Morwenna Sutter - Farmland Real Estate

RM of STORTHOAKS No. 31

RM of STORTHOAKS No. 31

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  • 11 Quarters with Oil Revenue in Storthoaks Rm No. 31: Farm for sale : MLS®# SK982540

    11 Quarters with Oil Revenue Storthoaks Rm No. 31 S0C 0P0
    Main Photo: 11 Quarters with Oil Revenue in Storthoaks Rm No. 31: Farm for sale : MLS®# SK982540

    11 Quarters with Oil Revenue Storthoaks Rm No. 31 S0C 0P0

    $5,500,000
    Farm
    Status:
    Active
    MLS® Num:
    SK982540
    Here is a rare opportunity to purchase 11 quarters with a significant income of $161,650 from 51 surface leases. The land is located 7 miles North of Carievale in the Rm of Storthoaks. There is a total of 1745.21 acres currently in alfalfa. The soil classes are 9 (H), 1 (J) and 1(K). The total assessment is $1,911,500. The income from the alfalfa ranges year to year from $70,000 - $80,000. The land was in cultivation and could be put back into production. According to SAMA there are 1245 cultivated acres and more acres could certainly be broken. There is one fenced quarter that is used for pasture with an older yard site with power, no value was given to the yard site. For an investment there is lots of value with passive income of approximately $240,000 per year which equates to over a 4.3% return on investment. More details
    Listed by Sutton Group - Results Realty
    LISTING DETAILS
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Data was last updated April 1, 2025 at 07:35 AM (UTC)
The Saskatchewan REALTORS® Association IDX Reciprocity listings are displayed in accordance with SRA's MLS® Data Access Agreement and are copyright of the Saskatchewan REALTORS® Association.
The above information is from sources deemed reliable but should not be relied upon without independent verification. The information presented here is for general interest only, no guarantees apply.
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The Saskatchewan REALTORS® Association (SRA) IDX Reciprocity listings are displayed in accordance with SRA's MLS® Data Access Agreement and are copyright of the Saskatchewan REALTORS® Association (SRA).
The above information is from sources deemed reliable but should not be relied upon without independent verification. The information presented here is for general interest only, no guarantees apply.
Trademarks are owned and controlled by the Canadian Real Estate Association (CREA). Used under license.
MLS® System data of the Saskatchewan REALTORS® Association (SRA) displayed on this site is refreshed every 2 hours.