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$85,000.00 CDN - File 51-  122.48 Acres on Highway 11 near New Liskeard, Ontario $85,000 Canadian

SOLD!

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File 51-  122.48 Acres on Highway 11

 

A NICE LONG TERM INVESTMENT PROPERTY

HIGHWAY 11 FRONTAGE

OVER 4,000 FEET OF HIGHWAY FRONTAGE

A GREAT LOCATION

 

A very unique property opportunity.

Located in Bucke Township within the boundary of the Municipality of Temiskaming Shores in beautiful Northeastern Ontario in the District of Timiskaming.

Therefore Bucke Township is an ORGANIZED TOWNSHIP.

More specifically this property is located 6.5 kilometers south from the Town of New Liskeard, Ontario and 13 kilometers north of the Town of Latchford.

 

This property has 4,256 feet of frontage on the east side of Highway 11.

There is an approved driveway entrance already in place off Highway 11.

A survey performed by an Ontario Land Surveyor (OLS) was done in August of 2017 and is available.

 

The mature timber was harvested off this property about 8 to 10 years ago.

The new growth is coming up very nicely and anything that was not large enough to harvest 8 to 10 years ago is now that much older and bigger.

 

There is a very good mix of terrain on this property from some rocky outcroppings to a couple of low areas where the moose like to hand out and many level areas.

There is a fair amount of sand and gravel within the property so if you want to make roads or trails within your own property you can use your own material.

 

LIKE HUNTING?

If you are a hunter then you will enjoy the big game hunting here.

You will find moose, black bear and whitetail deer.

Small game hunting in this area for grouse and rabbit is exceptional.

Located in Wildlife Management Unit (WMU) 28.

 

LIKE TO FISH?

Look at all the lakes that are within a 5 to 20 minute drive from this property.

Lakes like Sharpe Lake, Moose Lake, Loon Lake, Sasaginika Lake, Clear Lake and about a dozen more to choose from PLUS the huge Lake Timiskaming.

Fish for walleye, northern pike, smallmouth bass, perch, speckle trout, lake trout, whitefish and more.

Pick a fish you want to fish for and then go to that lake.

 

PROPERTY RIGHTS

SURFACE RIGHTS COME WITH THIS PROPERTY

TREE RIGHTS COME WITH THIS PROPERTY (except for the Pine Trees which are reserved to the Crown)

 

A review of the Official Plan for Timiskaming Shores shows that the property is zoned RURAL and this zoning permits a wide variety of uses.

The Rural Area will be conserved for the management or use of natural and renewable resources, principally agriculture, minerals, mineral aggregates, and the protection of natural heritage and water features. Recreational activities, and infrastructure and public service facilities appropriate to the rural setting (e.g. waste management facilities, communication facilities, energy facilities) may also be permitted.

The Rural Area will be developed on the principles of:

  1. Cost-effective development.
  2. Development that can be sustained by the City’s standards for rural services.
  3. Land use compatibility.
  4. Integration of development with the conservation of features of the natural environment.
  5. Stewardship of natural and renewable resources.
  6. Planned rural infrastructure and public service facilities.
  7. Promotion of recreation, tourism and rural-based economic development.

 

Need Financing?

IN CANADIAN DOLLARS

The seller will hold an OPEN MORTGAGE for a Buyer who has a $30,000 CDN down payment.

On a purchase price of $85,000 CDN and if a buyer has $30,000 CDN down payment the seller will hold an OPEN MORTGAGE for $55,000 CDN at 8% interest on your choice of the following terms.

On a 5 year term and a 5 year amortization the payment is $1,111.78 CDN per month.

On a 7 year term and a 7 year amortization the payment is $853.68 CDN per month.

On a 5 year term and a 10 year amortization the payment is $663.52 CDN per month.

On a 5 year term and a 15 year amortization the payment is $521.48 CDN per month.

On a 5 year term and a 20 year amortization the payment is $455.00 CDN per month.

NOTE: Pick the term and amortization that best suits you and DON’T FORGET that this is an OPEN MORTGAGE so you can pay it off any time without any penalty.

IN US DOLLARS

The seller will hold an OPEN MORTGAGE for a Buyer who has a $21,000 USD down payment.

On a purchase price of $60,000 USD and if a buyer has $21,000 USD down payment the seller will hold an OPEN MORTGAGE for $39,000 USD at 8% interest on your choice of the following terms.

On a 5 year term and a 5 year amortization the payment is $778.35 USD per month.

On a 7 year term and a 7 year amortization the payment is $605.34 USD per month.

On a 5 year term and a 10 year amortization the payment is $470.50 USD per month.

On a 5 year term and a 15 year amortization the payment is $369.78 USD per month.

On a 5 year term and a 20 year amortization the payment is $323.06 USD per month.

NOTE: Pick the term and amortization that best suits you and DON’T FORGET that this is an OPEN MORTGAGE so you can pay it off any time without any penalty.

 

Distance to this property from;

Toronto                504 kilometers (313 miles)

Barrie                    393 kilometers (244 miles)

Niagara Falls       603 kilometers (374 miles)

Hamilton              542 kilometers (336 miles)

Ottawa                 502 kilometers (312 miles)

North Bay            145 kilometers (90 miles)

Property Photos

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