Rose Hill (SOLD)
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%.
Property Type: Freehold Land
Price: $880,000 CAD
Parcel Size: 88 acres
A hidden gem of 88 acres located 10 mins away from downtown Kamloops. With gorgeous panoramic view of the Thompson River, Downtown Kamloops and the Mountain beyond, this property is a real diamond for either users or investors. Rose Hill is known for the high-end lifestyle where many professional upper-class lives in the neighborhood. With shortage of vacant land in the area, the land has appreciated stability over the last decade. Currently the land is leased out to a local rancher so the land remains as a good operating farmland. Property is fenced properly and has access to a public road Rose Hill. There are no services such as wells or septic. Land is suitable to build a nice house and will be desirable to have country lifestyle but close still accessible to the busy urban city.