Real Estate Auction - Various Consignors 23JD
Parcel 1: SW-3-50-7-W5
7222 TWP Rd 500, SW-3-50-7-W5, 149.83± Acres, Winding Creek, 2 Bedroom Cabin, Farmland, Bordering Hamlet of Rocky Rapids
Only minutes to Drayton Valley!
Auction begins in :
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Property Summary:
- Legal Description
- SW-3-50-7-W5
- Size
- 149.83± acres
- Property Taxes
- $667.77 (2023)
- Property ID
- 23JD25003-001
- Municipal Address
- 7222 TWP Rd 500
- Municipality
- Brazeau County, AB
- Postal Code
- T0E 1Z0
- Neighbourhood
- Rocky Rapids
- Title
- Fee Simple
- Land Use Zoning
- Urban Reserve
- Deposit
- $20,000
Supporting Documents:
Urban Reserve Bylaw (PDF)Property Information Package (PDF)Property Information Package (PDF)
Property Detail:
Property Type
Agricultural
Building Type
Detached Single Family
Restrictions
Third Party Right of Way, Utility Right Of Way
Property Notes
149.83± acres, 2 bedroom cabin, winding creek, surface lease revenue, bordering hamlet of Rocky Rapids.
Located just minutes north of Drayton Valley, bordering the hamlet of Rocky Rapids, the property enjoys the benefits of both rural and urban living. The property's 149.83± acres offers ample space for various activities, including farming, ranching, or simply enjoying the tranquility of nature, a unique opportunity for individuals seeking a peaceful and picturesque retreat. Its natural beauty, convenient location, and potential for recreational activities make it an attractive investment. The fertile soil and abundant water supply from the winding creek create favorable conditions for agricultural endeavors.
The 2-bedroom cabin provides a cozy retreat, while the winding creek adds to the picturesque charm. Additionally, the property's proximity to the hamlet of Rocky Rapids and Drayton Valley ensures easy access to essential amenities and services, ensuring that residents can enjoy the tranquility of rural living without sacrificing the convenience of urban facilities.
Cabin is currently rented on monthly lease. Buyer can take possession Dec 1, 2023 if buyer wants to assume the rental agreement. If Buyer is unable or is unwilling to assume the rental agreement, possession will be Jan 26 , 2024.
Tenancy Agreement: Month to Month lease; $1100 monthly rent payable on 1st day of month; If buyer does not want renter in place, then 90 days notice will be given to renter on Oct 19, 2023. Possession will then be Jan 26, 2023.
Cabin was built in 1960s but underwent major renovations last year including electrical and plumbing. Propane stove, fridge, washer & dryer, propane tank included. Laminate flooring through most of the home. Propane furnace new in Feb 2023. On crawlspace.
Services: Sewer - open discharge, propane (tank is included), power, well. Water well report is unavailable.
Surface lease revenue amounts are being verified and will be assigned to the buyer and adjusted as of completion day for any rents paid in advance.
Current (land) renter willing to continue if buyer agrees.
Home Detail:
Interior Notes
Deck, Laminate Flooring
Upgrades
- major renovations last year including electrical and plumbing.
Goods Included
Dryer, Refrigerator, Stove-Gas, Washer
Services
Location
Directions:
From Drayton Valley - 50 Ave & Hwy 22 (McDonalds Restaurant corner) go north 6.9 km on Hwy 22 to Twp Rd 500. Turn right and continue east 2.1 km - just a short distance east of the Rocky Rapids Store.
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
Deposit
$20,000 bank draft or approved payment payable to Moores Realty Ltd. due from successful bidder upon close of bidding / signing of purchase contract. Cash and virtual currency will not be accepted.
Conditions
There are no Conditions. Buyers must have their financing arranged and know that they are satisfied with the property prior to bidding.
Additional Terms
- The property sells as is with no warranties of any kind whatsoever as to the conditions or fitness of the Property, environmental or otherwise.
- No Real Property Report will be provided.
- Fences may or may not be on property lines
- The seller will contribute up to $500 towards the cost of a Title Insurance Policy for the benefit of the buyer and the buyer's lender (if financing is obtained). The policy is to be secured by the buyer. A Real Property Report will not be provided. This title insurance policy to also be used to ensure that this transaction closes on completion date.
- Surface lease revenue will be assigned to the buyer and adjusted as of completion day for any rents paid in advance.
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:
- 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.
- 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.
- 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.
- 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.
- 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.
- GST: Bid price does not include any applicable GST unless announced otherwise by auctioneer.
- 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.
- 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.