Selling 9 Quarters of Real Estate

Sale Starts May 22nd, 2026 & Finishes May 27th, 2026

All Parcels are Located in the MD Of Bonnyville # 87

Parcel #1 - Selling 640 Acres M/L - 4 Quarters Deeded Land - To Be Sold Per Quarter

Consisting of: NW-35-64-7-4 - 159 Acres M/L, NE-35-64-7-4 - 160 Acres M/L, SW-35-64-7-4 - 160 Acres M/L, SE-35-64-7-4 - 160 Acres M/L

Directions: North on Hwy 41 From La Corey for 16 Kms To Twp Rd 644 (Turn Left), Follow Road Around Curves Around To Twp Rd 470 for 8.8 Kms, At Stop Sign Turn Right Onto Twp Rd 644A for .8 kms, West Side Of Road - 1 Mile Stretch 

Excellent opportunity to acquire four contiguous quarters (one full block) in the MD of Bonnyville No. 87. This property offers a strong combination of agricultural capability and established oilfield infrastructure with consistent annual revenue.

The land features seven well pads, five producing, and a developed lease road system, providing convenient year-round access throughout and direct access to all lease sites. Additional income is generated from powerline agreements, further enhancing the investment appeal.

The property includes three dugouts, offering reliable water sources for agricultural and operational use. Corral system will stay but squeeze chute will be removed. Approximately 180 acres were previously broken and partially reseeded, providing immediate agricultural productivity.

The land is fenced and cross-fenced, with steel posts in place; however, some repairs are required.

Between Parcel 1 and Parcel 2, the property generates approximately $55,530 in annual surface revenue. This parcel generates approximately $39,200 in oil revenue and $4,200 in powerline distribution income, for a total annual revenue of $43,400.

We Strongly Suggest That the purchaser of Parcel 1 Purchases Parcel 2 

Parcel #2 - Selling 640 Acres M/L - 4 Quarters Grazing Lease - GRL39797 - Rated at 92 AUM - Expires December 31, 2042

Consisting of:  NW-34-64-7-4, NE-34-64-7-4, SW-34-64-7-4, SE-34-64-7-4

Directions: North on Hwy 41 From La Corey for 16 Kms To Twp Rd 644 (Turn Left), Follow Road Around Curves Around To Twp Rd 470 for 8.8 kms, At Stop Sign Turn Right Onto Twp Rd 644A for .8 kms, West Side Of Road - 1 Mile Stretch 

Excellent opportunity to acquire four contiguous quarters (one full block) in the MD of Bonnyville No. 87. This property offers a strong combination of agricultural capability and established oilfield infrastructure with consistent annual revenue.

The land features two well pads and a developed lease road system, providing convenient year-round access throughout the property and direct access to all lease sites. Additional income is generated from powerline agreements, further enhancing the investment appeal.

The land is fenced and cross-fenced, with steel posts in place; however, some repairs are required.

GRL 39797, Rated at 92 AUM, Expires December 31st, 2042 was renewed on a 20 year term. 

Between Parcel 1 and Parcel 2, the property generates approximately $55,530 in annual surface revenue. This parcel generates approximately $11,290 in oil revenue and $840 in powerline distribution income, for a total annual revenue of $12,130.

Parcel #3 - Selling 160 Acres M/L Deeded Land

Consisting of:  NW-35-64-7-4

Directions: From La Corey Go North On Hwy 41 for 5.9 kms to Twp Rd 640 & Rge Rd 460, Go North for Approx. 2 kms, East Side Of Road

Excellent opportunity to own approximately 160 acres of agricultural land. The property is fully fenced with 4-strand barbed wire and features a dugout providing a reliable water source. There is a single approach access to the land for convenience.

A treed area is located in the southwest corner of the property, offering natural shelter and added landscape diversity. Ideal for grazing or agricultural use.

An attractive opportunity for investors, farmers, or landowners seeking income-producing land with existing infrastructure.

Access to the property will be granted upon receipt of the deposit; however, the seller requests access to the property until July 15, 2026, to remove any personal belongings.

Real Estate Transactions are being Handled by Morrison Realty - Kim Hughes (403) 704-3141 & Allen Olson (403) 783-0556

Real Estate Terms & Conditions:  10 % Down on Sale Day.  Balance & Possession on or before June 26th, 2026 or Upon Closing.  If Balance is NOT RECEIVED by June 26th, 2026 or Upon Closing the Deposit will be Forfeited as Liquidation Damages.  All measurements are approximate and need to be verified by the purchaser.  

This property is sold as-is, where-is, without warranties or conditions. No financing or inspection conditions will be accepted. Buyers are responsible for conducting their own due diligence prior to auction.

Morrison Realty (1990) Ltd and their agents are treating all parties to this sale as customers.

Allen B. Olson Auction Service Ltd.

Rimbey - Hwy 16/Rge Rd 185 – Camrose

(403) 843-2747 – Rimbey

(780) 208-2508 – East Central

1-855-783-0556 Toll Free

License No. 165690

Email:  abolson@telusplanet.net - Homepage:  www.allenolsonauction.com