This 146 acre property located in the district of Mahogany is the perfect investment for future residential development. Currently designated for Residential. Situated directly at the City of Calgary limits, minutes to the South Calgary hospital coupled with the numerous amenities of Seton and Auburn Bay. It's no secret the community of Mahogany is not only the fastest selling district in Calgary, it offers a recreational paradise and has been described as spectacular. This land provides developers almost a quarter section of opportunity and is currently generating revenue under a short term lease. To my understanding the farm land is rented for grain farming at $13,600 per year and the surface lease pays $2500 per year.
Listing provided courtesy of CREB. Disclaimer: The information contained in this listing has not been verified by RE/MAX Realty Professionals and should be verified by the buyer.