Agricultural Land with House
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- Lesley Hutchinson
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1 FOR sale/lease > vacant land Agricultural Land with House 428 Richmond Street, North Dorchester (Thames Centre), ON Investment Opportunity acre agricultural opportunity located just under 2 km from London and and 3 km the Thames Centre Community of Dorchester. Former gravel pit* with associated cultivatable land area and residence, generating approximately $50/acre and $700/month, respectively. Property Details Asking: $899,000 Property Specifications Total area: Acres (+/-) Workable Land: 55 Acres (+/-) Gravel Pit: 20 Acres (+/-) Bush: 20 Acres (+/-) House & yard: 5 Acres (+/-) Total area: Acres (+/-) Property Shape: Rectangular Farmable Income: $50.00/Acre Rental Income (Residence): $700/Month ($8,400/Annum) Zoning: Extractive Industrial (M3) *Note: Current licence with Aggregate Resources Act to be withdrawn and all rehabilitation will be completed by Seller prior to closing. Note: All Permitted Uses for M3 outlined on Zoning page in this document. Contact Us JUSTIN POMPILII EXT 204 justin.pompilii@colliers.com
2 428 Richmond Street, North Dorchester > Location & Mapping Street Map of Property Aerial of Property subject Subject Property > sw ontario location Direct vehicular access to London, Thamesford and Woodstock, by way of Dundas Street (Hwy 2), located less than 1 km north of the subject property. Direct accessibility to Hwy 401 via Elgin Road (Hwy 73), approximately 2.5 km east of the subject property. KITCHENER TORONTO HAMILTON SARNIA LONDON subject buffalo DETROIT
3 428 Richmond Street, North Dorchester > Property Photos
4 428 Richmond Street, North Dorchester > Zoning M3 Zoning (Extractive Industrial) 21.1 SCOPE The provisions of this Section shall apply in all Extractive Industrial (M3) Zones except as otherwise provided in the Special Provisions Subsection of this Section PERMITTED USES No person shall within any Extractive Industrial (M3) Zone, use any lot or erect, alter or use any building or structure for any purpose except for one or more of the following M3 Zone uses, namely: (1) pit; (2) agricultural use; (3) forestry uses excluding any establishments that either process forestry products or sell processed forestry products such as lumber yards REGULATIONS No person shall, within any Extractive Industrial (M2) Zone, use any lot or erect, alter or use any building or structure except in accordance with the following provisions: (1) Lot Frontage (minimum) 30.0 m (2) Front and Exterior Side Yard Depth (minimum) 30.0 m (3) Interior Side Yard Width (minimum) 15.0 m (4) Rear Yard Depth (minimum) 15.0 m (5) Landscaped Open Space (minimum) 10% of lot area Source: MUNICIPALITY OF THAMES CENTRE Zoning By-Law No , September 2006
5 Listing Agent Justin Pompilii, +5 years in commercial real estate in Southwestern Ontario Justin began selling real estate in He is a graduate of the University of Western Ontario with a Bachelor of Arts in Political Science and Urban Development. As a for Colliers International, Justin has experience in marketing properties for residential, commercial and industrial development throughout Southwestern Ontario. Justin also focuses in commercial leasing. Justin has in-depth knowledge in market and economic development analysis and can apply his understanding of and experience in land use planning to commercial real estate. AFFILIATIONS Member of the London Chamber of Commerce; Member of the London & St. Thomas Association of Realtors About Us COLLIERS INTERNATIONAL > > 482 offices in 62 countries > > $1.9 million in annual revenue > > 1115 million SF of property under management > > 13,505 specialized professionals > > $71 billion in transaction value PROUDLY CANADIAN First established in 1898 in Vancouver as Macaulay & Nicholls, Colliers has grown to become Canada s largest Canadian owned commercial real estate services company. In 2012 alone, Colliers concluded more than 4,500 sale and lease transactions on behalf of investors and occupiers totaling approximately $6 billion across Canada. Contact Us BRITISH COLUMBIA SASKATCHEWAN ALBERTA EDMONTON MANITOBA KAMLOOPS SASKATOON VANCOUVER VICTORIA WINNIPEG KELOWNA CALGARY REGINA ONTARIO QUEBEC ATLANTIC PROVINCES MONCTON HALIFAX MONTREAL Justin Pompilii ext. 204 justin.pompilii@colliers.com OTTAWA KITCHENER/ WATERLOO TORONTO LONDON * ** Broker This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. Colliers International is a worldwide affiliation of independently owned and operated companies. This publication is the copyrighted property of Colliers International and /or its licensor(s) All rights reserved. Ontario Brokerage.
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