Twin Coulee Mint
Sold on July 15, 2021
from 4:00 PM to 4:00 PM UTC
Location
Fairview, AB
Sale Size
1 Parcel, 310 ± Acres
Final
$640,000
Half section just 14 km SW of Fairview, Alberta of some of the richest farmland in the Peace Region, with the potential to be certified organic. Stunning views of the Island Creek Coulee to the East, Hines Creek Coulee to the West and crown land surrounding three sides. The huge Surface Lease Revenue is like having your own 'Mint'; to print money! There is also significant infrastructure, including a 2,169 sq/ft home.
Half section just 14 km SW of Fairview, Alberta of some of the richest farmland in the Peace Region, with the potential to be certified organic. Stunning views of the Island Creek Coulee to the East, Hines Creek Coulee to the West and crown land surrounding three sides. The huge Surface Lease Revenue is like having your own 'Mint'; to print money! There is also significant infrastructure, including a 2,169 sq/ft home.
Sale Details
Sale Description
Located fourteen kilometres west, south-west of downtown Fairview, Alberta, and approximately four thousand kilometres west of the Royal Canadian Mint in Ottawa, you will find one of the most unique half sections of land in Northern Alberta.
There is no need to own an alarm clock if you buy this half section as you will wake to the sound of Ka-Ching, Ka-Ching each morning! Over two thousand dollars of recurring revenue are credited to the new owner every month! Do the math and at today's interest rates, the massive annual Surface Lease Revenue will cover not only the interest component of your mortgage, but a good portion of the principal as well. The producing wells show no sign of depletion with a new pipeline built within the last four years to service them.
The Starting Bid for ‘Twin Coulee Mint’ is set at barely half the value of the property’s recent appraisal. The current owners have carried out numerous noteworthy improvements to the land during their tenure, including building a new ranch home in 1990. With its large country kitchen, sizeable entry mudroom, four bathrooms, main floor laundry, three bedrooms on the main floor and an additional three bedrooms downstairs, this home could not be more user friendly for a large family or shared dwelling.
Now that the kids have left home, it is time to turn it over to new owners so they can make their own family memories on this unique home half. Buy this half section and enjoy the benefits of living at the end of a dead-end road, just three kilometers off pavement, while taking in breathtaking views over Island Creek and Hines Creek Coulees. White tail and mule deer, moose, elk, and the occasional bear or cougar travel the coulees. Snowmobiling, tobogganing, hiking, trail riding, hunting and wildlife viewing are all just a step out your door.
The current owners are grateful to have had the opportunity to raise their kids in this idyllic setting while they enjoyed belonging to 4H beef, and Light Horse Clubs. This ranch has paid for itself in family memories time and time again. A new owner is likely to buy the half for well under replacement cost. Grain farmers will undoubtedly look at purchasing the half-section for the arable acres and SLR, while looking to subdivide off the home place and sell the acreage where the corrals and handling system were relocated to meet environmental standards.
Our CLHbid.com videographer knows how to showcase farmland, but for ‘Twin Coulee Mint’, in-person viewing is mandatory to really feel how particular this piece is. Head south down the dead-end Range Road and you will immediately sense that you are heading toward something very special with sprawling open pasture to the east and the deep Hines Creek Coulee to the west. This property feels like the majestic country estates with long private drives that you would more commonly find on some American TV Western. The owners are unpretentious and looking to retire; very much the opposite of the ‘Twin Coulee Mint.’ It is bold and willing to work day in and day out for any new owner.
The land has the potential to be certified organic with no chemicals used on the half section since 1993. The pasture and hay land were all cultivated at one time and could be again; it is essentially rock free. Three dugouts supply an abundance of water for livestock and reserve for up to three years of drought. While this water is not suitable for drinking usage for the residence, town water is hauled in and stored in a holding tank/separate pump/pressure tank in the basement. Cross fence offers unlimited potential for intensive livestock grazing, possibly even a small purebred operation. The high bidder will have the option of acquiring the Grazing Lease kitty-corner to the North West for the sum of $10,000 if they so wish.
Please review the Purchase Agreement in the Parcel Details section to see the specifics of the offer.
‘Twin Coulee Mint’ is being offered for sale by online electronic tender by CLHbid.com. Check the website for updates from time to time.
SLR Details: Click to view
Grazing Lease Details: Click to view
Twin Coulee Mint 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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