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$ 1,499,800

1574 Lookout Street, Pelham, ON, L0S 1M0

Listing ID# 30565146
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RE/MAX Collection

$ 1,499,800

  • 1574 Lookout Street
    Pelham, ON L0S 1M0
  • Listing ID 30565146
  • Building type: Single Family
  • Building Style: 2 Storey
  • Bedrooms: 5
  • Bathrooms: 2
  • Land size: 25.20 acres
  • Living space: 4000 sq ft
  • Status: For Sale/Active
  • Basements: Partially Finished, Partial Basement, Other
  • Parking Type: Private Triple Plus Wide,Other
  • Garage Type: Other
  • Gas: Gas
  • Heating: Water
  • Kitchens: 2
  • Occupancy: Tenant
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Property Description

UNIQUE 25 ACRE FARM PARCEL IN FONTHILL NEXT TO LOOKOUT GOLF COURSE & ACROSS FROM THE NEW LOOKOUT POINT RESIDENTIAL SUBDIVISION. GREAT INVESTMENT WITH MANY POSSIBILITIES. PRESENTLY HAS 2 LARGE 2 STOREY BARNS, LARGE RED BRICK FARM HOUSE THAT WOULD EASILY ACCOMMODATE 2 FAMILIES. CITY WATER & GAS. 2 ROAD FRONTAGES. 1 ACRE LEASED OUT FOR A RADIO TOWER UNTIL 2031- PRESENT RENT $7000/YR WITH A 4% ANNUAL INCREASE. 20 ACRES LEASED OUT FOR CASH CROP @ $50/ACRE PER YEAR. PANORAMIC VIEWS FROM THIS PROPERTY. CLOSE TO ALL AMENITIES, WITH A LARGE DEPOSIT. SELLER MAY HOLD A FIRST MORTGAGE.




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