Rose Hill A (SOLD)
Property Type: Freehold Land
Price: $880,000 CAD
Parcel Size: 88 acres
A rare piece of vacant land of 88 acres located 5 mins from Kamloops. Rosehill is known to be one of the most desirable for living in Kamloops. Houses are all priced over one million, the Rosehill residences are all high educated individual loving the privacy. This acreage has a beautiful view of the Thompson River Downtown Kamloops and the mountains beyond which appeals to any type investor. Property has multiple building sites and also there is hydro post near the property, and road access on Rosehill road. There are endless opportunities to build a single house, hobby farm and many options.
For your reference, below is the 2019 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%.