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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,499,000
Cap Rate 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.
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Lot Size
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Building Size
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Premise Summary
Nestled in the historic community of Rural Erin, 5192 Third Line offers an 87.6-acre equestrian property that boasts a storybook setting with 40 acres dedicated to productive farmland providing a reliable annual hay income. While a 100+ year old stone farmhouse graces the land, the true gems of this property are the timeless beauty of the exterior grounds and well-maintained equestrian outbuildings. Horse enthusiasts will find their dreams come to life on this property with substantial income potential via various equine related businesses. The equestrian barn features 31 box stalls, ensuring that your horses will be comfortable and well-cared for. Six well-appointed tack rooms, along with indoor shavings storage and a feed room, provide all the amenities needed for top-notch horse care. An impressive 60 ft x 140 ft indoor arena with a heated viewing lounge and updated LED lighting guarantees a year-round training space, no matter the weather. The bank barn with a hay loft storage area adds to the traditional charm of the property. For those who prefer the great outdoors, a 100 ft x 200 ft outdoor sand ring and an outdoor grass riding area await. Eleven turnout paddocks, eight of which have newer flex rail fencing, provide ample space for your horses to graze and roam. With water lines to all paddocks and Ritchie heated automatic waterers in all group paddocks, the comfort and health of your horses are always a priority. As for the farmhouse, it offers just under 3000 sqft of finished living space with 4 bedrooms and 1.5 baths. The finished attic loft adds flexibility to the property, making it suitable for a 5th bedroom, office space, or artist's studio. Throughout the house, you'll find large, primary rooms and character that reflects the history of the area. Opportunity awaits, don't miss your chance to turn this property into your dream equestrian paradise! (id:39198)
Location
Province
Ontario
City
Erin
Address
5192 Third Line
Postal Code
L7J2L8
Location Highlights
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Listed by
Royal LePage Royal City Realty Brokerage Ontario listing
Category
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
2,952
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
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FF & E Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
N/A
Financial Information
Yearly Rate
$3,499,000
Asking Price
$3,499,000
Cap Rate 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 Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
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)
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EBITDA Earnings Before Interest, Taxes, Depreciation, Amortization.
N/A
Premises Size (square feet)
2,952
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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