For Sale · Land

Schoen farm, Loon Lake Rm No. 561

Schoen farm, Loon Lake Rm No. 561, SK S9X1Z6

$950,000 total

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Asset Class

Land

Size

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Building class

A

Zoning

AG — Agricultural

$ / SF

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Occupancy

99%

Year Built

2009

Lot Size

156 ac

About this property

Rarely offered full quarter section with a beautiful home and large shop. Vaulted ceilings give this bungalow an open, airy feel, while the pellet stove makes the living space cozy and inviting. Super efficient triple pane windows and extra insulation in the 2x8 walls keep things cool in the summer and warm in the winter. The open concept kitchen, dining and living area features solid maple cabinets, solid maple hardwood floors and a walk-in pantry. Tile finishes the kitchen, entries and bathrooms. The third bedroom makes a lovely office, with frosted French doors opening to the living room while providing privacy. A convenient laundry/mudroom room off the garage includes a half bath. Step onto the covered deck and enjoy the beautifully landscaped yard, with garden boxes, a greenhouse and mature landscaping complete with a water feature pond with a bridge. The shingles were replaced in 2026, as well as a new furnace and hot water tank. A bored well provides excellent water. The cultivated portion of the quarter section is flat, rock-picked and seeded to canola and alfalfa. The heated 30' x 60' shop has 14' height, two doors and a 14-ton hoist, a mechanics dream. There is a separate, but attached building for the large air compressor that will stay with the shop, and plenty of bench work space. A small barn, older wood shop, small garage and additional outbuildings round out this property. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$950K
Down payment30% · $285K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$53K

Annual cash flow

$-136

Cash-on-cash

-0.05%

DSCR

1.00

Going-in cap

5.53%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

85,706

Households

33,026

Median income

$96,000

Median age

43.9

Daytime population

74,347

5-yr growth

8.8%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for Schoen farm, Loon Lake Rm No. 561.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.