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Pemberton Holmes Ltd.

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8044 On 602 Highway
homes for sale · Emo
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$2,505,600

8044 On 602 Highway

Emo · MLS® X14030246

544 sq ft · Land · Agriculture · 10 days on market

listed by PHILIP CHABOT, JUST FARMS REALTY

realtor's description

This offering includes 544 total acres with 330 acres of of highly productive, tile drained farmland, valuable irrigation rights, and a pedigreed seed facility with Agriculture Canada authorization. Whether you're a producer seeking high quality farmland or an investor looking for a turnkey agricultural asset with strong growth potential, this property combines productivity, natural beauty, and long-term value in one exceptional package. Located two miles south of Emo on Highway 602 in the Rainy River District of Northwestern Ontario, Carpe Diem Farms includes 201acres of systematically tile drained cropland, 174 acres of woodland (with up to 100 acres that could be cleared and restored to farmland), and a homestead featuring a two-storey, three-bedroom home. Additionally, the farm includes two 30' x 100' tarp sheds (repairs needed), multiple storage buildings, and 14 grain bins with a total capacity of 18,000 bushels equipped with a modern air transfer system. The property holds irrigation rights on the Rainy River, allowing for up to 11.2 million litres per day with open term and no fees for agricultural water use. Additionally included in this offering, Blue Lantern Lodge Ltd., located on Carlson Road, Carpenter Township (Concession 3, Part Lot 12), consists of 161acres, including 115 workable acres that are systemically tile drained (25 acres in 1982 and 90 in 2023) and 40 acres of forested land. The current crop rotation includes canola in 2024 and corn in 2025.Purity Seeds Limited, currently dormant, operates from a 6,240 sq./ft pedigreed seed cleaning and storage plant located on the Carpe Diem site. It is the only Agriculture Canada authorized seed cleaning facility in Northwestern Ontario and includes an office and all associated seed cleaning and handling equipment. This is a rare opportunity to acquire a productive and well-maintained Northwestern Ontario farm package with strong infrastructure, irrigation rights, and a pedigreed seed facility.

property details

type
Land, Agriculture
living area
544 sq ft
parking
0
property tax
$3,588 / yr
days on market
10
MLS®
X14030246

monthly cost

$11,216/mo
Mortgage $10,917 · Tax $299

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment
$10,917/ monthly
loan $2,004,480
25-year amortization
total interest
$1,270,518
cash to close
$501,120
down payment; transfer tax and fees not included
total paid
$3,274,998

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

location

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listed by
PHILIP CHABOT
JUST FARMS REALTY
call PHILIP · 519-495-7117
Powered by: REALTOR.ca

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location

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0

Walkability 0/100 · Car needed for most errands

Nothing everyday within a 10 minute walk.

mihom score from OpenStreetMap places, by straight line distance.

nothing comparable on the market right now.