Southern Alberta ranch listed for record $42.5 million US
The Bar-N Ghost Pine Ranch property in southern Alberta is being listed for sale for $54 million. Photo courtesy of Sotheby's International Realty Canada.
The Bar-N Ghost Pine Ranch in southern Alberta is being listed for sale for a record $42.5 million US.
The nearly 6,000-hectare property, owned by Calgary oil and gas executive Greg Noval, is located 90 minutes south of Calgary and close to renowned UNESCO World Heritage site Head-Smashed-In Buffalo Jump.
The previous owners were the Wesley family, who were well known for establishing an Alberta baseball team, the Granum White Sox.
Offers will be accepted exclusively in US dollars. The list price is about $52.5 million in Canadian dollars.
The Bar-N Ghost Pine Ranch property in southern Alberta is being listed for sale for $42.5 million US.
Courtesy / Sotheby's International Realty Canada
It features six residential homes “set on a pristine and diverse landscape, with lush meadows, rolling hills, steeper mountain country with scatterings of aspens and evergreens, as well as water springs, trout pond and a lake,” said Sotheby’s International Realty Canada which is selling the property at a price it says is a record for a residential land listing in Alberta.
The cattle ranch is also home to elk, mule deer, white-tailed deer and several species of birds including the sharp-tailed grouse.
Renata Reid, the listing agent with Sotheby’s, said the current owner purchased the property in 1992 and is selling it now due to health issues as well as the fact that he is retired.
The Bar-N Ghost Pine Ranch property in southern Alberta.
“The water on this site is incredible,” she said. “There are streams, ponds and a lake on the property that keep this property lush and green most of the year. They’ve never had any water issues. They have gravity water supply that comes into the home. So they have no pumps pumping any water because there’s just that much water on this land.
“It is untouched nature basically that is a large parcel that hasn’t been affected by any development or any external effect. It’s been protected.”
The working cattle ranch has 800 cattle and 36 Angus cross bulls. It has winter cabin facilities, corrals, barns, machine shops and sheds.
An interior picture from the Bar-N Ghost Pine Ranch property in southern Alberta.
Sotheby’s said the residences include a luxurious 5,200-square-foot grand ranch home, a guest home, and four village houses for a full crew.
“The primary residence has been designed to highlight the beauty of the surrounding natural landscape, with floor-to-ceiling windows showcasing panoramic views, custom millwork with etchings of the prairies and local wildlife throughout the home,” said the real estate company.
Ross McCredie, president and chief executive of Sotheby’s International Realty Canada, said the market for iconic ranch estates like Bar-N Ghost Pine Ranch has expanded over the past few years.
“Canadian real estate is now regarded as being among the most desirable assets for discerning buyers worldwide. Given the low Canadian dollar, this property’s unique history, and its location one hour from the U.S. border, it’s no surprise that there has not only been interest from Canadian buyers, but from buyers from the U.S. and internationally,” he said.