River & Main

Sold on August 10, 2021
from 3:00 PM to 3:00 PM UTC

Location

Alberta

Sale Size

9 Parcels

Final

$140K - $360K

Over 1,000 acres of land being sold in 9 parcels on the doorstep of Spirit River, Alberta. Whether searching for farmland, an investment opportunity, or the perfect place to build your dream home or cabin, this land has something for everyone.

View Results • Completed

Available Parcels

Parcel Name Parcel 1	Parcel Size 157 ± Acres	Final $360,000	View Details & Offer
Parcel Name Parcel 2	Parcel Size 157 ± Acres	Final $310,000	View Details & Offer
Parcel Name Parcel 3	Parcel Size 157 ± Acres	Final $315,000	View Details & Offer
Parcel Name Parcel 4	Parcel Size 102 ± Acres	Final $190,000	View Details & Offer
Parcel Name Parcel 5	Parcel Size 109 ± Acres	Final $360,000	View Details & Offer
Parcel Name Parcel 6	Parcel Size 140 ± Acres	Final $340,000	View Details & Offer
Parcel Name Parcel 7	Parcel Size 47 ± Acres	Final $140,000	View Details & Offer
Parcel Name Parcel 8	Parcel Size 70 ± Acres	Final $160,000	View Details & Offer
Parcel Name Parcel 9	Parcel Size 122 ± Acres	Final $255,000	View Details & Offer

Sale Description

It is often said that Portage & Main is the coldest corner in Canada. Well, there is nothing cold about ‘River & Main,’ a package of nine parcels of agricultural land located directly south of the town of Spirit River and straddling both sides of the river bearing the same name. This truly is one of those stories about location, location, location. Three of the nine parcels are adjacent to highway 731 and five of the nine parcels are located directly south of the town off the end of the main street.

[https://clhbidstorage.blob.core.windows.net/documents/Auctions/96082a34-16f9-409c-3416-08d9245f7395/TinyMCEPictures/40f40622-6f9f-4899-9ce6-f787fe7cf812.jpg]Parcel 1 is a full quarter located only one-half of a mile from the town of Spirit River. The Parcel offers up income from a communications tower located on the north end of the land and Surface Lease Revenue from a well on the southwest corner. The quarter has half of a mile of paved frontage along the east perimeter. Farmers tend to seek out well-drained land with a southerly slope and Parcel 1 rings this bell. That means fewer drowned out areas in wet years and a slightly earlier maturing crop, year after year, on the south slope. There are acreages situated right across the road from this Parcel.

[https://clhbidstorage.blob.core.windows.net/documents/Auctions/96082a34-16f9-409c-3416-08d9245f7395/TinyMCEPictures/3a9083fc-55a7-4803-abdd-e325b0cfcdd7.jpg]Parcel 2 is another full quarter located south of Spirit River and just one mile west of Highway 731. At the current price of wide-open quarters, this one may make your banker smile; purchase this quarter at a discount and then undergo the improvements with ease. With a bit of work, a buyer can turn this quarter into a wide-open quarter in just two or three years. One only has to look on either side of this piece of land to envision what could be done with the 69 acres of bush on the west side. Willowvale Road borders the Parcel to the north and a building spot awaits the purchaser on the east side of the creek that meanders down the East side of the property. The quarter is close to White Mountain and offers a plentiful supply of wildlife. This Parcel includes passive income from Surface Lease Revenue.

[https://clhbidstorage.blob.core.windows.net/documents/Auctions/96082a34-16f9-409c-3416-08d9245f7395/TinyMCEPictures/6369c321-673a-492b-8edf-e8391119cd8a.jpg]Parcel 3 is located on the east side of Highway 731 with one-half of a mile of highway frontage. This full quarter is fenced and has significant Surface Lease Revenue. With almost 90 acres in pasture, the Parcel has four dugouts offering up a good clean water source for above-average rates of gain. The quarter could also be turned into an organic grain or oilseeds producer in short order.

[https://clhbidstorage.blob.core.windows.net/documents/Auctions/96082a34-16f9-409c-3416-08d9245f7395/TinyMCEPictures/83992dd6-b91b-4be3-96c0-60ede307bd24.jpg]Parcel 4 features 102 acres, of which approximately 75 acres are currently arable; however, more acres could be brought under cultivation. This Parcel offers enormous potential as the perfect place to build your dream home on the east side of the mature trees that are situated on the westerly portion of the land. It is presently fenced with 2 strands of hot wire. Enjoy life in the country a mere 3 minutes from all of the amenities the town of Spirit River has to offer. The parcel is unique in that Township Road 780A severs the parcel leaving a picturesque 15 acres on the north that has the potential to be subdivided to gain an extra title and future acreage.

