Curbside
Sold on March 3, 2020
from 6:00 PM to 6:00 PM UTC
Location
Claresholm, AB
Sale Size
5 Parcels, 1 En Bloc
Final
$1.02M - $1.57M
Location, location, location! 10 quarters forming 2 contiguous packages on the outskirts of Claresholm, Alberta; 2 kilometers bordering Highway 2 on the west. This is some of the most fertile land in Western Canada. An opportunity not to be missed.
Location, location, location! 10 quarters forming 2 contiguous packages on the outskirts of Claresholm, Alberta; 2 kilometers bordering Highway 2 on the west. This is some of the most fertile land in Western Canada. An opportunity not to be missed.
Available Parcels
Parcel Name Parcel 1 | Parcel Size 70 ± Acres | Final $1,180,000 | View Details & Offer |
Parcel Name Parcel 2 | Parcel Size 153 ± Acres | Final $1,350,000 | View Details & Offer |
Parcel Name Parcel 3 | Parcel Size | Final $1,570,000 | View Details & Offer |
Parcel Name Parcel 4 | Parcel Size | Final $1,490,000 | View Details & Offer |
Parcel Name Parcel 5 | Parcel Size | Final $1,020,000 | View Details & Offer |
En Bloc Name En Bloc | En Bloc Size | Final $200,000 | View En Bloc |
Sale Description
[https://clhbidstorage.blob.core.windows.net/documents/Auctions/8c8b416a-d226-40d3-28d4-08d75cadda67/TinyMCEPictures/807209d7-c76d-4e07-b556-93ad5c7e4744.jpg]The west side of Curbside on the Economic Corridor consists of five hundred and three acres of prime farmland perfectly laid out along the primary transportation corridor. Highway 2 is referred to as the CANAMEX Highway, referencing its international logistics significance, for the movement of goods between Canada, America and Mexico. In total, two kilometres of curbside highway frontage situated on the geographic midpoint between Calgary and Lethbridge, Alberta.
The land is prime farmland that can be farmed corner to corner with big iron given the contiguous layout of the land. Area farmers can add significant acres to their land base and capitalize on economies of scale. Better margins mean a happy banker. These 503 acres are truly a multi-purpose parcel of land offering up substantial long-term financial power. All sure to make you, your kids and their kids very happy. If you are someone that likes to check all the boxes before buying land, this makes the grade, being on the windward side of the corridor means any frontage development would face the corridor and be on the leeward side. These four quarters, on the west side of Highway 2, will be sold in two Parcels.
[https://clhbidstorage.blob.core.windows.net/documents/Auctions/8c8b416a-d226-40d3-28d4-08d75cadda67/TinyMCEPictures/3f6168ec-0fa8-4d95-926b-e99b629fd7e7.jpg]Curbside does get better. Add a six-pack of quarters on the east of Claresholm and together with the parcels on the west, you have showpiece bookends to that Western Canadian storybook town. This easterly six-pack is made up of the south half of Section 1 and all of Section 36. Numbers that perhaps reflect chance at the roulette table, but nothing but productive certainty in the case of these 875 prime cultivated acres of agriculture land. The adage "You can never pay too little for poor land and too much for good land" rings real here. In total, six highly fertile quarter sections of land bordering an urban centre, all within one mile of one of most major transportation corridors in all of Canada.
This six-pack produces on and off the field with SLR on all six quarters. There quite simply is no substitution for an assemblage of land like this. Land that is close to grain and oilseed markets. Miss it, and it may not trade again for generations. The quarters will be sold in three parcels as per the CLHbid website. Parcel 3, being the south half of Section 1, is that often sought after half-section made just for the GPS. In total 313 acres of arguably some of the most fertile land in Southern Alberta. Parcel 4 is again that showcase half-section running north and south bordering the town itself and made up of over 315 acres of cultivated land. One only has to imagine what this half section might look like in a few decades situated right on the doorstep of Claresholm. Lastly, Parcel 5 is made up of some 250 acres of cultivated land forming the east half of section 36. A smaller parcel of less productive wetland on Parcel 5 has been left to nature for years while continuing to focus on prime acres for productivity. These 3 parcels (parcels 3-5) will also be offered in the 'en bloc' platform such that, at the end of the sale, if you meet specific requirments to bid 'en bloc', you may potentially purchase all 3 parcels.
