505 BENNETT Road, North Grenville, ON

Description

Here is an investment opportunity for future aggregate supply. This 50-acre property includes over 40 acres zoned for Mineral Aggregate and past test holes suggest high quality concrete grade sand. Whether purchasing as an investment or for immediate use, the property has recently reduced price by $500,000 and creates an attractive buy. The separately owned land on the east side is already a permitted mineral Aggregate extraction pit, lending to an obvious president for a pit permit approval on this land too. On the west side is also mineral aggregate land expected to also be a future pit. Ministry letters on file confirm no wetlands zoning remain on the land. Note there is an unused Bell easement near the roadside end of the property that is not expected to be utilized and poles and lines already run adjacent to Bennett Rd. Currently the seller leases the land to a local farmer for seasonal crops. This is renewed annually. There is an existing culvert and access to the land, presently used by the leaseholder. Sand and gravel continue to be in demand throughout Eastern Ontario. Being zoned Mineral Aggregate provides a positive start for a successful future.