[https://clhbidstorage.blob.core.windows.net/documents/Auctions/96082a34-16f9-409c-3416-08d9245f7395/TinyMCEPictures/ceb6e565-1f2b-4694-b469-bf6dbb567a07.jpg]Parcel 5 is Spirit River Settlement Lot 51 and made up of over 100 acres in total. Settlement lots were created to allow more owners to access riparian water rights. The Parcel has approximately 50 arable acres in total, with 20 of the cultivated acres lying east of Range Road 62A. There is Surface Lease Revenue from a well on the south boundary. Parcel 5 comes with over 3,000 feet of treed river frontage along the south bank of the Spirit River. You must walk this Parcel to truly appreciate it. The Lewchuk family finds this Parcel hard to leave after calling it home for over half of a century. The family home is situated here, as well as a second, older and smaller house that was also home to a family member. The setting is spectacular as you drive in the north driveway past the massive 500-foot-long dugout on the right. When you park in the shadows of the majestic natural windbreak, it truly feels like home. The farmstead has been well thought out, with a working driveway to the south for the farm equipment that leads to the metal shop.

[https://clhbidstorage.blob.core.windows.net/documents/Auctions/96082a34-16f9-409c-3416-08d9245f7395/TinyMCEPictures/01deb661-b08d-41b4-a5d1-182cf946ddcc.jpg]Parcel 6 is Spirit River Settlement Lot 1 and offers up multiple options. The Parcel offers 140 acres in total with more than 70 acres currently arable however more could be brought under cultivation. Access to Parcel 6 is via the registered road plan which runs parallel with the Spirit River and is accessible from the east and the west. This is a Parcel that needs to be walked to truly appreciate. The lower 10-acre river flat bordering the north bank of the Spirt River gives one the feeling of being along a remote stream in the foothills as opposed to being minutes from downtown Spirt River. The Parcel offers total seclusion away from busy Municipal District roads for that recreational buyer wanting privacy while still offering farming and ranching options - especially if bought in conjunction with Parcel 7.

Parcel 7 is Spirit River Settlement Lot 2 and is close to 50 acres, with more than 30 arable acres on the higher plateau. The lower area that leads down to the north bank of the Spirit River is idyllic and forms a special tableland all of its own.

[https://clhbidstorage.blob.core.windows.net/documents/Auctions/96082a34-16f9-409c-3416-08d9245f7395/TinyMCEPictures/0400ede4-94d6-4635-9135-bb3742caf0cc.jpg]Parcel 8 is Spirit River Settlement Lot 30 and is made up of over 70 acres, with 40 arable acres that are currently seeded down to cereal crops. Located just one mile south of the Main Street in Spirit River, this Parcel shares a border with Range Road 62A and has potential for future development. Do the math on buying the Parcel and potentially developing it into smaller parcels at a future date and you will be happy with the outcome.

Parcel 9 is Spirit River Settlement Lot 29 and boasts 122 acres in total that are ready to go to work after a long rest seeded down to grass. This Parcel is also bordering Range Road 62A and is located just one mile south of the Main Street in Spirit River. It has enormous potential for future development as well as on the agronomic side, including the potential to go organic. If investing in farmland, why not invest in farmland on Main Street. Your grandkids will be sure to thank you for it.

Please review the updated Purchase Agreements in the Parcel Details section to see the specifics of the offer.

'River & Main' is being offered for sale by way of online electronic tender by CLHbid.com. Check out our website for updates from time to time.

Viewing of Property: The property may be viewed by interested registered bidders on Saturday, June 26, 2021. Please contact us by email at info@clhbid.com for an appointment.

SLR Details: Parcels 1, 2, 3, 4, 5, and 7

Parcel 6 Road Plan: Road Plan

River & Main is being offered for sale via online escalating tender by CLHbid.com. Check the website for updates from time to time. The property may be viewed by interested registered bidders. Please contact us by email at info@clhbid.com for an appointment. As a law firm, CLHbid never discloses bidder's names to any party, including the Seller. Only the successful buyer's name is ever disclosed to the Seller as part of the closing process.

Proven Results

from satisfied buyers

Frequently Asked Questions

There are existing auction platforms out there such as the ‘Iowa Auction’ that stop bidding after all individual parcels have received high bids. Then for round #2 of the auction they allow past as well as new bidders to ‘up the ante’ by bidding on the entire farm or ranch with a reserve bid set at the aggregate price just bid on all individual parcels in round #1.

After seeking input from many farmers and ranchers, most told us they didn’t feel a platform such as this was fair to bidders on individual parcels who in many cases have went to a lot of work to get pre-approved for financing etc. Farmers and ranchers also indicated they didn’t think it is fair for a large player to ‘lay in the weeds’ and not bid until after the initial round of bidding. They also told us that it would not be fair to allow a larger player to acquire the entire farm or ranch for only a few dollars more than the aggregate of the prior individual bids. Hence the rationale for the ‘premium bid’ amount for the ‘en bloc’ parcel at the conclusion of the auction.

