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$11,900,000
Kirkland Lake
2N Watabeag Road, Kirkland Lake, Ontario, P0K1S0
This industrial property in Kirkland Lake is for sale.
Exceptional opportunity to acquire a turnkey indoor cannabis cultivation and processing facility situated on approximately 32 acres in Ontario. The property features a 44,000 sq. ft. licensed cultivation and processing facility, a 10,000 sq. ft. warehouse, plus 7,000 sq. ft. of additional storage buildings, all within a fully fenced and highly secure site. The facility is equipped with active Health Canada Cultivation & Processing Licenses, 2-3 M hydro capacity, premium LED lighting, automated environmental controls, backup generators, office space, employee facilities, and ample parking. Designed to the highest industry standards, it offers consistent production and is ready for immediate operation. Currently leased to an established tenant generating $70,000 per month, with vacant possess: available, providing flexibility for investors or owner-operators. Significant excess land offers excellent potential for future expansion or alternative industrial uses, Must be severance to 32 acres under proses. Approximately 11,000 sq. ft. of table cultivation space with the capacity to produce up to 3,600 kg of cannabis annually. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 114 days on market, against an average age of 101 days across the listings currently for sale in this city
Homes here sell below asking price
Homes in this market sold for an average of 91.2 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This industrial in Kirkland Lake is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $11,900,000, about 158.7× the local median household income of $75,000.
Carrying it typically needs a household income of about $2,324,487 (20% down, 25-yr amortization, stress-tested) — roughly 2999% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0K)
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