Weedy1 Posted October 25, 2007 Share Posted October 25, 2007 30 acre lake, 30 ft deep, aerated, 2500 rainbows in 2005, 300 this year. I thought about it but just couldn't seem to come up with an extra 800 grand. I did talk to the owner. He built a road through to an island and across to the other side. He put culverts in so the fish could swim back and forth. There is camping on the island. Listing: http://www.darcypowlik.com/listings/listingdetail.cfm?id=352 Google Earth (zoom in 3 to 4 times to see island) http://maps.google.com/maps?t=k&ie=UTF...014462&z=16 Quote Link to comment Share on other sites More sharing options...
Guest bigbadbrent Posted October 25, 2007 Share Posted October 25, 2007 this is the kind of thing you get together with some rich fisherman for cool pond though Quote Link to comment Share on other sites More sharing options...
Rick Posted October 25, 2007 Share Posted October 25, 2007 A new Barn/shop and a stocked trout pond. I already have a barn/shop so does that mean I'm halfway there? What more could a man ask for. Where is the County of BRAZEAU? Rick. Quote Link to comment Share on other sites More sharing options...
Brownstone Posted October 25, 2007 Share Posted October 25, 2007 Brazeau County Is up around Drayton Valley..nice area if you don;t have to live in town.. Quote Link to comment Share on other sites More sharing options...
j5ep00 Posted October 25, 2007 Share Posted October 25, 2007 holly god!!! my uncle has been looking for a nice property so he could do this himself! deffinattly have to show this to him thanks weedy Quote Link to comment Share on other sites More sharing options...
Guest Sundancefisher Posted October 25, 2007 Share Posted October 25, 2007 16 guys with $50K each and it would be the bestest ever clubhouse. One could also consider making it a trophy fishing club. The economics are not there unless the fish can grow to over 10lbs. It is possible however. Quote Link to comment Share on other sites More sharing options...
Weedy1 Posted October 25, 2007 Author Share Posted October 25, 2007 16 guys with $50K each and it would be the bestest ever clubhouse. One could also consider making it a trophy fishing club. The economics are not there unless the fish can grow to over 10lbs. It is possible however. I'm in... Quote Link to comment Share on other sites More sharing options...
Castuserraticus Posted October 25, 2007 Share Posted October 25, 2007 I did some research several years ago into developing something like this. The price is outrageous Land $1500/ac. = $195,000 Power $50,000 1820 ft2 Barn - $250,000(?) Lake improvements - $100,000 Lease revenue (NPV 10%) - $21,000 Looks like a reasonable value for ~$600,000 The price is inflated by using the words "recreational property" in the listing The property is east of Drayton, NW of Alsike so it's not really remote. Participants would need the ability to carry some ongoing operating contributions (taxes, improvements, utilities). Go with undivided interests in the land - it looks like it would be difficult to subdivide - expensive to work around the water body. There may be environmental restrictions on any work around the pond. You'll need an initial capital budget to put in some infrastructure - recommend trailer sites with hook-ups initially - or people will fight over the barn. Power is already there so that's taken care of. If you do it as a bareland condo, rules can be set-up - common vs private property, financial obligations, voting rights, ownership transfer, operating committee. There are several ways to handle varying useage. As some would be able to spend much more time than others this would need to be addressed. The producing well (2/16-7-49-4W5) looks like it's nearing the end of its life so the rentals can't be relied on. It is an abandonment candidate although it likely would not be done immediately. It's not prospective for additional drilling. Quote Link to comment Share on other sites More sharing options...
Weedy1 Posted October 25, 2007 Author Share Posted October 25, 2007 I did some research several years ago into developing something like this. The price is outrageous Land $1500/ac. = $195,000 Power $50,000 1820 ft2 Barn - $250,000(?) Lake improvements - $100,000 Lease revenue (NPV 10%) - $21,000 Looks like a reasonable value for ~$600,000 The price is inflated by using the words "recreational property" in the listing The property is east of Drayton, NW of Alsike so it's not really remote. Participants would need the ability to carry some ongoing operating contributions (taxes, improvements, utilities). Go with undivided interests in the land - it looks like it would be difficult to subdivide - expensive to work around the water body. There may be environmental restrictions on any work around the pond. You'll need an initial capital budget to put in some infrastructure - recommend trailer sites with hook-ups initially - or people will fight over the barn. Power is already there so that's taken care of. If you do it as a bareland condo, rules can be set-up - common vs private property, financial obligations, voting rights, ownership transfer, operating committee. There are several ways to handle varying useage. As some would be able to spend much more time than others this would need to be addressed. The producing well (2/16-7-49-4W5) looks like it's nearing the end of its life so the rentals can't be relied on. It is an abandonment candidate although it likely would not be done immediately. It's not prospective for additional drilling. = ONE BIG HEADACHE Quote Link to comment Share on other sites More sharing options...
Weedy1 Posted October 25, 2007 Author Share Posted October 25, 2007 The land is zoned AG. 3-5 lots could possibly be developed at one end of the lake according to the people I spoke to. With AG zoning I think you can do whatever you please with the lake. Farmers fill them in all the time. The guy did build a road across it to the island. Yes/No??? Quote Link to comment Share on other sites More sharing options...
