360 Acres For Sale near Ituna, Saskatchewan
This great investment land is ready for the right buyer. The farmer had an unfortunate wet couple of years which set him back. He would like to clear some debt and “buy back the land in time” which is the best case scenario for a farmland investment. Here are the details for this land:
Approximately 280 to 300 acres are cultivated
The Topography is flat to slight roll with slight stones
Very good assessments at: $366,700.00 (Breakdown – $159700, $168,300 and $38700 respectively)
Rent: $19,800 per year with a long term 5 year plus another 5-year option to renew. Farmer would like first right to buy back. Good stable father and son farmers.
Taxes are $1700.18 for all quarters
Selling Price is $428,000.00 which is a 4.6% return / year (1.17 x assessment. $1420 / acre. Typical Saskatchewank land sales are between 1.3 and 2 times the assessment.
Details
City: Ituna
Province: Canada
Land Size: 360 Acres
MLS #:
Bedrooms:
Additional Features:
Agriculture, Farm
Additional Photos
