Office Listings
11 Quarters with Oil Revenue
Storthoaks Rm No. 31
Storthoaks Rm No. 31
S0C 0P0
$5,500,000
Farm
- Status:
- Active
- Prop. Type:
- Farm
- MLS® Num:
- SK982540
- Photos (28)
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Here is a rare opportunity to purchase 11 quarters with a significant income of $161,895 from 51 surface leases. The land is located 7 miles North of Carievale in the Rm of Storthoaks. There is a total of 1745.21 acres currently in alfalfa. The soil classes are 9 (H), 1 (J) and 1(K). The total assessment is $1,911,500. The income from the alfalfa ranges year to year from $70,000 - $80,000. The land was in cultivation and could be put back into production. According to SAMA there are 1245 cultivated acres and more acres could certainly be broken. There is one fenced quarter that is used for pasture with an older yard site with power, no value was given to the yard site. For an investment there is lots of value with passive income of approximately $240,000 per year which equates to over a 4.3% return on investment.
- 5.5 miles South of Storthoaks
- Listing Area:
- Storthoaks Rm No. 31
- Property Type:
- Farm
- Property Sub Type:
- Hay
- Property Offered:
- Land Only
- School Bus: Yes
- Lot Size:
- 1,745.21 acre(s)706 hectare(s)
- Nearest Town:
- Carievale
- Distance to Town:
- 12
- Distance to elementary school:
- 12
- Distance to High School:
- 12
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Listed by Sutton Group - Results Realty
Data was last updated January 17, 2025 at 03:35 AM (UTC)
- JENNIFER COPPOLA
- SUTTON GROUP - RESULTS REALTY
- 1 (306) 5366944
- Contact by Email
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