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$260,000.00 CDN - File 114  - 11 Properties 1,557 Acres

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File 114  - 11 Properties 1,557 Acres $260,000 Canadian

 

There's something thrilling about the idea of buying land—raw, untouched property which you can call your own.

If you are seeking large parcel ownership in a secluded wilderness setting in Northeastern Ontario free of noise and pollution, then you should talk to us about this outstanding opportunity to own a large land grouping.

If you are looking for an investment opportunity to hold land for 5 to 10 years or longer hold then perhaps you should talk to us about this large land package.

Owning private hunting land allows you to create a real and lasting legacy on your property for generations after you.

Whether it’s a small hunting shack situated on 40 acres “up north” in the woods or simply the family farm you grew up on, owning private land is a real blessing.

You have so many possibilities before you.

Even if you only intend on selling it instead of keeping it in the family, managing your property for timber, wildlife, or other purposes often adds value to it, which you can recoup upon sale.

 

A huge landholding comprised of 11 properties for a total of 1.557 acres.

The 11 properties are spread over 4 different townships.

 

Check the PROPERTY MAP showing all the 11 parcels of land.

 

Here is a breakdown of the properties by Township

320.5 acres in Wark Township

Property #1 @160.5 acres

Surface Rights come with this property.

Mineral Rights            come with this property. (Note; there is a 2% net smelter royalty to a previous owner).

Tree Rights come with this property except for the “pine trees” which are reserved to the Crown

This property has about 2,000 feet or about 610 meters of the North Porcupine River flowing through the southeast corner.

Property #2 @160 acres

Surface Rights come with this property.

Tree Rights come with this property except for the “pine trees” which are reserved to the Crown.

This property has about 2,400 feet or about 740 meters of the North Porcupine River flowing through the southwest corner.

192 acres in Murphy Township

Property # 3 @ 192 acres

Surface Rights come with this property.

Mineral Rights come with this property (Note; there is a 2% net smelter royalty to a previous owner).

Tree Rights come with this property except for the “pine trees” which are reserved to the Crown.

This property has about 1.2 kilometers or about 4,190 feet of the North Porcupine River flowing diagonally through the easterly section of the property.

883 acres in Gowan Township

Property # 4 @ 160.5 acres

Surface Rights come with this property.

Mineral Rights come with this property.

Tree Rights come with this property except for the “pine trees” which are reserved to the Crown.

Property # 5 @ 159 acres

Surface Rights come with this property.

Mineral Rights come with this property.

Tree Rights come with this property except for the “pine trees” which are reserved to the Crown.

The northeast corner of the property touches GowanMarsh Lake.

Property # 6A @ 40 acres

Surface Rights come with this property.

Tree Rights come with this property except for the “pine trees” which are reserved to the Crown.

Property # 6B @ 40 acres

Surface Rights come with this property.

Tree Rights come with this property except for the “pine trees” which are reserved to the Crown.

Property # 7 @ 161 acres

Surface Rights come with this property.

Mineral Rights come with this property (Note; there is a 2% net smelter royalty to a previous owner).

Tree Rights come with this property except for the “pine trees” which are reserved to the Crown.

Property # 8 @ 162.5 acres

Surface Rights come with this property.

Tree Rights come with this property except for the “pine trees” which are reserved to the Crown.

Property # 9 @ 160 acres

Surface Rights come with this property.

Tree Rights come with this property except for the “pine trees” which are reserved to the Crown.

161.5 acres in Hoyle Township

Property # 10 @ 161.5 acres

Surface Rights come with this property.

Mineral Rights come with this property (Note; there is a 2% net smelter royalty to a previous owner).

Tree Rights come with this property except for the “pine trees” which are reserved to the Crown.

 

ALL THESE PROPERTIES TOGETHER TOTAL 1,557 ACRES.

 

PROPERTY RIGHTS THAT COME WITH THIS LAND GROUP

SURFACE RIGHTS and MINERAL RIGHTS are on 994.5 Acres

SURFACE RIGHTS ONLY (SRO) are on 562.5 Acres

TREE RIGHTS come with all the properties except for the “pine trees” which are reserved to the Crown.

That reservation does not affect these properties as there are NO PINE TREES ON THESE PROPERTIES.

Note; there is a 2% net smelter royalty to a previous owner on 4 of the properties.

 

TREES

None of the 11 properties have had the trees harvested.

These are all wooded properties.

A good opportunity to have the trees harvested and recover a good portion of the purchase price.

If you want to recover some of your investment then harvest the wood on these properties or have it harvested by a timber contractor who will pay you a stumpage fee (royalty) to harvest the wood.

We have a Foresters report showing the types of wood and the amount of available wood within this land grouping.

There is a “Pine Tree” reservation to the Crown on all the properties but in the areas where these 11 properties are located there are no “Pine Trees” so the reservation does not affect any of these properties.

HARVESTING THE TREES

If you are going to buy these properties to harvest the trees then most likely the harvest would be a winter harvest when it will be easier to construct winter roads.

 

RIVERS

The North Porcupine River flows through three of the properties and there is some considerable river frontage.

MINERAL RIGHTS

We mention that there is a 2% net smelter royalty to a previous owner on FOUR OF THE PROPERTIES.

What this means to you, is that if you, as the owner of those four properties enter into a mining agreement with a mining company and say you negotiate a 4% net smelter agreement in the event a mine develops then you will have to share 2% with a previous owner of those four properties.

If however, you don’t enter into any mining agreement of those four properties then nothing happens.

There is nothing to share and life goes on and you carry on doing whatever you had planned for these four properties.

TAXES

Total property taxes for all 11 properties are $3,200 for 2019

The Price per acre

When you divide the asking price by the total number of acres you will find that the price per acre is an incredible $167 per acre!!

That is so reasonable that some people might say that it is CHEAP!

 

NEED HELP TO BUY THIS LAND HOLDING?

The seller is willing to finance this sale to a qualified buyer .

For example;

On a purchase price of $260,000 Canadian the buyer would have to have at least $92,000 Canadian down payment.

The seller will hold AN OPEN MORTGAGE for the balance $168,000 Canadian at an interest rate of 8%.

Here are some options for a buyer;

On a 5 year term and a 5 year amortization the mortgage payment would be $3,395.98  per month.

On a 5 year term and a 10 year amortization the mortgage payment would be $2,026.77  per month.

On a 5 year term and a 15 year amortization the mortgage payment would be $1,592.90  per month.

You choose what is best for you or talk to us to customize terms.

For our American Buyers, our seller is willing to do a sale in US Dollars.

On a purchase price of $195,000 USD the buyer would have to have at least $68,000 USD down payment.

The seller will hold AN OPEN MORTGAGE for the balance $127,000 USD at an interest rate of 8%.

Here are some options for a buyer;

On a 5 year term and a 5 year amortization the mortgage payment would be $2,567.20 USD per month.

On a 5 year term and a 10 year amortization the mortgage payment would be $1,532.14 USD per month.

On a 5 year term and a 15 year amortization the mortgage payment would be $1,204.14 USD per month.

You choose what is best for you or talk to us to customize terms.

 

Just remember..If you’re fortunate enough to own some private land hunting ground, you should be very thankful.

DON”T LET THIS OPPORTUNITY PASS YOU BY!

ACT TODAY!

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