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1072 PROGRESSIVE Avenue in Niagara-on-the-Lake: Agriculture for sale : MLS® # 30558790
1072 PROGRESSIVE Avenue Niagara-on-the-Lake L0S1J0 :
A fantastic opportunity to own a 29.5 acre, income producing vineyard with potential to develop into a winery. The main custom built 2600sq foot house built in 2007 is quietly located at the end of Concession 3 Road (dead end) and offers a Great room with 18 foot ceiling and double-sided gas fireplace, luxury kitchen with granite counter-tops and island, ground floor master suite with 5 piece en-suite bath, ground floor laundry, a further bedroom/home office on the main floor and 3 further bedrooms and bathroom upstairs. The second house built in the 1970s is side-split that fronts onto Concession 2 (Progressive Avenue) in the heart of wine country. This property has been well thought out by the current owners and offers many features such as a 10kw ground mounted solar power system producing a regular income of approx $9,500 per year, 4 natural gas powered wind machines (lower running costs), a regular supply of water with irrigation rights and 5 hydrants, and second house with rental income of $1600.00 per month on Concession 2, and 25 acres of productive land, tile drained and planted as follows; 4 acres of Vidal, 6.2 acres of Cabernet Sauvignon, 8 acres of Dornfelder, 4.1 acres of Gamay (mature), 2.7 acres of Riesling (mature). A more detailed breakdown of vine maturity is available. Contracts in place for the vineyard and house rental (24 hrs notice required to see inside 2nd house). Contracts and financials are available to serious potential buyers by arrangement.
Listed by KEVIN STOKES of NIAGARA-ON-THE-LAKE REALTY (1994) LTD, BROKERAGE
Listing information last updated on 17-Aug-2017 7:59 PM