52.231395,-106.503980
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Saskatoon 361 ac Riverfront Farmland (Anderson Ventures Inc)

Saskatoon 361 ac Riverfront Farmland (Anderson Ventures Inc)
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9000000.00

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Enterprise: 
Grain
Development Potential
Rural Municipality:
RM 344 Corman Park
Price (P):
9000000.00
Farmland:
9000000
Improvements:
0
Title Acres: (ISC)
361.2
Cultivated Acres:
295
Soil Final Rating:
56.8
$/Titled Acre:
24916.94
P/AV Multiple:
18.79
Closest Town:
Saskatoon
Listing Brokerage:
Hammond Realty
AG Listing ID:
MLS #:
SK977495
Avg. AV/Qtr:
210593

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DESCRIPTION

361 acres of Riverfront Farmland
This amazing property is located within the Partners for Growth (P4G) area on the eastern banks of the South Saskatchewan River. Located only 13.2 km north of Highway 5, it presents a tremendous opportunity for agricultural companies and their research divisions, educational institutions, agricultural producers, and developers.
 
Location: RM 344 Corman Park
Legal Land Descriptions: SE/SW-04-38-4-W3, NE-04-38-4-W3, and NW-04-38-4-W3
Driving directions from the junction of Highway #5 and #41: travel 2.8 km north on Highway 41, turn left on Llewellyn Road/Range Rd 3043 (gravel road), and travel 10.4 km north. Located on the left-hand side of the road.
NW intersection of Rge. Rd. 3043 and Twp. Rd. 380. (Sign 304303 TWP RD 380)
 
The property is located directly across the river from Cathedral Bluffs. The elevated bench topography provides incredible scenic views of the acreage development, river, and Saskatoon that are second to none. There are approximately 2600 feet of frontage and 20 acres of native pasture along the river.
 
Current Zoning in P4G: Agricultural District 1 (DAG1)
6.3.1 Purpose: The purpose of the DAG1 District is to accommodate extensive and intensive agricultural activities while providing for complementary, non-agricultural development.
 
Agricultural Capabilities
This property offers a tremendous opportunity for any company wanting to complete agricultural research close to Saskatoon. Irrigable farmland of this quality can rarely be found so close to Saskatoon.
 
Irrigation
The cultivated acres are deemed irrigable and approximately 220 acres were irrigated by the owner in the past. Water was pumped directly out of the South Saskatchewan River. Other landowners in the area currently use an electrical service on the property to power their irrigation pumps near the river (see power site pictures).
 
The property’s soil is comprised of a medium quality to productive class 3, dark brown soil. It predominately possesses a Weyburn clay loam to loam soil profile with a secondary profile of Bradwell to Asquith light loam. The topography is rated as level to nearly level every so gently sloping eastward away from the river. The stone rating is mostly slight (S2), however, stoniness does increase as you transition closer to the native pasture acres. The few stones on the property are well-picked and are not an issue from a soil productivity perspective.
There are approximately 30 acres of low-lying native pasture located in the SE corner of the SE-04.
 
Farmland Summary
3 Titled Parcels
361 Title Acres (ISC)
              
SAMA Information
364 Total Acres
295 cultivated/cropped acres
220 irrigatable acres (approximately)
48 native pasture acres
21 wetland/bush acres
$479,100 Total Assessed Value
$210,593 Average Assessment per 160 Acres
56.8 Soil Final Rating (Weighted Average)


Infrastructure
A three-phase power line runs north-south along the easter edge of the property. A single-phase power line runs east-west along the southern edge of the property. A yard site is located in the very SE corner of the parcel including a 50’ x 120’ steel Quonset with sliding doors at both ends. It is currently leased to a neighbor and used for agricultural equipment cold storage.
 
Share Sale
The Seller wants to complete the sale of the property via a share purchase agreement. As such, it is an “all-or-none” situation where all three parcels must be included and sold together. The three farmland parcels will be included as the company's only assets (Anderson Ventures Inc.). Mineral titles are excluded and will be removed from the corporation before a sale is completed.
 
Possession
The farmland is currently rented to a local agricultural producer. They have farmed it for numerous years and have the soil in stellar condition. It is a year-to-year lease and is automatically renewed for the following year unless it is canceled by either party before July 31st. Call the listing agent for details on the rental rate.
The Quonset is leased to a neighbor for storage in exchange for yard and family grave maintenance. It is also a year-to-year lease and is automatically renewed for the following year unless canceled by either party before July 31st.
 
Family Cemetery
The Llewlleyn - Hunter Family Cemetery is a registered family cemetery. It is located on the NE-04-38-4-W3 overlooking the river. There is no public access to the cemetery.
 
Easements Registered on Title(s)
1971 SaskPower
 
Underground irrigation pipe crossing subject property to other property
1999 Plant Genetic Systems Inc (Agrevo Canada)
2001 Saskatchewan Water Corporation Approval to Operate Water Works (build pipeline)
 
Underground irrigation pipe crossing the subject property to other property
2013 Pioneer Hi-Bred Production Ltd.
2013 Water Security Agency Approval of Works (build pipeline)
 
Both landowners have access easements to the property for irrigation pipeline maintenance and for access to the electric power source for their pumps (located at the upper edge of the riverbank – see map).

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