Unreserved Online Timed Real Estate Auction for the Estate of Gerald McGinnis    23EG

Parcel 1: 68.23± Acres Farm Land w/House & Outbuildings

Selling Unreserved by Online Public Auction for the Estate of Gerald McGinnis 68.23± Acres

Auction begins in :

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Fantastic hobby farm property comprised of 68.23± acres with fenced pasture, small dugout & animal shelter, approx. 14 acres of hay, 3 acres of U-Pick raspberries & saskatoons, remainder bush & yard site. Rustic 1750 sq ft home with 4 bedrooms & 3 baths. Enter the home through side entrance & covered deck. 3 piece bath with main floor laundry. Open concept kitchen/dining/ & living room area with impressive vaulted ceilings. Living room has stone faced wood fireplace with Kingsman insert & patio doors to side deck. L shaped kitchen with white appliances & ample amount of cabinets, large walk in pantry. Off the kitchen are two bedrooms. Down the hall you will find a room to house deep freeze & larger kitchen appliances, 2 piece bath, bedroom w/walk in closet & master. The master having a large walk-in closet & 4 piece ensuite with stand up shower & air tub. Downstairs you will find partially finished family room, storage room, cold room & mechanical room which houses furnaces, hot water on demand, & water well pressure system. Home has 22x24 attached garage insulated and finished inside. The original portion of the home is a 1970’s model which was moved to this property in 2004 and placed on screw pilings (crawlspace access) and there was a 1300 sq ft + addition built and put on the pressure treated wood basement in 2011. Home has mostly vinyl windows, a good metal roof, & split log siding. Plenty of sheds for storage, large vegetable garden, etc. All of this nestled along side paved Hwy 813 just north of Athabasca.

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Property Summary:

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Supporting Documents:

Supporting Documents (PDF)Property Information Package (PDF)

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Property Detail:

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Home Detail:

Services

Location

Directions:

Travel north of Athabasca on Secondary Highway 813 24.54 km (15.25 miles) Property located on east side of road.

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.
• Bidders must satisfy themselves as to the exact current acres, property lines and fence locations, building sizes, taxes and assessments, zoning and permitted uses & surface lease revenue details. Property titles are available upon request. The information provided is a guide only.

Highlights of Purchase Contract

Completion Day

Jun 23, 2023 Listing agent (Brandi Wolff) will provide a credit for title insurance to assist in closing by June 23, 2023

Deposit

$20,000 bank draft or approved payment payable to Royal LePage Town and Country Realty due from successful bidder upon close of bidding / signing of purchase contract. Cash and virtual currency will not be accepted.

Partial Terms and Conditions

Unreserved and Reserved:

Some Real Estate may have reserved minimum bids. The Auctioneer, at its sole discretion has the right to or/not to advertise and/or notify the buyer as to whether the goods/and or Real Estate being offered in this auction are:

1. UNRESERVED: Meaning the seller has agreed to accept the highest bid regardless of price. In this case any items and/or livestock and/or Real Estate offered will sell to the highest bidder regardless of price.
2. RESERVED: Meaning the seller has set a minimum price that must be met in order for the Real Estate to be deemed "sold" to the buyer. This minimum "Reserved" price may be indicated to the buyer as a "Reserve Price", "Starting Bid" or as "Subject to Owners Approval" or "not indicated or advertised in any way".

   The seller and/or the auctioneer acting as the sellers agent may at any time:

   • remove the "Reserve Price" or “Starting Bid” at any time and deem this auction " Unreserved"
   • accept any bid, within 2 business days of the auction closing, that is lower than the "Reserve Bid"
   • counter offer; any buyer within 2 (two) business days of the closing of the auction.

   Your bid as a buyer will be recorded and will remain binding and in affect 2 (two) business days after such time the auction is closed.

   You the buyer acknowledges and agree that bidding at this auction is the legal equivalent of a firm commitment and irrevocable offer to purchase, unless otherwise prohibited by law or otherwise noted in these buyer terms. Once you have placed a bid and the bid is accepted by the auctioneer you are obligated to complete the transaction.

3. 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.
4. 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.
5. 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.
6. GST: Bid price does not include any applicable GST unless announced otherwise by auctioneer.
7. 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.
8. 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.