period the mortgage payment will be $525.57 CDN per month.

On a 5 year term and a 10 year amortization period the mortgage payment will be $313.67 CDN  per month

On a 5 year term and a 15 year amortization period the mortgage payment will be $246.52 CDN per month

On a 7 year term and a 7 year amortization period the mortgage payment will be $403.56 CDN per month

YOU CHOOSE WHAT TERM AND AMMORTIZATION PERIOD WORKS FOR YOU!

 

The Town Of Cochrane loves to celebrate its northern culture.

Events like the Torch Light Parade, Summerfest, the annual Fall Fair, and Heritage Days all embody the close-knit, family fun philosophy of the town.

Take advantage of abundant white gold (SNOW) and enjoy the 650 kilometres of well groomed, safe and adventurous snowmobile trails, all within Cochrane’s backyard!

The trail network features directional signs that extend to Greenwater Provincial Park, Smooth Rock Falls, Timmins, Iroquois Falls, and Québec.

In addition to the trails network, there are an ample amount of local trails.

 

Cochrane is the birthplace of Tim Horton, a member of the Hockey Hall of Fame who founded the Tim Hortons doughnut and coffee shop chain back in 1964.

Horton also grew up playing ice hockey in Cochrane.

 

NEED HELP IN BUYING THIS PROPERTY?

The Seller will finance a purchase.

In Canadian funds

The seller will finance a sale as long as you have at least 35% down payment.

On a $40,000 purchase price you will need a minimum of $14,000 down payment.

The seller will hold an OPEN MORTGAGE for $26,000 at 8% interest over a term of 5 or 7 years.

On a 5 year term and a 5 year amortization period the mortgage payment will be $525.57 per month.

On a 7 year term and a 7 year amortization period the mortgage payment will be $403.56 per month

On a 5 year term and a 10 year amortization period the mortgage payment will be $313.67 per month

On a 5 year term and a 15 year amortization period the mortgage payment will be $246.52 per month

YOU CHOOSE WHAT TERM AND AMMORTIZATION PERIOD WORKS FOR YOU!

In US funds

The seller will finance a sale as long as you have at least 35% down payment.

On a $29,500 USD purchase price you will need a minimum of $10,500 USD down payment.

The seller will hold an OPEN MORTGAGE for $19,000 USD at 8% interest over a term of 5 or 7 years.

On a 5 year term and a 5 year amortization period the mortgage payment will be $384.07 USD per month.

On a 7 year term and a 7 year amortization period the mortgage payment will be $294.91 USD per month.

On a 5 year term and a 10 year amortization period the mortgage payment will be $229.22 USD per month.

On a 5 year term and a 15 year amortization period the mortgage payment will be $180.15 USD per month.

YOU CHOOSE WHAT TERM AND AMMORTIZATION PERIOD WORKS FOR YOU!

NOTE: IF YOU HAVE A LARGER DOWN PAYMENT WE CAN MAKE THE PAYMENT CALCULATIONS FOR YOU

Property Photos

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