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120 Acres Lot
Key Details
Sold Price -
Property Type Vacant Land
Sub Type Grain
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SK020291
Sold Date -
Lot Size 120.000 Acres
Acres 120.0
Property Sub-Type Grain
Source Saskatchewan
Property Description
This 120-acre parcel offers a rare combination of prime location and high-quality farmland, featuring Class B Regina Heavy Clay soil, well known for its productivity and long-term value. Situated only ½ mile south of Regina SIast and directly bordering Regina's city limits, the property is strategically positioned near major traffic corridors, including Highway #1 and the University of Regina, making it highly desirable for a wide range of future uses.
The land is currently zoned Agricultural (AG) but holds strong redevelopment potential with RM approval. Possible opportunities include commercial, industrial, residential, or mixed-use development, making it an exceptional holding property for investors with vision.
In the interim, the land generates steady income. It is rented on a year-to-year basis to a local farmer, and there is also an option for a company to lease up to 30 acres on the northwest corner at $35,000 per year, further enhancing its investment appeal.
Location
State SK
Exterior
Topography Flat
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