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Pina Marrella

info@pinarealestate.com +1(416) 909-1969

$1,999,900

Est. payment - /mo

4 Beds

2 Baths

1,170 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1170

Square Footage 1,170 sqft

Price per Sqft $1,709

MLS® Listing ID A2348817

Style Bungalow

Bedrooms 4

Year Built 1966

Lot Size 156.000 Acres

Acres 156.0

Property Sub-Type Freehold

Property Description

INCREDIBLE INVESTMENT & DEVELOPMENT OPPORTUNITY! 156 acres bordering the new Highway 43X bypass with pavement right to the driveway, offering outstanding exposure and huge long-term industrial and commercial development potential along one of Northern Alberta's busiest transportation corridors. Recently annexed into the City of Grande Prairie and positioned in the path of future growth, this property provides investors the opportunity to generate income while planning and engineering future development, with approximately $68,200/year in current potential revenue from the house and shop rental ($5,000/month), farmland rent ($4,000/year), and surface lease revenue ($4,200/year). The attractive approximately 5-acre main yard site features a 1,176 sq. ft. 4-bedroom, 2-bathroom home, 42' x 60' heated shop, 1,200 sq. ft. workshop, large open-sided machine shed, detached double garage, and additional outbuildings, providing the option to continue renting or live on site and operate your business. Approximately 100.56 acres are currently cultivated, and a second established yard site with its own driveway, previously home to a mobile residence, offers additional future possibilities including another residence or potential subdivision, subject to City approval. Currently zoned AG with 2025 property taxes of only $2,244.42, this is a rare opportunity to secure a full quarter with substantial existing infrastructure, multiple income streams, exceptionally low holding costs, Highway 43X frontage, and significant future development potential within the growing City of Grande Prairie. (id:24570)

Location

Province AB

Rooms

Kitchen 0.0

Extra Room 1 Basement 12.00 M x 10.00 M Bedroom

Extra Room 2 Basement 4.00 M x 6.00 M 3pc Bathroom

Extra Room 3 Main level 12.00 M x 10.00 M Primary Bedroom

Extra Room 4 Main level 10.00 M x 9.00 M Bedroom

Extra Room 5 Main level 9.00 M x 10.00 M Bedroom

Extra Room 6 Main level 5.00 M x 7.00 M 4pc Bathroom

Interior

Heating Forced air

Cooling None

Flooring Other

Exterior

Parking Features Yes

Garage Spaces 5.0

Garage Description 5

Fence Not fenced

View Y/N No

Attached Garage No

Garage Yes

Private Pool No

Building

Lot Description Lawn

Story 1

Architectural Style Bungalow

Others

Ownership Freehold

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Listed by Sutton Group Grande Prairie Professionals

Nearby Locations

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Pina Marrella

+1(416) 909-1969

Agent

70054 TWP RD 715 Grande Prairie, AB T8W5J4

Pina Marrella

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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70054 TWP RD 715