Unreserved Online Timed Real Estate Auction - Various Consignors    23DI

Residential Lot - Innisfree, AB

Large 50Ft X125Ft Residential Lot with Vacant Dwelling

Auction begins in :

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Large residential lot in Innisfree, Alberta. The lot is 6250 (50Ft W x 125 Ft L) sq.ft and has a small house on there. The house is not livable at this point. Lot is rectangular and has nice trees along the property line. Gas, power and sewer from town. This might be an opportunity to acquire an affordable lot to build your new house in a great community! Easy to commute. It is only 30 minutes east of the town of Vegreville and 30 minutes west of Vermilion. Innisfree is a small town which has a grade 12 high school and is a great community to live in. It is a community full of recreational variety and opportunity. The community houses a natural ice arena, a curling rink and several different baseball fields. This quiet village is also close to Wapasu and Birch lake, which allows residents as well as visitors access to water recreation. Innisfree is the perfect place to enjoy the lifestyle of a quiet, friendly country village, interesting local history, and nature's beauty.

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Property Summary:

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Supporting Documents:

Property Information Package (PDF)

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Property Detail:

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Services

Location

Directions:

From highway 16 turn North into the town of Innisfree and follow the road.
Sign at property.

Legal

Note to Bidders

• When registering to bid you will be required to have a Letter of Confirmation of Funds from your bank. Letter of Confirmation must be on Bank Letterhead with your name & or company name & amount of funds you have access to that you wish to spend up to. This letter of confirmation will have to be emailed to TEAM Auctions.
• Internet Bidding Fees: 10% up to a max of $5,000 per item.
• If you are the successful bidder, to meet the obligations set by the federal government, you will be asked to verify your identification. You will also need to provide us with your lawyer info to complete the real estate transaction.

Highlights of Purchase Contract

Completion Day

May 31, 2023 Buyer is responsible for title insurance if required.

Deposit

20% of the total purchase price bank draft or approved payment payable to Real Estate Centre due from successful bidder upon close of bidding / signing of purchase contract. Cash and virtual currency will not be accepted.

Partial Terms and Conditions

1. UNRESERVED: The seller has agreed to accept the highest bid regardless of price. Property will sell to the highest bidder without minimum or reserve.
2. AGENT OF THE SELLER: Real Estate Brokerage acts only as agent of the seller and not as agent of the Buyer. They will provide prospective buyers with all facts known to the agent that will or may affect the marketability or value of the property.
3. NO WARRANTY: The Buyer shall accept the Property as-is where-is and specifically agrees that neither the Seller, Auctioneer or Realtor makes any representations or warranties of any kind as to the condition or fitness of the Property, environmental or otherwise, or any improvements thereon.
4. It is the RESPONSIBILITY OF ALL BIDDERS to review all information provided, including “Property Information Package” from the Real Estate Brokerage and the terms of this auction. All information provided is meant as a guide only. Bidders shall have satisfied themselves as to the descriptions, location and condition of the property prior to bidding. If clarification is required, it is the bidder’s responsibility to obtain clarification from Real Estate Brokerage prior to bidding.
5. GST: Bid price does not include any applicable GST unless announced otherwise by auctioneer.
6. DEPOSIT: Immediately at the close of bidding the successful bidder will make a NON REFUNDABLE deposit payable to the real estate brokerage (as listed in the Property Information Package) in the form of a bank draft or other approved payment. Amount is listed in Property Info Package/or as announced by auctioneer.
7. PURCHASE CONTRACT: The Real Estate Purchase Contract that applies to each property will be available for inspection prior to the auction. Title(s) will be clear of encumbrances except those which are to remain on the title. All bidders agree that, should their bid be accepted, they will complete and be bound by the terms of the purchase contract. Buyer will pay the balance of the purchase price to their lawyer on or before Completion Day. Possession will be in accordance with the terms of the Purchase Contracts. Note: These contracts will not be subject to any buyer’s conditions.

**TEAM SEKURA AUCTION MAIN SALE TERMS ALSO APPLY.