6983 Colonel Talbot Road, London South

$3,600,000
6983 Colonel Talbot Road

$3,600,000

Extension
695d
Farm

6983 Colonel Talbot Road, London South

Total Monthly Obligation $15,468

Beds
0
Baths
0
Park
0
DOM
695d
Property Type-Farm
MLS® Number-X11246135
Beds-0
Lot Size-63.13 ft (front)
Listed on site-Nov 27, 2024
Building Type-Farm
Taxes-$6,862.16 (2024)
Heating-Gas Forced Air Open
Brokerage-CBRE LIMITED
Cooling-Yes
Fireplace-No
Pool-None
Sewer-Septic
Possession-60 days
Neighbourhood-South GG
Title-Commercial

No agent assigned

Approximately 63.13 acre farm located 1 minute South of the Highway 401 interchange along Colonel Talbot Road and located 1 minute North of the new Amazon Fulfilment Centre. The property has a main house that is one floor, which had a major renovation in 2015 and consists of a two bedroom and a partially finished basement. There is also a secondary two storey 4 bedroom house ready for renovation. Other structures include a oversized utility garage, barn and coverall building. Approximately 60 acres of the farm is leased annually for cash crop. The property offers Highway 401 visibility at the West end of the farm.

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Closing Costs

Mortgage Amount
$2,880,000
Land Transfer Taxes$76,475
Legal Fees (Est.)
$
Total cash required for closing$797,975

Total Monthly Obligation

$15,468/mo
Mortgage $14,521
Monthly Loss $11,647
Principal$3,821
Interest$10,700
Property Tax$572
Home Insurance$125
Variable Costs$250

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 6983 Colonel Talbot Road

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