Rose Hill B (SOLD)
Property Type: Freehold Land
Price: $2,700,000 CAD
Parcel Size: 337 acres
An unique and awesome investment! One of the largest acreage available which is close proximity to Kamloops. Located on Rosehill road, this property is situated in one of the most desirable area for mid to upper class neighborhood in Kamloops. This land enjoys the panoramic view of the South Thompson River, Downtown Kamloops and the mountain beyond which appeals to any type investor. The Rose Hill subdivision just mins away from the property comprises of multiple million-dollar houses which proves this area is worth investing. A neighboring rancher is leasing the property for grazing for a few years, proving farming and potential for hobby farm is available for the land. There is approximately 100 acres of fir and other species to keep the property forested. This sale would include timber which is evaluated around $200,000. Don’t wait to make an appointment for inspection!
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%.