6737 HIGHWAY 20, Smithville, Ontario, L0R2A0

Property Description

10-acre property inside the urban boundary, marked as commercial on the city block plan. The site includes a bungalow with 3 bedrooms, 2 bathrooms, a walkout basement, and kitchens on both levels. The home also features hardwood floors, a garage, and a carport. A 2,500 sq. ft. shop with a furnace provides heated workspace or storage. A cell tower lease is in place, starting June 1, 2023, for a five-year term with three additional five-year renewal options. Rent begins at $12,000 per year and increases with each extension. The property owner has the option to cancel the lease at each renewal, providing flexibility for future development while maintaining income until that time. (id:64974)

Quick Facts

• Property Type: Other
• Bedrooms: None
• Bathrooms: None
• Living Area: 1,002 sq ft (93.1 m²)
• Year Built: 2003
• Ownership: Freehold
• Lot Size: 10.1340 acres (4.1 ha)

Costs

• Annual Taxes: $6,784.07

Listing Provided by: Re/Max Twin City Realty Inc.
Board: Brantford Regional Real Estate Assn Inc
Data provided via CREA DDF®.