Full quarter section located approx. 25 +/- minutes east and south of Red Deer and a very short distance from the west side of Pine Lake. This parcel of bare farmland is currently used for summer grazing but has some attractive recreational characteristics given the close proximity to Pine Lake. There is a 26 +/- Ac portion of the parcel that has been broke and productive in years past; it is now considered seeded pasture. There are 128 +/- Ac of dry land pasture; 59 +/- of these acres are at the higher pasture rating and 69 +/- Ac are at the lower rating (details taken from farmland calculation report – Red Deer County assessment). There is perimeter fencing as well as some cross-fencing (all the electric wire improvements belong to the pasture tenant). There is a long-term pasture tenant that would be interested in continuing with the summer grazing use of the property for a buyer not requiring the grass for grazing – terms and conditions would need to be established between the new owner and the tenant. Livestock water is provided by natural water bodies and there is a water license for consumption use of 1.0 ac foot (43,560 cubic meters or 325,800 +/- gallons) associated with a water diversion dam that is registered with Alberta Environment – documents on file. There is a surface lease(s) that reports an annual income of $ 3,568 +/- (the rental payment will remain constant for the next 5-year period). GST is payable. Possession may be subject to tenant’s rights, if any. More details available on Realtor’s ® website.
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