Welcome to a remarkable opportunity just 20 minutes west of Olds! With $21,000 +/- per year in surface lease revenue, this property offers not only great land but also a solid income stream. This full, uncut quarter section, consisting of a 160-acre property, includes 129.6 acres of cropland, 15.18 acres of low ground, 3.31 acres of surface lease, and 12.25 acres of yard site. It boasts immense potential to either subdivide out the homestead or keep it as a full package. It features a main house, multiple barns, and a garage. While the property and buildings require extensive cleanup, the possibilities are endless.
The main house, approximately 1,500 sq. ft., has seen some key upgrades, including a new furnace, metal roof, and hot water heater, adding value and efficiency. However, it still needs significant work and is a perfect project for someone looking to customize their living space. The barns, sized at 1,900 sq. ft., 1,500 sq. ft., and another 1,500 sq. ft., along with a spacious 1,300 sq. ft. garage, provide ample space for various uses. Currently, the property is being used for sheep farming, so it also contains a substantial amount of corralled area. The farmland here is of exceptional quality, perfect for those looking to expand their agricultural ventures.
There are several avenues to explore with this homestead. You can choose to build a beautiful new house on the pre-established site, subdivide it for sale, or even clear the existing structures to expand your farmland. The property also features an insulated concrete basement foundation that has never been utilized or built upon, presenting further development potential.