RE/MAX of Lloydminster

We are pleased to present for sale the following land located adjacent to the south boundary of the Village of Paradise Hill in the RM of Frenchman Butte:

SW 34-52-24-W3 Extension 1:ISC 124.54 titled acres. Soil Final Rating ranges from 62 to 69, primarily Whitewood clay loam. The subject parcel is being “untied” from Extension 2 on the east side of the road, which will remain with the current owner. The cultivated portion, approximately 50 acres, is currently seeded to tame forage with the balance yardsite and bush. 2023 property taxes attributable to this property is estimated at $1,150. Access is from an improved road on the east boundary just a short distance from the townsite. 

https://www.google.com/maps/place/53%C2%B031'47.9%22N+109%C2%B027'52.7%22W/@53.529977,-109.464628,10z/data=!4m4!3m3!8m2!3d53.529977!4d-109.464628?entry=ttu

The residence of approximately 1,028 sq ft was constructed in 1982 with double framing of the exterior walls with a total of R36 insulation for energy conservation. Electric heat. Metal roof.  Water supply is a government approved domestic dam. Complete water treatment system. vanEE air exchanger.  Attached garage. Tenant occupied under a month-by-month rental agreement.

An open house will be held in early September. Please contact us to pre-register or check website for date and time. Offers may contain diligence conditions, but bidders should be financially pre-approved and have any appraisal for value completed before submitting their initial offer. 

Initial offers must be submitted by Noon MST, Tuesday September 24, 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.simpsontender.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 $10,000.00 made payable to "RE/MAX of Lloydminster in Trust."

· Place both items in a sealed envelope and label it "Simpson Tender."

· Deliver the envelope to RE/MAX of Lloydminster at 5726 – 44th Street, Lloydminster, AB T9V 0B6 by Noon MST, Tuesday September 24, 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 at least one calendar month notice to the residential tenant if they are being asked 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