Investment Opportunity: 310 Acres of Prime Farmland and Oil Leases
Location: NE 17-77-21-W5 & NW20-77-21-W5, South of Falher, Alberta
Overview: Discover the perfect opportunity to invest in Alberta's thriving real estate market. We are offering two exceptional 1/4 sections of land, totaling approximately 310 acres, located just south of the charming town of Falher. This property boasts fertile farmland and valuable oil leases, making it an ideal investment for local farmers and savvy investors.
NW Quarter (Parcel A):
• Location: West of RR213, off TWSP road 774, approximately ½ mile.
• Size: Approx. 160 acres (less 10 acres)
• Additional Info: The seller will retain 10 acres from this parcel for future development, specifically the NE corner. Until development, this portion is available for farming by the new owner. This land is leased and generating income, with the tenant willing to continue until at least the fall of 2025.
NE Quarter (Parcel B):
• Location: Situated 3 miles off the highway on the west side of the road.
• Size: Approx. 160 acres
• Additional Info: This parcel offers an excellent investment opportunity, with a tenant already in place, guaranteeing rental income until fall 2025. The oil leases on the Land provide an additional stream of income.
Income Potential: Both parcels come with lucrative oil leases that pay very well.
Don't miss this chance to invest in the future while enjoying immediate returns from rental income and oil leases.
Data was last updated December 3, 2023 at 08:05 AM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$30,000
Min list price:
$10,000
Max list price:
$1,180,000
Avg days on market:
940
Min days on market:
57
Max days on market:
1,285
These statistics are generated based on the current listing's property type
and located in
Falher. Average values are
derived using median calculations.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.