About This Property
An exceptional opportunity to acquire 160 acres of flat, highly usable agricultural land in the heart of Armstrong. This versatile property offers endless potential for a wide range of farming operations including hay production, greenhouses, cattle, or a dairy enterprise. The land is well-equipped with three wells, three hay sheds, and a substantial 48’ x 40’ shop featuring 200-amp service and two bay doors, ideal for equipment storage and year-round operations. A mature treed wind barrier enhances functionality and provides natural protection across the property. Strategically located on Otter Lake Cross Road, this property benefits from Armstrong’s strong agricultural community, known for its fertile soils, supportive farming network, and proximity to larger centres like Vernon and Salmon Arm. The area offers a balanced rural lifestyle with access to essential amenities, schools, and recreation, making it attractive for both established operators and those looking to expand. Seller is open to leasing back all or a portion of the land, providing flexibility and potential immediate income for investors. A rare offering with scale, infrastructure, and long-term upside in one of the Okanagan’s most desirable farming regions. (id:64973)
The $5,900,000 asking price for this 160-acre agricultural property in Spallumcheen represents an excellent value proposition at $36,875 per acre, well below the average for comparable farmland in the region. This versatile land with extensive infrastructure is ideally suited for large-scale farming operations such as hay production, greenhouses, or a dairy enterprise, making it an attractive opportunity for established agricultural businesses.
Property Details
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