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21.8 AC Acreage Junction HWY 3/368
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Fletts Springs Rm No. 429 · Single Family · under $875,000 · 2+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Prime Highway Frontage Property with Endless Potential! It’s hard to find a property with better exposure than this! Situated at the high-traffic corner of HWY 3 (connecting Melfort and Prince Albert) and Highway 368 Junction (running from Beatty to St. Brieux and beyond), this 21.8-acre property sees an average of 1,600+ vehicles per day—an incredible opportunity for both residential and commercial ventures. This unique property has operated as both a residence and a greenhouse business for years, and it’s packed with extras: --- Residence: A spacious 1,620 sq. ft. modular home featuring 3 bedrooms, 1 bath, a partial basement for extra storage, and a covered back deck for relaxing. Recently updated, it's move-in ready! --- Second Home: An older character home that needs some TLC but has always had heat maintained to protect the water lines—offering great potential for renovation or rental income. Outbuildings & Storage: -- Quonset for cold storage -- Heated workshop—perfect for year-round projects ---Over 20,000 sq. ft. of greenhouse space (17,000 sq. ft. heated!) Business & Investment Potential: Whether you want to continue operating the greenhouse business or explore new opportunities, the commercial-sized natural gas line allows for endless possibilities—farmers’ bin yard acreage, gas station, destination-style restaurant, event center, and more! Why Work for Others? With this property, you can live on-site, own your own business, and turn your dreams into reality with a location that offers unbeatable visibility and opportunity. Serious buyers—don’t miss out! Contact us today to schedule a viewing. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 20 × 13 feet | |
| Kitchen | 13 × 13 feet | |
| 4pc Bathroom | 7 × 8 feet | |
| Bedroom | 16 × 10 feet | |
| Bedroom | 7 × 10 feet | |
| Bedroom | 12 × 10 feet | |
| Storage | 8 × 6 feet | |
| Den | 16 × 13 feet |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-6.67%
Cap rate
3.53%
GRM
16.7
Break-even rent
$4,936
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 1, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.