Irma's North Star - Irma, AB

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Irma's North Star - Irma, AB Parcel

Irma's North Star - Irma, AB Sold - AB

Sold on March 3, 2021

Just off Highway 881, north of Irma, Alberta, is a wide-open quarter of hay and pasture land.  Leave as is, or convert it back to the crop land it once was.  The significant annual Surface Lease Revenue is an added value!  Starting Bid:  $290,000.

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Map of Irma's North Star - Irma, AB

Description

The Village of Irma has its own north star just four miles to the north off Highway 881.  A quarter of highly fertile soil that has been building organic matter while taking a rest from cropping for the past several years.  Great hay and pasture land, easily converted back to crop land.  Whether you’re a rancher or grain farmer this mostly wide-open fenced quarter will demand your attention.  In total, approximately 145 acres can be brought under cultivation.

The quarter is located the same twenty-four miles south of Mannville or east of Viking, Alberta.  The area is well known to produce top NHL hockey players as well as top forage and grain crops.  ‘Irma's North Star’ is currently looking to become part of a local farm team in March of 2021.  Draft to be held online and eligible to all local farm teams in all leagues.

Today's low-interest rates, coupled with lenders now offering 100% financing based on existing equity in other land, provides an unlimited opportunity to buy this quarter for nothing down and put it to work for the 2021 season. It does get better – the significant annual Surface Lease Revenue* on this quarter could serve to cover a sizable portion of your yearly interest component on your mortgage.  

Please review the Purchase Agreement in the Parcel Details section to see the specifics of the offer.

‘Irma's North Star’ will be offered for sale by online electronic tender by CLHbid.com.  Check the website for updates from time to time.

SLR Details:  *Pine Cliff Energy Ltd. requested a reduction in the annual rental payment at the 5 year review in January 2021, however the Owner refused to agree to such reduction.  Annual rental remains, however Pine Cliff Energy Ltd. has indicated they may abandon the well at some future date given the Owner never agreed to a reduction.  CLICK here for further details on SLR

Bidding ended on March 3, 2021

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