Quote:
Originally Posted by fotze
Is that market value. If you do a $/ha on the land in the first bullet its a $16MM value for $1.6MM. I guess where the land is matters quite a bit.
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I'm pulling these number from memory, but for kicks I was trolling around on MLS a couple of months ago, and I believe at that time comparables for land on the west border of Calgary are in the $200K-$500K per acre range, whereas land on the far side of the reserve is more like $20K-$40K per acre.
Just checked again and here are a couple of examples.
West Border of Calgary
http://beta.realtor.ca/propertyDetai...rtyId=13383939
http://beta.realtor.ca/propertyDetai...rtyId=13282865
Bragg Creek
http://beta.realtor.ca/propertyDetai...rtyId=12685733