5
$1,299,000 Sale
Listed 3 hours ago
Rural Address
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Key Facts
Key facts for Rural Address
Property Type
Lots/Land
Parking
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MLS #
SK020291
Size
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Basement
Unspecified
Listed on
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Lot size
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Tax
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Days on Market
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Year Built
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Maintenance Fee
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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 strategic...ally 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.
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Listing courtesy of: Sutton Group - Results Realty