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$ 1,299,000
Est. payment | /mo
120 Acres Lot
$ 1,299,000
Est. payment | /mo
120 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Grain
Listing Status Active
Purchase Type For Sale
MLS Listing ID SK020291
Lot Size 120.000 Acres
Acres 120.0
Property Sub-Type Grain
Source Saskatchewan
Property Description
This 120-acre parcel offers a rare combination of prime location and high-quality farmland, featuring Class B Regina Heavy Clay soil, well known for its productivity and long-term value. Situated only ½ mile south of Regina SIast and directly bordering Regina's city limits, the property is strategically positioned near major traffic corridors, including Highway #1 and the University of Regina, making it highly desirable for a wide range of future uses.
The land is currently zoned Agricultural (AG) but holds strong redevelopment potential with RM approval. Possible opportunities include commercial, industrial, residential, or mixed-use development, making it an exceptional holding property for investors with vision.
In the interim, the land generates steady income. It is rented on a year-to-year basis to a local farmer, and there is also an option for a company to lease up to 30 acres on the northwest corner at $35,000 per year, further enhancing its investment appeal.
The land is currently zoned Agricultural (AG) but holds strong redevelopment potential with RM approval. Possible opportunities include commercial, industrial, residential, or mixed-use development, making it an exceptional holding property for investors with vision.
In the interim, the land generates steady income. It is rented on a year-to-year basis to a local farmer, and there is also an option for a company to lease up to 30 acres on the northwest corner at $35,000 per year, further enhancing its investment appeal.
Location
Province SK
Exterior
Topography Flat
Listed by Sutton Group - Results Realty