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.
Re/Max Twin City Realty Inc.
$6,800,000
6737 Highway 20, Smithville, Ontario
3 Bedrooms
2 Bathrooms
1932 Sqft
Property
MLS® Number: 40770870
Address: 6737 Highway 20
City: Smithville
Style: Bungalow
Exterior: Vinyl Siding
Utilities
Central Air: Yes
Heating: Forced Air, Natural Gas
Parking
Parking Spaces: 10
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Property Sale History
Travel and Neighbourhood
3/100Walk Score®
Car-Dependent
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Location
