A rare opportunity to purchase 3 quarters of prime cultivated farmland in south Saskatchewan block soil zone. Total 473 acres (title). Base on SAMA, 334 cultivated acres, 70 native grass, 70 waste land. Among 140 acres native grass and waste land, some or most of them can be cleaned to convert into cultivated acres. $536000 total assessed value, $181311 average assessment per 160 acres. 53.2 soil final rating (weighted average). SCIC soil classes are G, H, H.
Based on the information from the owner, the surface leases from the oil company are approximately $22025 for the year of 2024. The crop rental income is $20100 of 2024. The total income of approximately $42125 which equates to 2.8% return on investment. The buyers to do their own due diligence for the oil surface lease.
Located in RM of Wawken No. 93 and 6 miles south of town Wawota. 2 quarters are connected and 1 quarter just half mile away. All of the 3 quarters are along good gravel road.
A local farmer would like to rent these lands for long term.