8044 ON 602 Highway, Emo

$2,505,600
8044 ON 602 Highway

$2,505,600

New
9d
Farm

8044 ON 602 Highway, Emo

Total Monthly Obligation $10,781

Beds
0
Baths
0
Park
0
DOM
9d
Property Type-Farm
MLS® Number-X14030246
Beds-0
Listed on site-Oct 14, 2026
Building Type-Farm
Taxes-$3,588.34 (2026)
Brokerage-JUST FARMS REALTY
Fireplace-No
Pool-None
Possession-Call Listing Agent
Title-Commercial

No agent assigned

This offering includes 544 total acres with 330 acres of 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 201acres 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 161acres, including 115 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.

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Closing Costs

Mortgage Amount
$2,004,480
Land Transfer Taxes$49,115
Legal Fees (Est.)
$
Total cash required for closing$551,735

Total Monthly Obligation

$10,781/mo
Mortgage $10,107
Monthly Loss $8,121
Principal$2,660
Interest$7,447
Property Tax$299
Home Insurance$125
Variable Costs$250

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 8044 ON 602 Highway

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