Description

Rare opportunity to acquire 193 acres of prime farmland with approximately 168 workable acres. Fertile Berrien Sandy Loam soil and systematically tiled at 30 ft spacing provide excellent drainage and productivity. Non-tillable land is productive pasture, adding further utility and value. Includes 4879 Highway 3 and 5017 Highway 3, all of which must be sold together as one package. Ideal for expanding farm operations or long-term investment in quality land. (id:66096)

Property Details

MLS®: 40825540
Property Type: Agriculture
Zoning: A,HL
Bedrooms: 0
Beds (above / below): 0 above · 0 below
Bathrooms: 0
Interior Size: 0 ft²
Basement: None
Ownership: Freehold
Property Tax: $3,843.01/yr
Listed: 188 days ago

Market Timing

Days on market

188d

Simcoe listings, avg age

76d

List price

$4M

Haho

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Area context

Neighbourhood profile (N3Y)

This home lists at $4,000,000, about 51.6× the local median household income of $77,500.

Carrying it typically needs a household income of about $781,340 (20% down, 25-yr amortization, stress-tested) — roughly 908% above the area median.

Median household income: $77,500
Population: 23,402
Median age: 49.2
Owner / renter: 75% / 25%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N3Y)

$4,000,000

For sale

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5017 HIGHWAY 3, Simcoe - Agriculture for Sale