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Vacant Land for Sale (Timmins)
Description : 02 May, 2023
136.9 Acres of untouched land. Great road frontage along 2 roads. 10 minutes from all needed amenities, 20 minutes from Timmins. Includes both mineral and timbre rights. Spruce, Tamarck, Aspen predominate. Zoned RD-RU which has an extensive list of permitted uses. The northern boundary of the property is along Little Road. Diagonally on the west side is the ONR and then Frederick House Lake Road. You can easily get approval for level crossings on that side of the property. The southern boundary of the property is approximately 1 km from Hwy 101. Subdividing is limited to 2, approximately 5 acre plots per year. However, I would suggest, with a sound development plan, a presentation to muncipal council would be received favourably. The mineral rights can be severed off, and retained or sold separately. In 2008, 5 soil samples were taken 670 meters from the property southern border at depts of 1.0m and 1.5m and indicated gold at between 1.43g/T and 3.39g/T. There is a mafic dike that runs diagonally through the property of an age of ~2.5bn. The property also sits, based upon research by Laurentian University, along the northern edge of a highly conductive zone. The property was logged more than 30 years ago, and only very selectively. Black Spruce, Tamarack and Aspen predominate.
The sales data for the area indicates $1,234 per acre. However most of those lots of vacant land had only surface rights and several without road access. I've priced low as I'm motivated to sell.
VTB possible with minimum 40% down OAC.
Only serious replies. No Agents
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