WHITE PINESNURSERY/MARKET GARDEN

SCOTT MCEWEN, Sr. Vice President & Senior Managing DirectorT +1 902 628 9301scott.mcewen@cbre.com

1 9 7 1 B E T H E L R O A D / M T . H E R B E R T / P R I N C E E D W A R D I S L A N D

LISTING PRICE

498,500

PROPERTY OVERVIEW

1 9 7 1 B E T H E L R O A D / M T . H E R B E R T / P R I N C E E D W A R D I S L A N D

RARE, ORGANIC LAND, CLEARED AG-RICULTURAL LAND AND NURSERY FOR SALE.

The farm/nursery consists of approximately 36 ± acres of land, approximately 8 km east of the Town of Stratford and approximately 11 km east of the City of Charlottetown. The property is improved with a 1,120 square foot shop building on a poured concrete that could easily be converted to a single family dwelling. The property also features a Quonset galvanized steel tarp barn with 4’ wood sides and overhead door for equipment storage. The farm/nursery includes a tractor and additional equipment. Great opportunity for you to expand nursery and start a market garden.

APPROXIMATELY 36 ± ACRES OF LAND

Great opportunity for you to expand nursery and start a market garden.

The farm/nursery includes approximately 20+ acres of wheat (leased to local farmer) and approximately 6 acres of organic land (to be certified organic by early fall 2020). The oat field is under-seeded with timothy. Total cleared acreage is estimated at 28 ± acres. Three large ponds constructed by Ducks Canada are located on the property.

The site is serviced with a well and septic. The area includes local farms and residential development. Parcel could be sub-divided along road for building lots (subject to approval). Potential for a variety of crops including oats, wheat, corn or ideal for broadcast planting of a variety of flowers.

The nursery includes 400+ red oaks in pots, 500+ red oak seedlings, 150 black walnut trees in pots, organic hops planted (horizontal post grow system), burning bush, yews (upright and spreaders), high bush blueberries and spiraea (Goldflame and Little Princess). Owner has irrigation system for seedlings (to be installed). The main field has been rented over the years with a variety of crop varieties. Plant propagation stock includes spiraea, euonymus, ribes ,forsythia, vaccinium and taxus. Organic section of property would be ideally suited to expand hops, hemp production or planting of chicory or other sought after specialty crops. Good opportunity to set up a hedging propagation greenhouse operation on this site.

Ecocert Canada inspection - September, 2019 has noted that the 20 acres in wheat will be eligible for organic certification after a three year transition period in September, 2022.

1 9 7 1 B E T H E L R O A D / M T . H E R B E R T / P R I N C E E D W A R D I S L A N D

PROPERTY DETAILS

P a r c e l S i z e

35.75 (Assessed)36.70 (Mapped)

B u i l d i n g S i z e

1,120 SF1,608 SF

C r o p s

Wheat, Organic Hops, Flowers, Trees, Shrubs

BUILDING AND EQUIPMENT DETAILS

4

Building # Details Sq. Ft. Electrical Foundation Comments

Building No. 1 Shop (could be dwelling)

1,120 200 Amp Slab on Grade 4-PC Bath and Kitchen Area; 170 litre electric hot water tank, propane heat (disconnected); wired for artificial light for plant propagation. Built in 2006. Could easily be finished for resi-dential living.

Building No. 2 Calhoun Tarp Barn

1,608 Barn is in good condition; con-structed in 2012. Galvanized metal hoop barn made by Cal-houn. Building has 4’ wood sides covered in material.

Equipment

2011 MX51 Kubota Tractor

Land Pride Rotary Tiller

Farm King – 72” Finish

Mower

Land Pride – Posthole

Digger

All equipment purchased new from Good Equipment, Char-lottetown, PEI

SCOTT MCEWEN, Sr. Vice President & Senior Managing DirectorT +1 902 628 9301scott.mcewen@cbre.com

CBRE © 2019 All Rights Reserved. All information included in this letter/proposal pertaining to CBRE, Inc.—including but not limited to its operations, employees, technology and clients—is proprietary and confidential and supplied with the understanding that such information will be held in confidence and not disclosed to any third party without CBRE’s prior written consent. This letter/proposal is intended solely as a preliminary expression of general intentions, is for discussion purposes only, and does not create any agreement or obligation by CBRE to negotiate or continue negotiations. CBRE shall have no contractual obligation with respect to the matters referred to herein unless and until a definitive, fully-executed agreement has been delivered by the parties. Prior to delivery of a definitive executed agreement, and without any liability to the other party, either party may (1) propose different terms from those summarized herein, (2) enter into negotiations with other parties and/or (3) unilaterally terminate all negotiations with the other party hereto.

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