Dunn Lake Road
Property Type: Freehold Land
Price: $540,000 CAD
Parcel Size: 217 acres
This is a rare offering of 217 acres vacant land, located mins away from Clearwater. Zoned I2 and RL1; partially light industry and residential, I2 where certain type of industry use is permitted and RL1 where single family house are allowed to be build, the minimum lot size is 16 hectares. There are opportunities to subdivide into a small piece for development projects. With a low inventory of available industrial land, it might be possible to lease to a local business for certain use. If buyer dont wish to develop, a good option is to build a cabin that faces the gorgeous view of Thompson river. The topography is moderately sloped and slightly treed, with many buildable sites. There are public roads access to the property and district services are assumed to be easy to install. Dont miss the chance to buy this acreage!!
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%.