LARGE HOME & LANDBANK OPPORTUNITY

Is buying a large 5 bedroom federation home on 10 acres on your wishlist?
What about living in one and having other rental income on the land to help pay the mortgage?
'Avoca' house sits proudly on the entrance to Wingham and because of its size returns a high rental. Recently renovated with 2 kitchens, 2 bathrooms and 5 bedrooms it makes an attractive family home.
The land is currently zoned RU1 but is earmarked to possibly change to business corridor as there is already a landscaping business and large sheds on the property.
Currently rent is received for the house, landscape supplies on 1.5 acres, and the new shed. It would also be possible to build another shed to rent out.
Rental return is nearly $50,000 a year and will cover most investments loans.