21.62 acres in Way Township just southwest of Hearst, Ontario.
Way Township is AN UNORGANIZED TOWNSHIP
NO BUILDING PERMIT REQUIRED
You can drive to this property in a car as it has over 240 meters or 789 feet of frontage on Highway 583 just 20 kilometers southwest of the Town of Hearst.
Highway 583 is a paved secondary highway that is maintained and OPEN YEAR ROUND.
This property backs onto JESSIE CREEK.
At one time this creek may have been known as “Cuckoo Creek”. How about that?
The property enjoys 449 meters or 1,474 feet of frontage on Jessie Creek.
Jessie Creek averages between 40 and 50 feet wide at the property.
An old hay field can still be seen at the southeast portion of the property.
It is just a little over 3 acres in size.
Some brush has grown up and with work can be brought back to a hay field.
The balance of the property is pretty well forested with a mix of mostly Poplar Trees and Spruce Trees.
(see the photos).
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 3 or 5 or 7 years.
On a 3 year term and a 3 year amortization period the mortgage payment will be $813.19 per month
On a 3 year term and a 10 year amortization period the mortgage payment will be $313.67 per month
On a 3 year term and a 15 year amortization period the mortgage payment will be $246.52 per month
On a 5 year term and a 5 year amortization period the mortgage payment will be $525.57 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
On a 7 year term and a 7 year amortization period the mortgage payment will be $403.56 per month
YOU CHOOSE WHAT TERM AND AMMORTIZATION PERIOD WORKS FOR YOU!
Only 20 kilometers or 12.5 miles south of the Town of Hearst, Ontario.
Hearst has a population of about 8,000 people and has a good hospital, schools, doctors, stores, restaurants and everything else you require.
Electrical power is available as it runs along the highway on the same side as the property fronts on.
There is no driveway into the property so you will have to obtain an Entrance Permit from the MTO in Hearst.
SURFACE RIGHTS COME WITH THE PROPERTY
TREE RIGHTS COME WITH THE PROPERTY (other than the Pine trees which are reserved to the Crown).
Even though Way Township is an unorganized township for purposes of creating a severance or splitting off a portion of the property, the local Hearst Planning Board has the consenting approval for creating a severance or a split
There are many permitted uses allowed in this designated area and some of these uses are listed below.
The property is designated as “Natural Resource District”
Permitted Uses in that designation include the following;
- Where land is designated “Natural Resource District” on Schedule ‘B’ Land Use Plans, to this Official Plan, the predominant uses shall be for natural resource-based activities and related operations, such as forestry, tourism, recreation, mineral exploration and development, aggregate resource development, agriculture and conservation.
- Permitted uses for example shall include logging, lumber camps, reforestation areas, tree nurseries, aggregate extraction operations and ancillary uses, farming, farm related commercial and industrial uses, greenhouses, conservation areas, and wilderness areas. Public and private uses such as energy generating facilities, energy transmission facilities, tourism uses and recreational uses such as cottages/seasonal residential dwellings, picnic areas, parks, cemeteries, and hunting and fishing camps shall be permitted.
- Permitted uses shall also include manufacturing not related to natural resource utilization, such as factories, cold weather testing facilities, distribution and sorting centres, etc.
THAT IS A LOT OF PERMITTED USES
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