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$ 5,500,000
Est. payment | /mo
1,745.21 Acres Lot
$ 5,500,000
Est. payment | /mo
1,745.21 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS® Listing ID SK982540
Originating Board Saskatchewan REALTORS® Association
Lot Size 1745.210 Acres
Acres 1745.21
Property Description
Here is a rare opportunity to purchase 11 quarters with a significant income of $161,650 from 51 surface leases. The land is located 7 miles North of Carievale in the Rm of Storthoaks. There is a total of 1745.21 acres currently in alfalfa. The soil classes are 9 (H), 1 (J) and 1(K). The total assessment is $1,911,500. The income from the alfalfa ranges year to year from $70,000 - $80,000. The land was in cultivation and could be put back into production. According to SAMA there are 1245 cultivated acres and more acres could certainly be broken. There is one fenced quarter that is used for pasture with an older yard site with power, no value was given to the yard site. For an investment there is lots of value with passive income of approximately $240,000 per year which equates to over a 4.3% return on investment. (id:24570)
Location
Province SK
Rooms
Kitchen 0.0
Exterior
Parking Features No
Community Features School Bus
View Y/N No
Private Pool No
Listed by Sutton Group - Results Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
4145 North Service Rd Unit: Q 2nd Floor L7L 6A3, Burlington, ON, Canada