$525,000 CAD

Listing Details

Farm Type:
Cash Crop, Ranch / Pasture
Listing Status:
Virden, Manitoba
R0M 0A4, Canada
Total Acres:

Detailed Description

Selling ONLINE July 10, 2024. 'Manitoba Jackpot' will be offered for sale by CLHbid.com by way of ONLINE electronic tender from 10am-11am CDT.

The price listed is the Starting Bid - see website for Updates and Details.

‘Manitoba Jackpot’ is comprised of 147 acres that are open from corner to corner, all within the town of Virden, Manitoba. Virden has always been known for having a strong, diverse economy and was named the Oil Capital of Manitoba over 75 years ago. The founders of MNP, Boston Pizza, Mr. Lube, and TransX all originated out of Virden. ‘Manitoba Jackpot’ is surrounded by industrial development on three sides and paved roads form the northern and western boundaries of the Parcel.

The Virden Airport is located just across the road to the north of the Parcel, and the Town has recently applied for funding to lengthen the runway to 6,000 feet to encourage outside businesses to relocate. The major Canadian Pacific Railway line is in proximity, and situated just 40 miles west of Brandon, Virden sits at the midpoint between Regina and Winnipeg on the Trans-Canada Highway. With the major intersection of Highway 83 (south) and TransCanada Highway 1 (east-west) nearby, this Parcel offers endless potential for startup businesses requiring hydro, gas, septic, and town water, in an area with a strong labor pool.

With a Starting Bid set below what an acre of commercial land may sell for in Winnipeg or Saskatoon, ‘Manitoba Jackpot’ should be in the crosshairs of any Western Canadian business owner's eyes looking for substantial acres with unrestricted access to highways, rail, and air transportation. The only subdivision out of the quarter to date was an 11-acre subdivision of raw land in the southwest corner that sold for $192,500. At $17,500/acre, do the math on the potential for the remaining 147 acres. The quarter's gentle slope and geotechnical structure are conducive to cost-efficient development.

Whether looking for the perfect place for a Casino, Greenhouses, or a Solar Farm, ‘Manitoba Jackpot’s’ major Hydro line adjacent to the Parcel offers endless opportunities. Check out the possibilities within a town known for supporting and aggressively encouraging economic diversity. Enjoy the benefits of developing your dream, rural business in a municipality that offers a steady tailwind instead of a draining headwind.

‘Manitoba Jackpot’ is the epitome of an investment with a huge upside and no downside - who says you can't have it all? Did we forget to mention that ‘Manitoba Jackpot’ is currently open, expansive farmland? While it may not be Red River Valley soil, the Canada Land Inventory listed Number 4 soil with a sandy texture is not really a significant negative when considering oilseed or legume crops that prefer percolation as opposed to hardpan soil structures. The region is known for its extended growing degree days, which allows for more cropping options.

‘Manitoba Jackpot’ has been sitting on idle while seeded down to hay; however, given today's agronomics, the owner will undoubtedly be looking at cropping going forward. The real jackpot may be discovered when your kids or grandkids decide to cash in, but if investing in farmland, why not invest in land with another huge upside in addition to crop production?

CLHbid.com is being offered for sale via online escalating tender by CLHbid.com. Please check the website for updates from time to time.

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