All 10 of these quarters have been owned and managed by the same farmer/operator for over four decades through the lens of 'continuous improvement', utilizing advanced sustainability procedures and modern technologies including zero-tillage, fertility management, targeted crop protection, strict rotations and disease prevention. Sound stewardship has always been paramount on this land. If you believe that luck is a well thought-out plan meeting opportunity, you no doubt will want to review the proposed map of the future Highway 2 bypass around the east side of Claresholm. The bypass coming to fruition would provide highway frontage to the eastern six-pack (see attachment below of 'possible' future alignment of Highway 2 bypass. Not to be viewed as a certainty).
The development opportunity offered is driven by local organic growth from the expansion of Claresholm, coupled with more broad-based regional and nationally driven industrial growth as a result of being located along this world-renowned economic corridor. Base your new business in the M.D. of Willow Creek, and you can be confident the foundation will be rock solid given 2/3 of the M.D.'s tax income is already derived from wind farms, transmission lines and other energy-based assessments. A Municipal District with a solid financial base ensures you can focus on the business at hand. During World War II pilots were trained about the leading-edge characteristics of a wing at the local airport. Today that is replaced with several cutting-edge industries located on the airport, including green building system manufacturing.
We have all seen a quarter of farmland for sale adjacent to a transportation corridor, only to come back years later and witness three-acre commercial lots selling for more than the quarter initially sold. Don't kick yourself for missing this one. Some of the most fertile land in Western Canada with arguably some of the highest potential for appreciation. If you’re looking to diversify and invest in agriculture land in Western Canada, Curbside on the Economic Corridor gives you that opportunity to realize significant appreciation far and beyond just farmland potential.
Curbside on the Economic Corridor will be offered for sale by electronic tender by CLHbid.com. Check the website for updates from time to time.
'Possible' Future Alignment of Highway 2 Bypass (note: Not to be viewed as a certainty): Click to view
En Bloc Details: Click to view
SLR Details: Parcel 1 Parcel 2 Parcel 3 Parcel 4 Parcel 5
Curbside 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.
Proven Results
from satisfied buyers
Frequently Asked Questions
There are existing auction platforms out there such as the ‘Iowa Auction’ that stop bidding after all individual parcels have received high bids. Then for round #2 of the auction they allow past as well as new bidders to ‘up the ante’ by bidding on the entire farm or ranch with a reserve bid set at the aggregate price just bid on all individual parcels in round #1.
After seeking input from many farmers and ranchers, most told us they didn’t feel a platform such as this was fair to bidders on individual parcels who in many cases have went to a lot of work to get pre-approved for financing etc. Farmers and ranchers also indicated they didn’t think it is fair for a large player to ‘lay in the weeds’ and not bid until after the initial round of bidding. They also told us that it would not be fair to allow a larger player to acquire the entire farm or ranch for only a few dollars more than the aggregate of the prior individual bids. Hence the rationale for the ‘premium bid’ amount for the ‘en bloc’ parcel at the conclusion of the auction.
At CLHbid.com, you as bidder only need to be high on a certain number (generally less than 50%) of parcels in order to have a chance to acquire the entire farm or ranch, whereas at national Auction firms you generally have to be high on 100% of the parcels in order acquire the entire ranch or farm.
Bidders have no knowledge of the identity of other bidders. Likewise, the Seller during the sale is not privy to who may be bidding or how many parcels someone may be ‘high on’. At CLHbid.com we set out to create a platform for the selling or leasing of agricultural land that was honest, fully transparent and offered no opportunity for bids to be shopped by the Seller. This is especially important wherein the Seller has final approval.
