This 147 acre farm is approx 6.3 km from city services on Innes Rd. Approx 54 acres of this farm is zoned Rural and lie directly across Wilhaven Drive from the rural residential development Cumberland Estates. Recent sales of rural lots in the area indicate a range of $217,000 – $380,000. The remainder is zoned Agricultural. There are about 100 acres of good cropland that the Seller will systematically tile drain. This cost is included in the list price or the Buyer may purchase without tile. The cost of tile is approx $100,000. The Seller would lease the cropland back from the new owner at a price to be negotiated. Systemically tile drained land in this area sells for approx $11,000 to $14,000 per acre. The old farmstead has an old log house, barn and some sheds. They are in poor repair and no value is attributed to them.
LIST PRICE: $1,400,000 ($9,524/acre)