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Ranch For Sale at 12800 8TH CONCESSION in King, Ontario

updated
4 Sale ID #179094
Updated 04 May 2024

Asking Price

$25,900,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

Lot Size

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Building Size

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Premise Summary

Wingberry Farms - a sprawling 75 acre paradise nestled within the lush pastoral boundaries of King Township within 15 minutes from Toronto, this spectacular Family Estate boasts a stunning main house with indoor pool, gourmet kitchen, oversized bedrooms, a recently built, luxury secondary residence conveniently located closer to front gate & an additional staff house. Immerse yourself in the serenity of nature as you explore the timeless log cabin, manicured paddocks, hacking trails, and verdant fields, all with breathtaking views. The amenities are exceptional, featuring 33 stalls, heated indoor arena, championship grass Grand Prix ring, and irrigated sand arena. A picturesque pond adds to the property's charm, creating a serene oasis for family gatherings or grand entertaining. Wingberry is one of Ontario's most exclusive Family Estates located in Canada's primary equestrian location. This is a great investment/development opportunity for a strategic hold with future potential. **** EXTRAS **** Regulation tennis crt, 33 Stalls, heated indoor riding arena, sand arena, lge grass arena, 2 barns, horse training exerciser, multiple paddocks, several run in sheds, 3 lge outbuildings for storage, add'l 6 car garage, full farm Generator (id:39198)

  • MLS® : #N7283742
  • Date Listed : 06 Nov 2023

Location

Province

Ontario

City

King

Address

12800 8th Concession

Postal Code

L7B1K4

Location Highlights

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Listed by

RE/MAX HALLMARK YORK GROUP REALTY LTD. Ontario listing

Category

agricultural-properties farms ranches

Property Information

Premise Status

Includes REAL ESTATE

With Accommodation

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Tenancy

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Lot Size

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Available Space

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Building Size

0

Year Built

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Years Remaining in Current Lease Term

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Renewal Options

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Operational Information

Number of Working Owners

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Current Owner - years

N/A

FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$25,900,000

Asking Price

$25,900,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

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Gross Revenue- annual

N/A

Cash Flow - annual help 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)

N/A

EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

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Premises Size (square feet)

0

Other Information

Owner willing to Finance

No

Absentee Owner

No

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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