3 bedroom House For Sale: 1957 King's..

A very unusual offering. 500 acres of mixed farmland and woods including 2700' on Joe's Lake. The main farm has been operating as a dairy farm since the 1700s in the same family, and when ceased being a dairy operation the owner has upgraded and refurbished the entire 24,000 sq. ft. of barns as well as the home, a substantial and modernized building of 28' x 60' with high tech heating systems, and thoroughly modernized interior. The existing farm acres comprise about 115 acres of good quality grass, which is baled every year, with an operating potential of 13,500 square bales, and is only about 7 years since being regularly limed etc. The land is bracketed by housing developments and obviously has a potential for mixed use, including beef cattle, wood sales, actual truck garden food production, and land sales. The property throws off a gross cash flow of about $40,000/year in storage fees for vehicles, boats and trailers. The municipality is watching the accelerated housing, and concerned that septic density will begin to impinge on private land water wells. It is apparent that once home densities reach a critical level that municipal extension of sewage lines and public water systems will require speedy construction. In the mean time, given slowing international trade and the growing reality of food shortages, Nova Scotia's relatively low levels of food production, (24%) various agricultural investments should be able to demonstrate substantial returns. A 500 acre contiguous parcel of underdeveloped forest and farmland in this area has to be an interesting property and provides an unusual breadth of opportunities. The fact that Joe's Lake is at the end of this land provides an even broader potential. Commission is not payable on the HST portion of the sale price.

Ref: 36099-10146