Updates

We are pleased to present for sale the following cabin and lot located within the Organized Hamlet of Little Fishing Lake in the RM of Loon Lake:

#11 Willow Avenue (Lot 8, Block 1, Plan 60B09302): 66’ x 120’ corner lot with 1984 1½ storey cabin, approximately 1,300 sq ft above grade. Well cared for one-owner property with metal roof and wood siding. Main level has the master bedroom, 3pc bathroom, open kitchen/dining/living room, flex utility room with full laundry, plus sun porch. Two bedrooms in the loft area. Electric heat supplemented by wood burning appliance. New vinyl plank flooring. Comes with refrigerator, stove, washer, dryer, and countertop microwave. Balance of furniture available by private treaty. Storage shed and boat house included. Sandpoint well. Septic holding tank. Space for additional development on lot. Just one block from lakeshore and boat launch. 2023 property taxes $1,850.

https://www.google.com/maps/place/53%C2%B051'24.7%22N+109%C2%B034'06.2%22W/@53.856862,-109.568385,10z/data=!4m4!3m3!8m2!3d53.856862!4d-109.568385?entry=ttu

Viewing of home available by appointment; please call Darrel Hardes 780.808.8236. Diligence conditions will be considered, but bidders should be financially pre-approved and have any appraisal for value completed before submitting their initial offer.

Initial offers must be submitted by Noon MST, Tuesday September 17, 2024.

For additional details or inquiries, contact Vern with The McClelland Group, RE/MAX of Lloydminster, (780) 808-2700 or email vernmcclelland@remax.net

Progressive Tender Steps:

Step 1: Submit Bid Document

· Download the Bid Document from the www.hardestender.ca website, pick up a copy at the RE/MAX office, or ask for one to be emailed to you.

· Fill out the required details.

· Obtain a bank draft for $5,000.00 made payable to "RE/MAX of Lloydminster in Trust."

· Place both items in a sealed envelope and label it "Hardes Tender."

· Deliver the envelope to RE/MAX of Lloydminster at 5726 – 44th Street, Lloydminster, AB T9V 0B6 by Noon MST, Tuesday September 17, 2024.  Attention: McClelland Group.

Step 2: Round Table Activity

· After the initial offers for each parcel are opened, the Broker will contact each Bidder and inform them of the amount of the highest bid. Bidders will have until noon the following business day to submit a revised offer by phone, email, or text if they wish.

Step 3: Final Offer

· This "round table" process continues for each parcel daily until every Bidder declares their Final Offer.

· If a Bidder doesn’t respond within the time limit or increase their bid by a minimum amount of 2% over the previous round’s highest offer, their last bid will automatically be declared as their Final Offer.

· Matching bids during progression rounds are discouraged.

Step 4: Confidentiality 

· All Bidder names are kept confidential and only revealed to the Seller with the bid history when the progression rounds conclude. Bid history is the sole possession of the Seller.

Step 5: Finalizing Purchase 

· The Seller reserves the right to reject any or all offers, engage in further negotiations on price or terms, and may award the sale of the subject property to the buyer of their choice.

· The successful Bidder must complete a Purchase Contract with the Broker within two business days of acceptance; a draft of which is available on the website.  

· Deposit is to be increased to 5% of sale price upon removal of conditions.

· Bidder’s proposed completion date for possession is October 11, 2024 unless otherwise agreed.

Step 6: Diligence Activity, Legal and Accounting Costs

· Property is sold “as is”. Bidders are encouraged to conduct their own diligence including appraisal for value, home inspection, water quality and quantity, or survey / real property reports.

· Each party is responsible for their own legal and accounting costs. There is no buyer transaction fee.

Step 7: Notification

· All Bidders will be notified about the outcome once a Purchase Contract is completed between the successful Buyer and Seller. Deposits from unsuccessful Bidders will be released in a timely manner by the Broker once the Purchase Contract is in place. 

The McClelland Group, Agricultural and Commercial Specialists with RE/MAX of Lloydminster, offers a full range of consulting services, land valuation, leasing, and real estate marketing to clients across Alberta and Saskatchewan. Call us today and start the conversation!

Vern McClelland - Direct (306) 821-0611 Email: vernmcclelland@remax.net