Harps Posted October 26, 2007 Share Posted October 26, 2007 Who stocked the lake, is it connected (looks like it is), which would mean it is public lands. Under the new wetland act, you can't fill it in, and there are drainage issues to deal with eitherway. Anyways who in there right mind buys a rec property then subdivides so you have neighbours (probably stupid too)? It then becomes a little piece of city, manicured lawns, noise, concrete, and all. $879k... Now that's alot of fishing trips to real water around the world with wild trout. Quote Link to comment Share on other sites More sharing options...
Guest Sundancefisher Posted October 26, 2007 Share Posted October 26, 2007 I would say that the land remains Agricultural which would be a good thing. The land would be bought by a numbered company of which everyone would own an equal piece. People would pay annual dues to cover off utilities, fish stocking, taxes etc. As a company engaged in agriculture (i.e. fish farming), deductions would be allowed. Reasonable travel costs to and from the property would be allowed in order to assess the growth rates etc. Rules around how many people can be out at a time is often done such as a notice goes out that person A wishes to fish next weekend and bring two guests, if you allow only 10 people out, the limitation on guests would happen first (ie. owners can alway have priority over others guests). Limitations on numbers would most likely be important if sleeping over night and to control limits on numbers of guests. You would always need a joint ownership agreement in place to allow for removal of persons not paying there dues and to allow people to sell their share with rights of first refusal to those already owners (method to screen out undesirables). You can always enter these arrangements as friends but without clear understandings of people expectations, conflicts will always arise. The lake if looks like it sounds, looks productive enough that with aeration and the right strain of triploid rainbows should be able to produce some big brutes. Quote Link to comment Share on other sites More sharing options...
Weedy1 Posted October 26, 2007 Author Share Posted October 26, 2007 Who stocked the lake, is it connected (looks like it is), which would mean it is public lands. Under the new wetland act, you can't fill it in, and there are drainage issues to deal with eitherway. Anyways who in there right mind buys a rec property then subdivides so you have neighbours (probably stupid too)? It then becomes a little piece of city, manicured lawns, noise, concrete, and all. $879k... Now that's alot of fishing trips to real water around the world with wild trout. Harps, The lake was stocked by the owner. He purchased the fish from Ackenberry Trout Farms. The Google image shows where the owner built a road through to the island then back to the opposite side. The entire lake as seen on the Google image is on the property. There is no public access to the lake. If I were to invest in a piece of land such as this I would do it under the guidelines that Sundancefisher has detailed. Your right about subdividing, that would be dumb. Quote Link to comment Share on other sites More sharing options...
Guest bigbadbrent Posted October 26, 2007 Share Posted October 26, 2007 Maybe we need to go do a test fishing... Quote Link to comment Share on other sites More sharing options...
Harps Posted October 26, 2007 Share Posted October 26, 2007 Harps, The lake was stocked by the owner. He purchased the fish from Ackenberry Trout Farms. The Google image shows where the owner built a road through to the island then back to the opposite side. The entire lake as seen on the Google image is on the property. There is no public access to the lake. If I were to invest in a piece of land such as this I would do it under the guidelines that Sundancefisher has detailed. Your right about subdividing, that would be dumb. That'd be the way to do it. On the map it looked like it is actually 3 lakes with the west most crossing a quarter section line (not always related to property). I still think I'd rather a peice of unimproved land with a nice section of river (perferably un-boatable river) running through it. I don't do the lake thing very often (although with more delayed harvests, I'll try). I know of a lake down here that was privately stocked, but a township right-of-way ran through it, there-by allowing public access. Big Charr, brookies, and rainbows too. A shame. Quote Link to comment Share on other sites More sharing options...
Castuserraticus Posted October 26, 2007 Share Posted October 26, 2007 In order for the non-fishing family members to buy-in there would need to be some development of the lake for swimming - ie truck in some sand, build dock, picnic area. Quote Link to comment Share on other sites More sharing options...
Weedy1 Posted October 26, 2007 Author Share Posted October 26, 2007 I'm glad I posted this as it is a least a good dry run for the day when a potentially excellent deal arises and some members may want to invest. For curiousity, if this property was say $500,000 would there be 10 people out there willing to invest $50000 if it was within a couple of hours of Calgary and abide by a set of rules such as Castuserraticus has outlined? Quote Link to comment Share on other sites More sharing options...
ladystrange Posted October 27, 2007 Share Posted October 27, 2007 once the house is sold, i could possibly talked in to this Quote Link to comment Share on other sites More sharing options...
Guest Sundancefisher Posted October 27, 2007 Share Posted October 27, 2007 If the lake was within 1.5 hours of south Calgary I would be in. Quote Link to comment Share on other sites More sharing options...
esleech Posted October 27, 2007 Share Posted October 27, 2007 I've got a hundred bucks till payday... Quote Link to comment Share on other sites More sharing options...
Weedy1 Posted October 27, 2007 Author Share Posted October 27, 2007 I've got a hundred bucks till payday... There will probably be a need for an outhouse boy so your in.... Quote Link to comment Share on other sites More sharing options...
SteveM Posted October 27, 2007 Share Posted October 27, 2007 There will probably be a need for an outhouse boy so your in.... Outhouse boy? I think you misunderstood, Weedy; I said it's long been a dream of mine to have a Viper, not a "wiper"! Quote Link to comment Share on other sites More sharing options...
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