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11 Quarters with Oil Revenue
Storthoaks Rm No. 31 Storthoaks Rm No. 31 S0C 0P0

$5,500,000
Farm

Main Photo: 11 Quarters with Oil Revenue in Storthoaks Rm No. 31: Farm for sale : MLS®# SK982540
Photo 1: 11 Quarters with Oil Revenue in Storthoaks Rm No. 31: Farm for sale : MLS®# SK982540
Photo 2: 11 Quarters with Oil Revenue in Storthoaks Rm No. 31: Farm for sale : MLS®# SK982540
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Status:
Active
Prop. Type:
Farm
MLS® Num:
SK982540
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)
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)
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