$2,505,600
Emo
8044 ON 602 Highway, Emo, Ontario, P0W1E0
This farm in Emo is for sale offering roughly 544 sq ft of space. It has been on the market 21 days, fresher than the Emo average of 156 days.
This offering includes 544 total acres with 330 acres 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 ~200 acres 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 161 acres, including 130 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. (id:66096)
Active: 21 days on market, against an average age of 156 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 76 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This agriculture in Emo has been listed for 21 days, which is 135 days fresher than the city average of 156. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $2,505,600, about 32.8× the local median household income of $76,500.
Carrying it typically needs a household income of about $489,431 (20% down, 25-yr amortization, stress-tested) — roughly 540% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0W)
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