At CLHbid.com we have put safeguards in place in our CLHbid.com contract with our Seller to ensure the Seller deals only with the high bidder at the conclusion of bidding. During the timed auction itself, all back-end information is locked down including who is bidding or who is registered to bid. At the conclusion of the bidding, the Seller is privy only to the name of the high bidder on each parcel.
The minimum increment for bidding is set prior to each specific sale in consultation with the Seller. The increments are set having regard to the FMV of the parcel being sold with more expensive parcels generally having larger increments.
We have all been to live auctions where a quarter of land worth $500,000.00 starts at $100,000.00. The parcel is then bid up in large increments initially with the increments gradually decreasing in size as the bidding approaches the end. At CLHbid.com, given our predetermined minimum increments, we try and speed up the process by starting the bidding at what we see as a reasonable number to start serious bidding at, yet a number still below FMV.
In addition, given the ‘en bloc’ final parcel bidding option offered at CLHbid.com, we require a floor number for each individual parcel in the unlikely event a specific parcel doesn’t receive a bid, yet at the conclusion an eligible bidder wishes to bid on the entire farm or ranch. In such a case, the Starting Bid becomes the value to be used for that Parcel not receiving a bid when determining aggregate bids. It is important to note the Starting Bid is not a Reserve Bid.
PLEASE NOTE: Not all CLHbid.com sales have an ‘en bloc’. Please review the particulars of each sale for clarity.
No. The Seller waives their right to approve the sale if there is a bid on the ‘en bloc’.
This is really no different than in the tendering process wherein Tenders stipulate “any and all tenders will not necessarily be accepted”. One issue with tendering is the cost to put a tender in the paper is nominal and there is always a risk of the Seller perhaps just feeling out the market or wanting to know the names of the parties interested.
At CLHbid.com one of the paramount reasons for allowing the Seller final say is to alleviate the need for an expensive Guarantee to the auction house – expensive and seldom called upon yet often required by the Sellers bank. The Seller’s bank doesn’t require the Seller to purchase a Guarantee when using the CLHbid.com platform wherein the sale is at the Seller’s discretion.
CLHbid.com incurs significant marketing costs in the event the Seller fails to accept the high bid(s). The Seller is under contract with CLHbid.com and the contract references trigger values indicating when the right of the Seller to refuse a sale is taken away.
At CLHbid.com, our Sellers are fully invested in the process meaning the likelihood of a high bid not being accepted is extremely remote.
No. At CLHbid.com there is no advantage to waiting to bid. Our platform has a ‘refresh’ function on the clock such that any bid placed near the expiration of the timed sale will automatically re-set the clock adding additional minutes to the clock giving all parties (including the bidder that was just outbid) another opportunity to bid.
At CLHbid.com we take the human element out of the process. During the bidding process if you are high, you will receive an online notice saying you are High Bid. If you get outbid you will receive an online notice saying you were Outbid. Immediately upon expiration of the timed sale, the high bidder will receive an email indicating they were the HIGHEST BIDDER.
All emails are auto generated. The question cannot arise as to whether you were high or not or “was it shopped to someone they liked better” such as when tendering land.
No. The Starting Bid is just that. The first bid required for a Parcel is the Starting Bid and not some number above it. If you are the initial bidder and just bid the basic minimum increment your Current Bid will be the Starting Bid number.
CLHbid.com doesn’t publish the name of the high bidder. We do, however, disclose the name of the high bidder to the Seller as they are then in a contractual agreement to buy and sell. We leave it up to the high bidder and Seller to tell whomever they wish.
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The sale starts and finishes in a matter of hours and the time will extend if bids are placed in the last two minutes of the sale. As confidentiality and honesty are paramount to us, bidders names are never released.
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