Property Description
Quality RURAL PROPERTY
YEAR ROUND ROAD ACCESS
SELLER FINANCING IS AVAILABLE
COUNTRY LIVING BEATS CITY LIFE HANDS DOWN
If you like clean air and mythical light and natural beauty then you will love it here.
This area is an outdoor enthusiast’s dream.
Living in the country puts you closer to nature and away from the hustle and bustle of the city.
You also have easy access to all of the outdoor activities that you love, including fishing, hunting, hiking, snowmobiling, ATVing and foraging for mushrooms and wild berries.
When you live in a rural area, you can do virtually all of these right in your backyard!
Location: the property fronts on the south side of Silver Queen Lake Road in the Township of Leitch which is within the boundary of the Municipality of the Town Of Cochrane in Northeastern Ontario.
The Town of Cochrane is only 21 kilometers by a GOOD YEAR ROUND ROAD from this property.
Property Size: 75.5 acres
Frontage: 857.26 feet
Depth: 3,931.51 feet
Electrical Power: the power line is along the north side of Silver Queen Lake Road so it would be easy to bring electrical power to this property.
WHAT TO DO WITH THIS PROPERTY?
Homestead on this property!
Enjoy a lifestyle of self-sufficiency.
Practice subsistence agriculture by growing your own vegetables, raising some cows, sheep or goats, pigs and chickens
Do home preservation of food and teach your children about living off the land.
Become a country squire!
Yes, become a country gentleman or woman who enjoys country living on a large property.
Develop the property.
There is the potential to split the property into two parcels of 37.75 acres each.
Sell one portion and get most (if not all) of your money back and retain the other for yourself and with minimal investment.
Harvest your timber.
Harvest the mature trees either yourself and build a nice rustic cabin or make a deal with a timber contractor to harvest the mature trees and he will pay you a stumpage fee for the trees he harvests.
LIVE here.
Build your residence here and raise your children in a nice quiet country atmosphere.
After trees are harvested perhaps clear the land for farming.
PROPERTY RIGHTS
A review of the patent reveals that the property comes with the following rights;
SURFACE RIGHTS COME WITH THIS PROPERTY
TREE RIGHTS COME WITH THIS PROPERTY
ZONING
A review of the zoning by-law shows that this property is zoned RU – RURAL ZONE
USES PERMITTED IN THE RU – RURAL ZONE
The zoning by-law states the following permitted uses.
a) an agricultural use; b) a bed and breakfast establishment;
c) a cemetery; d) a conservation use;
e) a garden nursery; f) a farm produce outlet;
g) an outdoor recreation area; h) a private club;
i) a public park; j) a public use;
k) a public institutional use; l) a playground;
m) a school; n) a forestry use;
o) a hobby farm; p) a hunt camp;
q) a home industry; r) a home occupation
s) a group home; t) a commercial kennel;
u) a veterinary establishment; v) a portable asphalt plant;
w) a wayside pit or wayside quarry; x) an existing waste disposal site;
y) an existing gravel pit; z) a place of worship;
aa) a single detached dwelling; bb) a secondary dwelling unit;
cc) a seasonal dwelling.
PLEASE NOTE: not all the permitted uses may be practical for this property.
LIKE TO FISH?
SILVER QUEEN LAKE is a great source of fishing for Bass, Walleye and Perch.
Fish the nearby Lillabelle Lake for Northern Pike and Yellow Perch.
Fish the Abitibi River for over 40 kilometers.
Fish the Frederick House River.
Fish another ten or so smaller lakes all within about a 20 minute or less drive from this property.
You can fish every day from just behind your property.
LIKE TO HUNT?
Due to its semi-remote location, this area which is part of what is called “the James Bay Frontier” has some of the best black bear and moose habitats.
This area is well known as MOOSE COUNTRY and BLACK BEAR HEAVEN.
Living here can provide you with an unforgettable opportunity to fulfill your dreams of moose and black bear hunting.
There are two seasons for Black Bear hunting, the spring season and the fall season.
For both Black Bear and Moose there are times for Archery hunting and for rifle hunting.
This area is located in WILDLIFE MANAGEMENT UNIT (WMU) 27.
ABOUT COCHRANE, ONTARIO
Cochrane is a town in northeastern Ontario, Canada.
It is located east of Kapuskasing, northeast of Timmins, south of Moosonee, and north of Iroquois Falls.
It is about a one-hour drive from Timmins, the major city of the region.
It is the seat of Cochrane District.
Cochrane is the birthplace of NHL hall of famer Tim Horton the founder of the TIM HORTON’S DOUGHNUTS CHAIN.
The moderate property taxes, cost of housing and rise in property prices continue to make Cochrane attractive to those relocating from other communities.
NEED HELP TO BUY THIS PROPERTY?
The Seller is willing to finance the purchase of this property as long as a Buyer has the required DOWN PAYMENT OF $35,000 Canadian.
On a purchase price of $85,000, if a Buyer has a minimum of $35,000 down payment the Seller will HOLD AN OPEN MORTGAGE of $50,000 Canadian at 8% interest on a Buyer’s choice of the following terms:
On a 7 year term and a 7 year amortization the monthly payment is $776.07 per month.
On a 5 year term and a 10 year amortization the monthly payment is $603.20 per month.
On a 5 year term and a 15 year amortization the monthly payment is $474.08 per month.
On a 5 year term and a 20 year amortization the monthly payment is $414.18 per month.
On a 5 year term and a 25 year amortization the monthly payment is $381.61 per month.
YOU PICK THE TERM THAT BEST SUITS YOU.