Turning Point
Sold on February 28, 2022
from 4:00 PM to 4:00 PM UTC
Location
Mannville, AB
Sale Size
2 Parcels
Final
$340K - $880K
Three contiguous quarters selling as two parcels near Mannville, Alberta. With cultivated acres and Surface Lease Revenue, this is the perfect land base to start a new farm or add to existing acres.
Three contiguous quarters selling as two parcels near Mannville, Alberta. With cultivated acres and Surface Lease Revenue, this is the perfect land base to start a new farm or add to existing acres.
Available Parcels
Parcel Name Parcel 1 | Parcel Size 318 ± Acres | Final $880,000 | View Details & Offer |
Parcel Name Parcel 2 | Parcel Size 154 ± Acres | Final $340,000 | View Details & Offer |
Sale Description
Click here for directions to Parcel 1 and Parcel 2.
Click here for SLR details for Parcel 1 and Parcel 2.
Click here to view the specific details in the Offers to Purchase for Parcel 1 (option to purchase parcel with the Farmstead), Parcel 1 (option to purchase the parcel without the Farmstead) and Parcel 2.
The Kufeldt family farm has been part of the fabric of the Mannville community for generations. After decades of managing this mixed farming operation and enjoying the results of all their hard work, the Kufeldt family has hit the turning point and the time has come to sell. ‘Turning Point at Mannville’ offers three contiguous quarters just west of Mannville, Alberta, and is located less than one mile north of the major Trans-Canada Highway 16, also known as the Yellowhead Highway.
‘Turning Point at Mannville’ will be sold as two parcels. PARCEL 1 consists of two full quarters running on the East-West axis. This half-section boasts 220-acres under cultivation, Surface Lease Revenue, and a great area on the west end of the half that could be used for pasture. The southeast corner of this half section encompasses the Kufeldt home site: on sale day the high bidder will have the option to purchase the home site and buildings for an additional $200,000 on top of the high bid. If the high bidder does not exercise this opportunity, the area around the home will be subdivided from the half-section at no cost to the new owner. The home site includes a mature shelter belt, a solid farmhouse with a detached garage, a shop and other assorted outbuildings. With great husbandry from the Kufeldt family, this home place would be hard pressed to replace. Mature trees in combination with the private location and proximity to town makes this spot truly special.
PARCEL 2 consists of 64 cultivated acres and the perfect area for pasture and recreational use on the west side of the quarter-section. Surface Lease Revenue on this quarter solidifies a good return on investment and there is one small 5.35-acre subdivision out of this quarter for the compressor site.
‘Turning Point at Mannville’ is the perfect land base for the prospective buyer. It offers land that has been farmed with great care, proximity to elevators and auction marts, all the amenities one could hope for and just under $10,000 in annual Surface Lease Revenue. ‘Turning Point at Mannville’ is the ideal spot to raise a family, start a new farm or add to an existing land base – all within minutes of the Village of Mannville. Located on the junction of Highway 16 and Secondary Highway 881, Manville is situated 83 kilometers west of Lloydminster and 181 kilometers east of Edmonton. It is surrounded by scenic river valleys and beautiful rolling fields and provides a picturesque view of rural Alberta.
With the low starting bids under $1,900 per acre, this is sure to be a positive investment for any farmer in this area of the province. Buy a fantastic land base that has been set up properly, all with the opportunity to include the yard site and the additional buildings.
'Turning Point at Mannville’ is being offered for sale by way of online electronic tender by CLHbid.com. Please check back for updates from time to time.
OPTION TO PURCHASE ENTIRE 159 acres +/-: High bidder of Parcel 1 (being the NW 27-50-9-W4TH and the NE 27-50-9-W4TH) shall have the option to purchase the entire 159 acres +/- with the farmstead by paying an additional $200,000.00 over the high bid. Notice of intent to exercise the option shall be by email to info@clhbid.com within 2 hours of the high closing bid on auction day. If the high bidder elects not to purchase the farmstead, closing of the land shall occur on April 4, 2022 with existing title of 159 acres +/- being transferred to the high bidder subject to a caveat protecting the owners right to subdivide and obtain title to the farmstead upon registration of the plan of subdivision.
Turning Point 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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