Property Type: Freehold Land
Price: $700,000 CAD
Parcel Size: 320 acres
Services: No installed septic and well
A cheap vacant land located in Midway. Full of scenic mountainous views, the acreage is one of a kind. Enjoy the absolute quiet and tranquil of the Kootenays! Rare to have a buy acreage size 300+ that is available in the market, these types of property are often low inventory. There are opportunities of hayfield, tree farm, gardening, or even build a house on the property. Many potential building sites on the property. Property has no service at the moment.
For your reference, below is the 2020 report on farmland value in Canada complied by Farm Credit Canada in which it states that the average annual growth of farmland value is around 6%.