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Neustaeter Farm
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A DIVERSE HOME QUARTER CONSISTING OF 80 SEEDED ACRES, HOUSE, SHOP, BARN AND CATTLE SET UP LOCATED IN THE RM OF PREECEVILLE NO. 334. Situated 17 KM north of Preeceville along highway #9 and a 2 minute drive from Endeavour this hobby farm has much to offer. Boasting natural gas to the property with a steady solid revenue source off the land it makes this a great investment opportunity. Soil class is rated "H" and the land is currently is seeded into wheat for the 2026 crop season and is included in the purchase price. This quarter is fenced with 3 dugouts, perfect for livestock. The yard site is nestled into a mature shelterbelt that surrounds the entire perimeter of the property. The yard site also features a cozy firepit and patio area with mature landscaping leading to an orchard. The house originally built in 1948 is solid with a 1963 addition and provides a functional 1,320 square feet of living space above grade. The home has undergone some improvements featuring updated windows, doors, metal roof, and a wood burning fireplace that is up to code providing a great backup heating source to the natural gas. The home consists of 3 bedrooms, 2 bathrooms, a loft upstairs along with a partial basement. The property can be accessed off highway #9 leading to the 40 x 72 shop or it can be entered off the north grid road to the house. A nice round about drive through of the well treed yard site provides access to the house, garden area, shop, pasture and crop area. Call for more information or to schedule a viewing. Taxes:$928/year. (id:65958)
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
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Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
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Suite legality / potential
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Monthly carrying cost
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Property taxes
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Insurance estimate
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Commute
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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
-6.85%
Cap rate
3.49%
GRM
16.7
Break-even rent
$3,814
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.
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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.
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Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 20, 2026.
Location of this listing. Distances are straight-line.
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