4635 Donnelly Drive Ottawa, Ontario K0G 1N0

$989,000

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:43934)

Property Details

MLS® Number	X12856722
Property Type	Vacant Land
Community Name	8008 - Rideau Twp S of Reg Rd 6 W of Mccordick Rd.
Farm Type	Other
Features	Irregular Lot Size

Building

Size Interior

83 Acres

Land

Acreage	Yes
Size Depth	4210 Ft ,8 In
Size Frontage	149 Ft ,7 In
Size Irregular	83.07
Size Total	83.07 Ac
Size Total Text	83.07 Ac
Zoning Description	Ru[913r]-h

https://www.realtor.ca/real-estate/29440350/4635-donnelly-drive-ottawa-8008-rideau-twp-s-of-reg-rd-6-w-of-mccordick-rd