Final Bid: $460,000
Auction finished on: October 3, 2018 at 1:02 pm
The Crossroads is without a doubt one of the most assorted parcels of land in all of North Western Alberta. Over one hundred and thirty-five acres in total, with approximately one hundred acres being highly productive black soil. The property has Bear Creek meandering through its thirty-five acres of pristine natural area, which make up the south east quadrant.
A switchback in the creek itself serves to carve out a four-acre secluded park-like area that could double for hole number one at the Masters in Augusta. A perfect place to build a recreational cabin on, only one-half mile from the out skirts City of Grande Prairie. The Crossroads offers quick access to Clairmont to the east, the Emerson Trail to the north, Highway 2 to the south and expansive Bear Lake to the west.
If you’re looking to invest in agricultural land, while enjoying the recreational possibilities it offers, the Crossroads is that textbook investment for your family. The Crossroads offers significant Surface Lease Revenue in addition to annual revenue from leasing out the cultivated acres. The current tenant is prepared to continue renting if a buyer so desires. In addition to diverse rental income, a buyer can expect to realize on the appreciation of the land itself, with farmland in general increasing year over year, in the area of 8% per annum in Alberta, over the past several years.
The Crossroads will be offered for sale on CLHbid.com on October 3rd 2018 with a closing date of January 4th, 2019. The high bidder will be entitled to access the land for fall work upon payment of the 20% deposit on October 4th, 2018, subject only to the existing tenant having harvested the current canola crop.
The annual surface lease revenue is $3,550.00 for Hotton Quarter.