4635 DONNELLY DRIVE, Ottawa, Ontario, K0G1N0

Property Description

Hands off investment opportunity here, with a proven track record of more than a decade. Become the owner of company that owns these eighty plus acres of high and dry land right across from the mighty Rideau River and receive more than $65,000 in rental income for the next dozen years at least. This is an opportunity for the right investor to set up themselves or their family for decades to come. While the solar farm tenants cover all the taxes and insurance you can investigate future development plans on the land or design your own beautiful estate for when the lease is up. You'll be receiving better than a 5% on your money with the option to increase the rent in the final five years of the contract and a potential for an additional five year term at the lessee's option. Traditional financing is not an option for this property and the vendor is not interested in a VTB, so have cash in account or your ducks in a row. Do not visit the property as it is a secure site. (id:64974)

Quick Facts

• Property Type: Vacant Land
• Bedrooms: None
• Bathrooms: None
• Living Area: 83 sq ft (7.7 m²)
• Lot Size: 83.0700 acres (33.62 ha)
• Frontage: 150 ft (45.6 m)

Costs

• Annual Taxes: $28,974.02

Listing Provided by: ROYAL LEPAGE TEAM REALTY
Board: Ottawa Real Estate Board
Data provided via CREA DDF®.