Upcoming Rental Auctions
(Starting Oct 20th 2022)Click to View
× This listing has expired.
Active

SOLD ! For Sale 7 Quarter Farmland in One BLock

RM of Hazelwood No 94

Asking Price $999,000.00 ( )
Details
  • Major Use Mixed Land
  • RM Name Hazelwood No. 94
  • RM Number 94
  • Legal Descriptions NW 20-10-5-2, NE 20-10-5-2, SE 31-10-5-2, NE 30-10-5-2, SE 30-10-5-2, NW 30-10-5-2, SW 30-10-5-2
  • Property Taxes 2,202
  • Total Land Area in Acre 1,104
  • Bins Included none
  • Outbuildings Included house and buildings are included as is where is
  • Nearest Town Kipling
  • Directions see marks on google map
  • Map URL https://www.google.com/maps/d/embed?mid=1C3qhd2oAywnnzi6N7fsQPNyc70La1cY&ehbc=2E312F
  • MLS Number SK908951
  • Listing Agent Qing Zhang 306-684-0136
  • Listing Broker Royal LePage Regina Realty
  • Tags Farm Land For Sale, Farmland For Sale, RM Of Hazelwood No. 94

  • Item # 302349
Description

SOLD

Rare Investment Opportunity. 7 quarters of mixed use farmland in one block, located close to Kipling and Moose Mountain Provincial park.

Land all seeded to tame hay with perimeter fences and some cross fences, land could be cultivated and turned into grain production.

There are 6 Oil surface leases that are included with the land. Seller has been paid for Surface Leases for 2022. Buyer to benefit from the surface leases for 2023 and beyond. Current lease will expire in this year, open for rancher use to use it for 2023 year. Current yearly revenue from oil leases is approximately 17,000/year. A couple of potential tenants for the farmland are available, potential rent for farmland is around $37,000 per year.  Also Potential income from 2 wind turbines. (contract has been signed, no turbines have been installed yet, seller is currently getting $500 per year from wind power company). Projected income from wind turbines is $33,000 per turbines (maximum 3 turbines could be installed, $11,000/turbine per year). Listing price of $999,000 is for farmland only. Asking price for the value on the oil leases is 7 times yearly revenue. Yard site with house, Sask Power and dugout. House has not been lived in for many years. House, yard and all buildings are included as is it is . Tax year on listing is 2021.

RM Legal Desc Soil
Class
Assessment Property
Tax
Culti
acres
Waste
Acres
Native
Pasture
Total
Acres
94 NW 20-10-5 W2 F 83,300 195 45 19 92 158.72
94 NE 20-10-5 W2 F 48,000 112 0 80 80 160.17
94 SE 31-10-5 W2 K 93,500 218 0 18 136 153.97
94 NE 30-10-5 W2 J 101,500 290 80 27 50 157.88
94 SE 30-10-5 W2 G 163,700 467 108 19 30 157.2
94 NW 30-10-5 W2 H 147,000 420 125 34 0 158.64
94 SW 30-10-5 W2   G 175,400 501 140 18 0 158.07
Total     812,400 2203 498 215 433 1104.65

 

Listing agent: Qing zhang
Top 2 of Royal Lepage Agents Sask 2021
Royal Lepage Regina Realty
Moose Jaw, Saskatchewan
Cell: (306)  684--0136

 

Questions & Answers Post a question

There are no questions for this listing.