Development Land - Michener Allen Auctioneering Ltd
Development Land
Lot Number:2
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Start Time:6/10/2024 3:00:00 PM
End Time:6/20/2024 6:15:00 PM
Bid Count:0
Current High Bidder:
Starting Bid:$850,000.00
Bid Increment:$25,000.00
Current Bid:$0.00CAD

REFER TO "TERMS" TAB FOR REAL ESTATE TERMS & CONDITIONS. 

Realtor Listing Click Here

701 Pioneer RD, Spruce Grove, Alberta T7X 0P7.

PROPERTY INFORMATION:

Future Development Opportunity! This 14.6+/- acre of development land is bordering Yellowhead Highway/Hwy 16 in the City of Spruce Grove. The land is proposed as low to medium density residential in the Pioneer Lands Area Structure Plan. Located near the Westwind commercial/retail development and a short distance from the Century Road overpass. These 14.6 acres are near the up and coming subdivisions of Tonewood, Prescott, Fenwyck and Kenton Village. This parcel of land has municipal sewer line adjacent to the property and city water access nearby. Construction has begun on the nearby Civic Centre project. This project includes a co-located Park and Ride facility. Zoned Urban Reserve. THIS PROPERTY IS TO BE LISTED BY TIMED AUCTION FROM JUNE 10, 2024 - JUNE 20, 2024.

There are no bids for the lot at this time

No donations for this lot

Brokered by Victor Moroz

Royal Lepage Commercial 

Mobile 780-499-6400 

Office 780-962-4950

 

Matthew Benko

Michener Allen Auctioneering

Mobile 780-499-9712

Office 780-470-5584

Real Estate Terms & Conditions for Michener Allen Auction

Terms: Purchaser, pay within 30 Days

Deposit: 10% by auction day or within 2 days

Highest Bidder has 1st opportunity to negotiate.

Closing Time: 15 minutes for closing time between lots.

 

1.       All prospective Buyers are required to register to obtain a Bid Number in order to Bid.

2.       All prospective Buyers are required to present banking information (Bank Co. and Financing Contact)

3.       Michener Allen and the real estate brokerage company will act as a single agent representing the seller’s interest only – not as a dual agent.

4.       The Auction sale is not contingent on the Buyer obtaining financing, nor conditional upon any requirements or events, and will not be extended for any purposes whatsoever.

5.       If you are the successful Bidder, a non-refundable deposit of 10% of the purchase price of the property will be due and payable at the conclusion of the Auction, in the form of personal check, money order, certified cheque or bank draft. The deposit will be held in a trust account. At the end of the Auction, the successful Bidder will immediately enter into a Real Estate Purchase Contract, and be bound to the Terms & Conditions as set forth. Bidders will also be required to complete a Receipt of Funds Record. Bidders who subsequently fail to close the sale for any and all reasons, other than the failure of the Seller, will be required to release their entire deposit as liquidated damages. The remainder of the purchase price is due in full upon the closing date, up to 30 days after Auction:

A Buyer Premium will not be applied. The Purchaser shall pay the Purchase Price for the property and all applicable taxes (Provincial and Federal).

6.       All properties are sold “AS IS, WHERE IS” condition. Bidders are advised to perform their own due diligence prior to attending the Auction, or during the Viewing.

7.       All sales are final.

8.       The Auction sale will begin promptly at the appointed time and place, unless conditions prevent such a sale to take place, in which case the Auctioneer will make a decision on where and when.

9.       Descriptions made by the Auction Company, Michener Allen Real Estate Auctions Inc, are made as accurately as possible in all its literatures, website and advertisements, and are provided for information purposes only and should be verified by the Bidder. The Auction Company, the Directors, and its staff, the Designated Brokers, Seller or their Agents cannot be held liable for any errors or omissions whatsoever.

10.    Bidders are required to perform their own due diligence, including but not limited to reviewing all details, measurements, and restrictions prior to bidding at the auction.

11.    The Auction Company reserves the right to deny any person admittance to, or expel any person admittance to, or expel any person from the Auction event, or to withdraw any or all property(s), or to change the Terms & Conditions, or to reopen bidding on the Property, or may designate one of the Bidders as the successful Bidder, at any time prior to or during the course of Auction, without just cause.

12.    Bidders acknowledge that they are on the Sale site at their own risk. No person shall have any claims against the Auction Company, its staff and representatives, including its Agents for any injuries sustained or for any damages to or loss of property which may occur.

13.    In the event of a tie bid, the bidder on location and in the presence of the Auctioneer will take precedence.

14.    In the case of dispute, the Auctioneer’s decision shall be final.

Spruce Grove, Alberta T7X 0P7
Canada
Contact: Victor Moroz
Phone: (780) 499-6400