RE/MAX Lloydminster

We are pleased to present the following lands three miles east of Secondary Road #684 on Township Road #522, then south one mile on Range Road #3251 in the RM of Britannia for sale as one block:

NE 01-52-25-W3 Extension 17: ISC 72.98 titled acres. Soil Final Rating ranges from 50 to 58, primarily Meota sandy loam. SAMA profile designates 57 cultivated acres, with the balance waste or wetland. 2021 SAMA assessment is $78,300. 2023 property taxes $270.96. Half mile of frontage on the North Saskatchewan River. Access is through NW 01.

NW 01-52-25-W3: ISC 160.45 titled acres. Soil Final Rating ranges from 49 to 57, primarily Meota sandy Loam. SAMA profile designates 120 cultivated acres, with balance yard site and pasture. 2021 SAMA assessment is $222,300 of which $199,200 is designated for agriculture.

https://www.google.com/maps/place/53%C2%B027'52.5%22N+109%C2%B033'25.2%22W/@53.464575,-109.556994,10z/data=!4m4!3m3!8m2!3d53.464575!4d-109.556994?entry=ttu

Property includes a well maintained 1990 bungalow, approximately 1,420 sq. ft. with a 20’ x 24’ heated attached garage. Mature landscaped yard. Immaculately kept home with two bedrooms and two bathrooms up, main floor laundry, lovely oak kitchen, wood fireplace in the living room, plus one-bedroom, large family room, storage, cold room and flexible use space downstairs. 48’ x 60’ shop with 14’ walls. 24’ x 30’ heated workshop with 10’ walls. 

Vendor reports annual surface lease revenue of $4,700 from one Cenovus site. 2023 property taxes were $1,244.22. Viewing of home will be available from 4 to 6 PM, September 5, 2024. Please contact the listing agent for an appointment. 

Tender Participation Details:

Initial bids must be submitted by Noon MST, Tuesday October 1, 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.passmoretender.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 $20,000 made payable to "RE/MAX of Lloydminster in Trust."
• Place both items in a sealed envelope and label it “Passmore (Britannia) Tender."
• Deliver the envelope to RE/MAX of Lloydminster at 5726 – 44th Street, Lloydminster, AB T9V 0B6 by Noon MST, Tuesday October 1, 2024. Attention: McClelland Group.

Step 2: Round Table Activity

• After the initial offers 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 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.
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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