Large Acreage: With almost 90 acres of land, the property offers plenty of space for farming, recreational activities, or future development.Farming Potential: Approximately 50 acres are ideal for farming or a hobby farm, providing an opportunity for agricultural income or personal cultivation.Significant Rental Income: The property generates a solid short-term and long-term rental income of over $160,000 per year, making it a great investment opportunity.Additional Lease Income: Leasing the land to a farmer can earn you an additional $8,000 annually, enhancing the overall return on investment.Low Property Taxes: With property taxes around $6,000 per year, the holding costs for such a large piece of land are relatively low.Prime Location: The property is conveniently located within 10 minutes of Wasaga Beach and 15 minutes from Barrie, providing easy access to amenities, entertainment, and recreational spots.Outdoor Amenities: It features an in-ground swimming pool and a hot tub, which add to its appeal for personal enjoyment or as a rental feature.Ideal for Hunting: The property size and natural surroundings make it perfect for hunting enthusiasts, adding to its recreational value.Land Banking Opportunity: Investing in a large piece of land like this provides a great opportunity for land banking, where the property value could appreciate over time.Versatile Usage: Whether you are looking for a farming opportunity, a recreational retreat, a rental income property, or a long-term investment, this property offers a versatile range of use.
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