At CLHbid.com, you as bidder only need to be high on a certain number (generally less than 50%) of parcels in order to have a chance to acquire the entire farm or ranch, whereas at national Auction firms you generally have to be high on 100% of the parcels in order acquire the entire ranch or farm.

Bidders have no knowledge of the identity of other bidders. Likewise, the Seller during the sale is not privy to who may be bidding or how many parcels someone may be ‘high on’. At CLHbid.com we set out to create a platform for the selling or leasing of agricultural land that was honest, fully transparent and offered no opportunity for bids to be shopped by the Seller. This is especially important wherein the Seller has final approval.

At CLHbid.com we have put safeguards in place in our CLHbid.com contract with our Seller to ensure the Seller deals only with the high bidder at the conclusion of bidding. During the timed auction itself, all back-end information is locked down including who is bidding or who is registered to bid. At the conclusion of the bidding, the Seller is privy only to the name of the high bidder on each parcel.

The minimum increment for bidding is set prior to each specific sale in consultation with the Seller. The increments are set having regard to the FMV of the parcel being sold with more expensive parcels generally having larger increments.

We have all been to live auctions where a quarter of land worth $500,000.00 starts at $100,000.00. The parcel is then bid up in large increments initially with the increments gradually decreasing in size as the bidding approaches the end. At CLHbid.com, given our predetermined minimum increments, we try and speed up the process by starting the bidding at what we see as a reasonable number to start serious bidding at, yet a number still below FMV.

In addition, given the ‘en bloc’ final parcel bidding option offered at CLHbid.com, we require a floor number for each individual parcel in the unlikely event a specific parcel doesn’t receive a bid, yet at the conclusion an eligible bidder wishes to bid on the entire farm or ranch. In such a case, the Starting Bid becomes the value to be used for that Parcel not receiving a bid when determining aggregate bids. It is important to note the Starting Bid is not a Reserve Bid.

PLEASE NOTE: Not all CLHbid.com sales have an ‘en bloc’. Please review the particulars of each sale for clarity.

No. The Seller waives their right to approve the sale if there is a bid on the ‘en bloc’.

This is really no different than in the tendering process wherein Tenders stipulate “any and all tenders will not necessarily be accepted”. One issue with tendering is the cost to put a tender in the paper is nominal and there is always a risk of the Seller perhaps just feeling out the market or wanting to know the names of the parties interested.

At CLHbid.com one of the paramount reasons for allowing the Seller final say is to alleviate the need for an expensive Guarantee to the auction house – expensive and seldom called upon yet often required by the Sellers bank. The Seller’s bank doesn’t require the Seller to purchase a Guarantee when using the CLHbid.com platform wherein the sale is at the Seller’s discretion.

CLHbid.com incurs significant marketing costs in the event the Seller fails to accept the high bid(s). The Seller is under contract with CLHbid.com and the contract references trigger values indicating when the right of the Seller to refuse a sale is taken away.

At CLHbid.com, our Sellers are fully invested in the process meaning the likelihood of a high bid not being accepted is extremely remote.

No. At CLHbid.com there is no advantage to waiting to bid. Our platform has a ‘refresh’ function on the clock such that any bid placed near the expiration of the timed sale will automatically re-set the clock adding additional minutes to the clock giving all parties (including the bidder that was just outbid) another opportunity to bid.

At CLHbid.com we take the human element out of the process. During the bidding process if you are high, you will receive an online notice saying you are High Bid. If you get outbid you will receive an online notice saying you were Outbid. Immediately upon expiration of the timed sale, the high bidder will receive an email indicating they were the HIGHEST BIDDER.

All emails are auto generated. The question cannot arise as to whether you were high or not or “was it shopped to someone they liked better” such as when tendering land.

No. The Starting Bid is just that. The first bid required for a Parcel is the Starting Bid and not some number above it. If you are the initial bidder and just bid the basic minimum increment your Current Bid will be the Starting Bid number.

CLHbid.com doesn’t publish the name of the high bidder. We do, however, disclose the name of the high bidder to the Seller as they are then in a contractual agreement to buy and sell. We leave it up to the high bidder and Seller to tell whomever they wish.

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CLHbid Makes Bidding Simple

The absolute transparency of this innovative format is a huge benefit to all parties involved. Bidders bid from the privacy of their own home on a set day.

The sale starts and finishes in a matter of hours and the time will extend if bids are placed in the last two minutes of the sale. As confidentiality and honesty are paramount to us, bidders names are never released.

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