File 68 - 276 acres in Ogden Township
A TOTAL OF 276.94 ACRES OF GOOD LAND
Build and live here YEAR ROUND or build your summer cottage or build your hunting camp/cottage.
Clear some land and create a farm or a ranch.
This large parcel of land is comprised of FIVE (5) PATENTED and DEEDED Mining Claims.
Located in Ogden Township just south of the City of Timmins.
Since Ogden Township is within the boundary of the City of Timmins it is an ORGANISED TOWNSHIP.
SURFACE RIGHTS COME WITH THIS PROPERTY.
ALL TREE RIGHTS COME WITH THIS PROPERTY as the current owners paid for a TREE RELEASE FROM THE CROWN.
So YOU now OWN ALL THE TREES!
Mineral Rights are owned by the Crown.
Tree species on and growing on the property include Poplar Trees, Black Spruce Trees and Jack Pine Trees.
YEAR ROUND ROAD ACCESS.
There is just a touch over ONE KILOMETER or 1,000 METERS of YEAR ROUND ROAD FRONTAGE on this property.
Yes, that is right.
Over 1,000 meters of Dalton Road goes through the northern portion of the property.
Dalton Road is maintained by the Municipality.
Electrical power is available at the roadside.
The property had the trees partially harvested in 2007.
Some good sized stands remain today.
Anything that was harvested and that is now growing is at least 10 years old today.
Any trees that were not mature enough to harvest in 2007 are now 10 years older.
Mostly high and dry land throughout the property except along the creek where it is a bit marshy.
The soil is a mix of silty sand and clay.
The driveway leading off Dalton Road into the property has a locked gate.
This driveway extends through the property and down to the south end of the property.
YOU CAN DRIVE THESE ROADS WITH YOUR PICK UP TRUCK.
There are any number of trails throughout the property where you can explore with your ATV.
A snowmobile trail goes through near the east portion of the property.
The property is zoned RURAL and in talking to the City planning department you are allowed to BUILD A YEAR ROUND RESIDENTIAL HOME on the property.
Copies of the ORIGINAL SURVEYS that were done in 1915 are AVAILABLE.
If a buyer needs financing, the seller will consider financing a sale as long as the buyer has at least 35% down payment ($21,000.00).
Payments can be amortized over 3 or 5 or 7 or 10 years.
Interest rate is 8% and the maximum term is 5 years.
With a down payment of $21,000, interest rate of 8% and a mortgage for $39,000
On a 3 year term with a 3 year amortization the payment is $1,202.43 per month
On a 5 year term with a 5 year amortization the payment is $ 770.41 per month
On a 5 year term with a 7 year amortization the payment is $ 586.71 per month
On a 5 year term with a 10 year amortization the payment is $ 450.82 per month
The mortgage would be an OPEN MORTGAGE allowing prepayment of the mortgage before the term is up with NO PENALTY.
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APEX Realty Services Ltd., Brokerage
391 OLIVER ROAD,
Thunder Bay, Ontario
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