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158.98 Acres

Bare land
Pine Lake, Alberta

Listing Details
Property Id #: 10874
Price: $559,000
Farm Type: Bare land
Acreage (Total): 158.98
Municipality / County: Red Deer County
Province: Alberta
Postal Code: T0M 1S0
Listing Remarks

Full quarter section located approx. 25 +/- minutes east and south of Red Deer and a very short distance from the west side of Pine Lake. This parcel of bare farmland is currently used for summer grazing but has some attractive recreational characteristics given the close proximity to Pine Lake. There is a 26 +/- Ac portion of the parcel that has been broke and productive in years past; it is now concerned seeded pasture. There are 128 +/- Ac of dryland pasture; 59 +/- of these acres are at the higher pasture rating and 69 +/- Ac are at the lower rating (details taken from farmland calculation report – Red Deer County assessment). There is perimeter fencing as well as some cross-fencing (all the electric wire improvements belong to the pasture tenant). There is a long-term pasture tenant that would be interested in continuing with the summer grazing use of the property for a buyer not requiring the grass for grazing – terms and conditions would need to be established between the new owner and the tenant. Livestock water is provided by natural water bodies and there is a water license for consumption use of 1.0 ac foot (43,560 cubic meters or 325,800 +/- gallons) associated with a water diversion dam that is registered with Alberta Environment – documents on file. There is a surface lease(s) that reports an annual income of $ 3,568 +/- (the rental payment will remain constant for the next 5-year period). GST is payable. Possession may be subject to tenant’s rights, if any. More details available on Realtor’s ® website.

Residence Remarks
Property & Land Remarks
Directions: Directions from Penhold overpass on QE 2: 25 +/- kms east on Highway # 42 to Highway # 816 (Range Road 252); approx. 7 kms south to Twp Rd 36-0; 800 meters east and the property begins on the north side of the Twp Rd and runs for a mile. There is also mile access along the east side of Range Rd 25-1.
Property Legal Description: se-02-36-25-w4m
Acreage (Total): 158.98
Workable Acres: 26
Fenced Acres: 159
Surface Lease Income (Annual): $3,568
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Additional Listing Remarks
Property Taxes: (Taxes for 2019 are $ 177.09 +/- payable to Red Deer County before June 30th of each year).
How to View
How to View: This is bare farmland and as such, no appointments are required. Do not access the property without permission text or call requests to 403-350-0971 Ken!

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