485 CONCESSION 5 Road E, Waterdown, Ontario, L8B0W8

Property Description

Experience the ultimate combination of productive farmland and country estate living on 91.6 acres at 485 Concession 5 Rd E. With 63 acres of actively farmed/leased land carrying Farm Property Class tax status, enjoy substantially reduced property taxes, approximately 25% of the residential rate on eligible farmland. The current tenant farmer contributes approx. $12,000/year in lease income, offsetting costs while preserving the fertile, organically farmed fields. This versatile property features rolling farmland, mature woodlands, 800+ evergreen trees, and a serene spring-fed pond. A 30’x90’ Quonset hut provides ample storage for equipment or farming operations. The estate includes a fully renovated 2.5-storey, 6-bed, 6-bath main residence with an attached 2-bed, 2-bath guest house, updated with $2M+ in premium finishes (2022/23). Indoor-outdoor living is effortless with a wrap-around veranda and glass-railed deck overlooking the land. Rarely does a farm offer this combination of income potential, reduced taxes, and luxury living, just 4 minutes from downtown Waterdown, a truly unique and versatile property. (id:64974)

Quick Facts

• Property Type: Agriculture
• Bedrooms: 8 (6 above, 2 below)
• Bathrooms: 8 (1 half)
• Living Area: 6,226 sq ft (578.4 m²)
• Above Grade: 6,226 sq ft (578.4 m²)
• Year Built: 1997
• Ownership: Freehold
• Parking: 14 spaces (Attached Garage)
• Lot Size: 91.6000 acres (37.07 ha)
• Frontage: 1,483 ft (452 m)

Costs

• Annual Taxes: $12,459.58

Listing Provided by: RE/MAX Escarpment Realty Inc.
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.