RE/MAX Lloydminster

We are pleased to present for sale the following land located within the Lashburn School attendance area approximately ten miles due south of the Town of Lashburn in the RM of Manitou Lake. Access to both properties is west on Township Road 471 from paved Secondary Highway #675.

Parcel #1: NW 07-47-25-W3 Extension 27, NE 07-47-25-W3 Extension 26, SW 12-47-26-W3 Extension 41, SE 12-47-26-W3 Extension 39 & 40   ISC 463.31 titled acres. Soil Final Rating ranges from 47 to 68, primarily Waseca or Black Alluvium loam. SAMA profile designates 146 cultivated acres, with the balance pasture or bush.  Currently seeded to tame forage. 2021 SAMA agricultural assessment totals $287,800. 2023 property taxes were $1,518.37 Loadout corrals remain with the property. Should the parcels sell separately, the incoming owners will be responsible for any perimeter fencing that may be required. 

Parcel #2: SW 07-47-25-W3 (Home Quarter) ISC 158.11 titled acres. Soil Final Rating 69, primarily Waseca loam. SAMA profile indicates 85 cultivated acres, with balance yardsite and pasture. 2021 SAMA assessment is $841,900 of which $188,000 is designated for agriculture. Includes a 2006 fully finished 2,596 sq ft bungalow with walkout basement and 1,680 sq ft attached garage. Beautiful home with three bedrooms and three bathrooms up, main floor laundry, island kitchen, vaulted ceiling, plus two bedrooms, two bathrooms, family room, and flexible use space down. Barn, corral, and waterers. Well and dugout water supply with full treatment system. 2023 property taxes were $5,524.74. Viewing of home by appointment - please contact Grant McClelland 780.808.2700. Diligence conditions will be considered, but bidders should be financially pre-approved and have any appraisal for value completed before submitting their initial offer. 

https://www.google.com/maps/place/53%C2%B002'03.8%22N+109%C2%B039'21.2%22W/@53.034398,-109.655879,10z/data=!4m4!3m3!8m2!3d53.034398!4d-109.655879?entry=ttu

Offers will be entertained on each parcel individually and when finalized, a third bidding process will be conducted with those bidders indicating they wish to purchase both together. However, to qualify to bid on the combined property, bidders must be the highest bid on one or the other parcel. Initial offers must be submitted by Noon MST, Tuesday September 3, 2024.  For additional details or inquiries, contact Grant or Vern with The McClelland Group, RE/MAX of Lloydminster, (780) 808-2700 or email grant.m@progressivetender.com

Progressive Tender Steps:

Step 1: Submit Bid Document

· Download the Bid Document from the www.jrktender.ca website, pick up a copy at the RE/MAX office, or ask for one to be emailed to you.

· Fill out the required details. Buyers must be GST registrants and provide a GST number at completion.

· Obtain a bank draft for $25,000.00 made payable to "RE/MAX of Lloydminster in Trust."

· Place both items in a sealed envelope and label it "Klinger Tender."

· Deliver the envelope to RE/MAX of Lloydminster at 5726 – 44th Street, Lloydminster, AB T9V 0B6 by Noon MST, Tuesday September 3, 2024.  Attention: McClelland Group.

Step 2: Round Table Activity

· After the initial offers for each parcel are opened, the Broker will contact each Bidder and inform them of the amount of the highest bid. Bidders will have until noon the following business day to submit a revised offer by phone, email, or text if they wish.

Step 3: Final Offer

· This "round table" process continues for each parcel daily until every Bidder declares their Final Offer.

· If a Bidder doesn’t respond within the time limit or increase their bid by a minimum amount of 2% over the previous round’s highest offer, their last bid will automatically be declared as their Final Offer.

· Matching bids during progression rounds are discouraged.

· Once the bidding process is completed on the individual parcels, those bidders who have indicated they wish to purchase both will entered into a separate progression round with initial bid established at 2% above the combined highest offers or minimum bid (home quarter), whichever is greater.

Step 4: Confidentiality 

· All Bidder names are kept confidential and only revealed to the Seller with the bid history when the progression rounds conclude. Bid history is the sole possession of the Seller.

Step 5: Finalizing Purchase 

· The Seller reserves the right to reject any or all offers, engage in further negotiations on price or terms, and may award the sale of the subject property to the buyer of their choice.

· The successful Bidder must complete a Purchase Contract with the Broker within two business days of acceptance; a draft of which is available on the website.  

· Deposit is to be increased to 5% of sale price upon removal of conditions.

· Bidder’s proposed completion date for possession will be negotiable between the parties, allowing sufficient time for the Seller to vacate the property.

Step 6: Diligence Activity, Legal and Accounting Costs

· Property is sold “as is”. Bidders are encouraged to conduct their own diligence including appraisal for value, home inspection, water quality and quantity, or survey / real property reports.

· Each party is responsible for their own legal and accounting costs. There is no buyer transaction fee.

Step 7: Notification

· All Bidders will be notified about the outcome once a Purchase Contract is completed between the successful Buyer and Seller. Deposits from unsuccessful Bidders will be released in a timely manner by the Broker once the Purchase Contract is in place. 

The McClelland Group, Agricultural and Commercial Specialists with RE/MAX of Lloydminster, offers a full range of consulting services, land valuation, leasing, and real estate marketing to clients across Alberta and Saskatchewan. Call us today and start the conversation!

Grant McClelland – Direct (780) 871-4221 Email: grant.m@progressivetender.com

Vern McClelland - Direct (306) 821-0611 Email: vernmcclelland@remax.net