Cross Streets: Old Nipissing Rd / Rye Rd. ** Directions: Hwy 11 N to South River to Ottawa Ave to Eagle Lake Rd to Rye Rd. Great opportunity awaits you! 61 acres in South River with vast amount of options, ideal Investment, for the entrepreneur to create your dream business or to add to an existing portfolio. Property is nestled in the picturesque unorganized township of Lount. Ideal as a residential development site, perhaps tiny homes or a camping / RV park. Currently poised as a Granite Quarry, complete with Class A license (to operate both Pit and Quarry). As per the license details, "the maximum annual tonnage for this site is unlimited". Therefore income potential is also unlimited. Conservative calculations, of per ton valueX available granite on the property, the revenue potential in the 100s of millions. The region's rich geological history, known as the Canadian Shield provides the region with an abundance of this multi-coloured, high-quality granite. offering ample space to expanding extraction. Many years from now, when the granite is exhausted from the 61 acres, the property could be easily converted to another use. Granite is highly sought-after material in construction, architecture, and landscaping due to its durability, versatility, and aesthetic appeal. Please be sure to have your Agent check the documents attached to this Listing. For ease of research, this specific property located on Rye Road, South River, reference PIN 520520411. X12353410 is also available for sale adjacent to the property. (id:27476)
