$ 74,900

Terry Boylan, Coleman, PE, C0B 1H0

Listing ID# 201713620
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$ 74,900

  • Terry Boylan
    Coleman, PE C0B 1H0
  • Listing ID 201713620
  • Building type: FARM
  • Bedrooms: 2
  • Bathrooms: 1
  • Land size: 47.7 Acres
  • Living space: 600 sq ft
  • Status: For Sale/Active
  • Days on Market: 82
  • Age of Building: 2017
  • Basements: None
  • Drive: Other
  • Heating: Baseboard
  • Utilities: Cable: Electricity,Telephone
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Property Description

A recent article from CBC News states "Farmland prices up 10% last year as property boom spreads to agriculture". As seen on PEI farmland, prices have drastically increased in recent years! Take this chance to make a purchase of farmland in Coleman, PEI and have tenants pay for most of the cost. This 47.7 acre parcel has approximately 18 acres of farmland, 25 acres of woods and two with a mini home along with two vacant serviced lots. The mini homes, with long term tenants, each pay $400 a month which would cover a large portion of the carrying costs for this long term investment. Currently the land rents for $50/acre. This long-term investment will only increase in value and currently supports itself! *Mini homes can be removed from the property. *This property is being sold "as is where is". Due to the various elements of this property it is likely HST applicable.

Listing courtesy of GOLD KEY REALTY LTD.