Niagara-on-the-Lake - 108 - Virgil
Niagara-on-the-Lake - 108 - Virgil
Sold For$1,420,800
Listed For $1,310,000
Sold Jan 2022
Golden Opportunity to own this 4.09 acre hobby farm located in beautiful Niagara-on-the-Lake. The fruit orchard is newly planted and is coming into full production with mainly peach and nectarine trees. The land is leased on a yearly basis with a rental income of $800 per acre giving you approx. $3,200 rental income per year. Commencement date of the yearly lease is January of each year. Rent is due on or before November 1st. The land is Sandy Loam which is perfect for tender fruit. All brick bungalow of approx. 1,040 sq. ft.. Main floor has kitchen, dining rm., family rm., covered porch/mud rm., 3 bedrooms and four piece washroom. Basement is completely finished with a huge 33 ft. by 12 ft. Recreation Rm. that has a wood insert fireplace, second kitchen, laundry room and fruit cellar. THE
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