HIGH-QUALITY LIMESTONE QUARRY FOR SALE: MANITOULIN ISLAND, ONTARIO
ASKING PRICE: Canadian $3,300,000 or approximately US $ 2,600,000
Location: East Side of Manitoulin Island
Site Area (MPAC): 339 acres
License: Class A extraction license. Licensed area 339 acres. Extraction area 270 acres. Permits an unlimited amount to be excavated per year.
Property Tax (2015): approx. $4,600
Narrative Appraisal Report: value Canadian $3,000,000 (Valco dated Nov. 21, 2013). This Report can be made available to qualified Buyers.
There are several potential options for barging:
Though not on water, barging of the aggregate may be possible. Trucks may have access to a deep water port approximately 15 minute drive from the property (at Sheguiandah Bay). There is also government-owned land very close by that may be able to be leased and a dock constructed.
A deep water port further away at La Cloche Island may also be available.
Description: Legal Description:PT BLK B, PL 467 , AS IN RO985971 ; S/T RO662463 ; S/T VS252728, MISSISSAUGA PIN:13422-0198 Assessment Roll Number:21 05 060 137 01 400 0000 Frontage:80 feet Depth:311 feet Lot Size24,880 s.f. 0.57 acres Assessed Value on January 1, 2012:$1,551,000 Phased In Value on January 1, 2015:$1,495,500 Building Area:6,219 s.f. Easy to manage only 5 tenants.Medical (Physiotherapy & Rehab Clinic, Fitness, Grocery, Alteration & Tailoring shop. Capital improvements Completed by Owner:2010 new roof $20k; approx. 2012 all 3 new HVAC units approx. $12k; approx. 2010 parking lot improvements (cost unknown) Zoning: C1 Permits:Retail Store, Restaurant, Take-out Restaurant, Veterinary Clinic, Financial Institution, Personal Service Establishment, Repair Establishment, Beverage/Food Preparation Establishment, Medical Office & Office Uses. Rent Roll:available upon request.
Royal LePage Real Estate Services Ltd., Brokerage
York Mills Centre, 4025 Yonge St, #103, Toronto, ON M2P 2E3 Canada