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$ 2,850,000
Est. payment | /mo
61 SqFt
$ 2,850,000
Est. payment | /mo
61 SqFt
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 61 sqft
Price per Sqft $46,721
MLS Listing ID X8391432
Annual Tax Amount $517
Tax Year 2023
Property Description
Investment opportunity, Granite Quarry in South River. Complete with Class A license (to operate both Pit and Quarry). As per the license details, "the maximum annual tonnage for this site is unlimited". Therefore income potential is also unlimited. Conservative calculations, of per ton value X available granite on the property, the revenue potential in the 100s of millions. Nestled in the picturesque unorganized township, lies this substantial financial investment, add to your portfolio Or begin your dream! The region's rich geological history, known as the Canadian Shield provides the region with an abundance of this multi-coloured, high-quality granite. The quarry itself spans 61 acres, offering ample space to expanding extraction. Many years from now, when the granite is exhausted from the 61 acres, the property could be easily converted to another use. Granite is highly sought-after material in construction, architecture, and landscaping due to its durability, versatility, and aesthetic appeal. Seller will consider a VTB, (OAC with substantial cash down payment). Please be sure to have your Agent check the documents attached to this Listing. For ease of research, this specific property located on Rye Road, South River, reference PIN 520520411.
Location
Province ON
County Parry Sound
Area Parry Sound
Exterior
Community Features Major Highway
Utilities Available None
Listed by CENTURY 21 B.J. ROTH REALTY LTD.
GET MORE INFORMATION
Melissa, Maria & Amanda 3rd Ave Realty Team
Realtor | License ID: 4769738
+1(705) 888-0860 | info@thirdavenue.ca