SK > Storthoaks Rm No. 31
Storthoaks Rm No. 31, SK S0C0P0,11 Quarters with Oil Revenue
Storthoaks Rm No. 31, SK S0C0P0,11 Quarters with Oil Revenue
Storthoaks Rm No. 31, SK S0C0P0,11 Quarters with Oil Revenue
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Aaron MacRae

Aaron MacRae

+1(403) 852-2260
$5,500,000
Est. payment /mo
1,745.21 Acres Lot
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Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS® Listing ID SK982540

Originating Board Saskatchewan REALTORS® Association

Lot Size 1745.210 Acres

Acres 7.6021344E7

Property Description

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. (id:24570)

Location

State SK

Exterior

Parking Features No

Community Features School Bus

View Y/N No

Private Pool No

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Listed by Sutton Group - Results Realty

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Aaron MacRae

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+1(403) 852-2260

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