5680 Wellington Road 23 Erin, Ontario - MLS#: X8111402
$3,650,000
Excellent investment opportunity super close to downtown Erin on a quiet paved road. ~50 arable acres leased year to year for $175/acre. Main bungalow was gutted to the studs ~ 9 years ago & has 2 self contained 2 bedroom units with good tenants who wish to stay ($3,450/month) for total annual income of $50,150. A new septic was installed by Chard ~ 8 years ago. The workshop was reclad, spray foam insulated & converted to elegant living space in 2013. The main level offers soaring 10 foot ceilings, engineered hardwood or ceramic floors, & a spacious den/home office with convenient separate entrance. The open concept kitchen offers abundant cabinetry, backsplash, island & granite counters & the dining room has a walk out to the 14' x 30' BBQ deck. All trim and doors are Poplar. There is also a 2-car garage with storage loft. Land is not eligible for severance under current Provincial regulations. (id:51158)
**Luxury Living on 5680 WELLINGTON ROAD 23 Erin**
Description:
Are you looking for the perfect blend of serenity and sophistication? Look no further than this exquisite property located at 5680 WELLINGTON ROAD 23 in the charming town of Erin. This stunning property offers a rare opportunity to embrace a luxurious lifestyle amidst nature’s beauty and tranquility. Situated on approximately 50 arable acres, this impressive estate boasts a main bungalow with two self-contained 2-bedroom units, a workshop converted to elegant living space, and a serene landscape that will leave you breathless. With rental income potential, modern amenities, and thoughtful design elements, this property is truly a hidden gem waiting to be discovered.
Key Features:
1. **Breathtaking Surroundings**: Nestled in the heart of Erin, this property offers a peaceful retreat from the hustle and bustle of city life. Surrounded by lush greenery and scenic views, you’ll feel like you’re living in your own private paradise.
2. **Modern Design**: The main bungalow was meticulously renovated 9 years ago, with attention to detail and quality craftsmanship evident throughout. From the soaring ceilings to the engineered hardwood floors, every aspect of the design is tailored for comfort and elegance.
3. **Income Potential**: With two self-contained units generating a total annual income of $50,150, this property offers an attractive investment opportunity. The good tenants currently in place are eager to stay, providing a stable source of revenue for the discerning buyer.
4. **Exceptional Amenities**: The open concept kitchen features top-of-the-line appliances, abundant cabinetry, and granite countertops, making it a chef’s dream. The spacious den/home office offers a convenient separate entrance, perfect for those who work from home or host guests regularly.
5. **Outdoor Oasis**: Step outside onto the 14′ x 30′ BBQ deck and soak in the natural beauty that surrounds you. Whether you’re hosting a summer soiree or enjoying a quiet evening under the stars, this outdoor space is sure to impress.
Questions and Answers:
**Q: What are the rental income details for this property?**
A: The property generates a total annual income of $50,150, with two self-contained 2-bedroom units currently rented to good tenants who wish to stay.
**Q: What renovations have been done to the main bungalow?**
A: The main bungalow was gutted to the studs approximately 9 years ago, with updates including new septic installation and modern finishes throughout.
**Q: Are there any eligibility restrictions for land severance on this property?**
A: The land is not currently eligible for severance under the existing Provincial regulations, making it a cohesive estate ideal for those seeking privacy and exclusivity.
**Q: What amenities does the property offer for outdoor entertainment?**
A: The property features a 14′ x 30′ BBQ deck, perfect for hosting gatherings or enjoying al fresco dining with breathtaking views of the surrounding landscape.
**Q: What is the design aesthetic of the property’s interior spaces?**
A: The interior spaces boast a blend of modern sophistication and timeless elegance, with soaring ceilings, engineered hardwood floors, and high-end finishes throughout.
Embrace the luxurious lifestyle you deserve at 5680 WELLINGTON ROAD 23 in Erin. With its unparalleled beauty, modern amenities, and income potential, this property is a rare find that won’t stay on the market for long. Contact us today to schedule your private viewing and discover the endless possibilities that await you in this tranquil oasis.
⚡⚡⚡ Disclaimer: While we strive to provide accurate information, it is essential that you to verify all details, measurements, and features before making any decisions.⚡⚡⚡
📞📞📞Please Call me with ANY Questions, 416-477-2620📞📞📞
Property Details
| MLS® Number | X8111402 |
| Property Type | Agriculture |
| Community Name | Rural Erin |
| Farm Type | Cash Crop |
About 5680 Wellington Road 23, Erin, Ontario
Building
| Cooling Type | Fully Air Conditioned |
| Size Interior | 2565 Sqft |
| Type | Unknown |
Land
| Acreage | No |
| Sewer | Septic System |
| Size Irregular | 75 X 75 Acre |
| Size Total Text | 75 X 75 Acre |
https://www.realtor.ca/real-estate/26578447/5680-wellington-road-23-erin-rural-erin
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April 03 2024 05:36:07
Toronto Real Estate Board
Royal LePage Rcr Realty