RE/MAX Lloydminster

We are pleased to present the following lands located approximately sixteen miles south of Vermilion in the County of Vermilion River for sale as one block:

SW 12-48-7-W4:  ALT 158 titled acres.  Soil Final Rating ranges from 14 to 62. CVR profile designates 75 cultivated acres, with the balance pasture. 2023 CVR FAV is $148,300.  

https://www.google.com/maps/place/53%C2%B007'16.6%22N+110%C2%B054'02.8%22W/@53.121278,-110.90079,10z/data=!4m4!3m3!8m2!3d53.121278!4d-110.90079?entry=ttu

Land is currently seeded to tame forage. There appears to be an opportunity for the incoming owner to clear additional acres for cropping.

2024 property taxes were $1202.27. Access is from Range Road 71 along the west boundary and Township Road 481 along the south boundary west of Highway 41.

Improvements include 1940 one and a half storey farmhouse, approximately 1600 sq ft with three bedrooms, two bathrooms. Some updates and a unique layout. Mature yardsite. Some outbuildings. Propane heat. Exclude sea container and culvert / storage area. 

Viewing of home will be available from 4 to 6 PM on September 11, 2024 by contacting the listing agent for an appointment. Must pre-register by September 9.

Tender Participation Details:

Initial bids must be submitted by Noon MST, Tuesday October 8, 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.munrotender.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 $10,000 made payable to "RE/MAX of Lloydminster in Trust."
• Place both items in a sealed envelope and label it “Munro Tender”.
• Deliver the envelope to RE/MAX of Lloydminster at 5726 –44th Street, Lloydminster, AB T9V 0B6 by Noon MST, Tuesday October 8, 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.

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