Cash Crop N' Cows

Sold on August 22, 2024
from 3:00 PM to 4:00 PM UTC

Location
Virden, MB
Sale Size
1 Parcel, 160 ± Acres
Final
$500,000

160 acres selling as one Parcel situated just 1½ miles north of the Virden, Manitoba airport. The quarter comes with significant Surface Lease Revenue of $18,000/year, which will go a long way towards making your mortgage payment considering the low Starting Bid. With an impressive 90 cultivated acres and 60 acres of pasture, this is a quarter that checks the boxes for farmers, ranchers, and investors alike.

Sale Details

Web-CashCrop-8
1 / 16

$500,000 Final

for 160 ± Acres near Virden, MB

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Legal Land Descriptions

SE-12-11-26-WPM160 Acres

Sale Description

‘Cash Crop N’ Cows’ is a 160-acre quarter of land located a mere one and a half miles north of the Virden, Manitoba airport. This quarter is ahead of its time and is the poster child for embracing diversity, which we hear so much talk about. With ninety cultivated acres, another sixty acres in pasture, and the balance taken up by well sites offering passive income daily, your banker will likely already have their pen out upon your arrival at your pre-approval meeting.

Cash Crop N' Cows

Cash Crop N' Cows

‘Cash Crop N’ Cows’ was purchased by its long-time owner when he was just eighteen years old. The quarter served him well and offered solid appreciation in combination with annual rental income. The current annual Surface Lease Revenue of $18,000 equals a 5.8% return on investment at the Starting Bid of $310,000. Add to this the average annual appreciation of farmland in Manitoba using FCC numbers, and then top it all off with annual lease revenue for the pasture and cultivated acres and you may need to give your bookkeeper a raise for keeping track of it all.

‘Cash Crop N’ Cows' starting bid is well below a recent appraisal, which took into consideration the land value and the significant income stream offered by the Surface Lease Revenue. The family has decided to allow the market to determine the value of this quarter on sale day. The high bidder will take possession subject to tenants' rights for 2024. Surface Lease Revenue payments with anniversary dates following Closing will be assigned to the new owner.


Cash Crop N' Cows is being offered for sale via online escalating tender by CLHbid.com. Check the website for updates from time to time. The property may be viewed by interested registered bidders. Please contact us by email at info@clhbid.com for an appointment. As a law firm, CLHbid never discloses bidder's names to any party, including the Seller. Only the successful buyer's name is ever disclosed to the Seller as part of the closing process.

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