156 ACRES OF FARM LAND

Vacant Land for Sale
Catylist Listing ID: 30273608
Property Subtypes: Multi-Family, Residential (Single Family)
Gross Land Area: 156 Acres
Sale Price: $2,990,000
Unit Price: $19,166 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/16/2018

Overview / Comments

THESE 3 PARCELS OF LAND ARE CONTIGUOUS AND ARE BOUNDED BY ROADS ON 3 SIDES – GRASSMERE ON THE NORTH AND PONEIDA ON THE WEST AND SOUTH. THE PARCELS ARE SURROUNDED BY DEVELOPMENT OF MOSTLY 2 ACRE PARCELS. THOSE PARCELS HAVE SOLD IN THE LAST 2 YEARS FROM $120,000 TO $175,000. THE HOMES IN THE SURROUNDING DEVELOPMENT ARE MOSTLY NEWER HOMES SELLING IN THE HALF MILLION DOLLAR RANGE.
THE PROPERTY IS CURRENTLY ZONED A80 AND WAS APPRAISED IN JANUARY 2018 BY AN AACI FOR A TOTAL VALUE OF $3,440,000. THE CURRENT ASKING PRICE OF $2,990,000 IS $450,000 LESS THAN THE APPRAISED VALUE

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: R15
Zoning: AGRICULTURAL

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Contact

Photograph of Listing Agent

Bruce Harvey

RE/MAX professionals
CPIX® Member
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