Ontario Tax Sale Property Forum
Tax Sale Forum => Questions and Answers => Topic started by: Sasha on October 05, 2008, 01:24:08 AM
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Just the opportunity I've been waiting for. Little log cabin on a lake (OntarioTaxSales.ca website). Okay, I'm not near the area and if anyone on this site is close to the area or has seen it, please share information. Hope it isn't redeemed, not perfect, photos of cabin indicate it needs a little work but its a seasonal dwelling on a lake, nice location for a summer cottage. Definately putting in a bid, if it goes to sale.
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You've gotta love the snowblower lawn ornament. Anyone have a working bulldozer.
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Strange lot ..50 feet by 1170.and thins down to about 15 or 20 feet ..You will need a snow blower.. The lake it is on is tiny with a ton of houses but it is still a lake.
Don't hold your breath Sasha. The place will redeem . It was only bought ten years ago and the pictures show it is definitely still being used.
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Looking at those pics, the property looks well maintained. The grass is cut, cabin is rough but still looks like it is being used, boats look like they are in good shape. Either the property will be redeemed or it will go to sale with the owner hoping he/she gets more for it then he would if he sold it through MLS(. I would be worried about the zoning, not sure what EPH means, but I would be worried about putting in a septic or a well with zoning like that.
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Just the opportunity I've been waiting for. Little log cabin on a lake (OntarioTaxSales.ca website). Okay, I'm not near the area and if anyone on this site is close to the area or has seen it, please share information. Hope it isn't redeemed, not perfect, photos of cabin indicate it needs a little work but its a seasonal dwelling on a lake, nice location for a summer cottage. Definitely putting in a bid, if it goes to sale.
Sasha,
New to this site so sorry if this does not come post correctly. I am just starting out looking at tax properties so I decided to take a drive to the waterfront lot as I live about 1/2 hour away. Unique lot at best. Property is down a long shared drive (see google earth to locate). Once you drive down towards the lake you come across a junk yard or sorts with a bunch of broken down tractors, junk, fridges etc.... past that is a large year round home and garage that sits back from the water. Once you drive past that directly ahead of you is 2 cottages (both log). The property in question is on the south side closer to the water with the second on the North side set back a little further more or less directly North of the 3 sheds belonging to the cottage in question. The pictures provided for the tax sale are deceiving as the total waterfront is split between the two cottages. Neither of the cottages have been used in a few years as I found out by local residence. (also is more than 1 dispute about who owns what by way of lane ways in the area). Further, check out web site for stopdump41.com as there is a large dispute ongoing in the area about a proposed site that will effect the lake due to run off.
Will this property redeem. I would guess not as locals indicated that it is elderly owners who have not been around for years. Looks like all boats, snow blowers etc are that of home owner that is not on the water. Also looks like they may be ones cutting the lawn.
Lake is shallow and spring fed so very clean. Good size lake with definite signs of potential but this area is the other side of the tracks so to say. Balance of the lake shows allot of nice properties. Long winded but hope this helps, good luck
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I am not as brave as you are. Stopped by but did not drive in because of the long narrow winding tree/shrub-shaded driveway. There are 3 street numbers at the entrance, so ain't it shared by 3 properties instead of 2?
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Correct 3 properties 1 year round residence away from the water, and 2 cottages on the water. If you want a better look, take the next driveway north into the the area, it has a sign for sale of a cottage through Prudential. that cottage is empty and one of the locals walked me around it. It sits right beside the tax property so you can get a good look. I mentioned nothing about the tax sale of course but got some good info. Property not to my taste but maybe somones.
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Hi we are new to all this but we checked out the property. Saw all the junk , pigeon coop odd junk along the roadway inn. We found out the property is very odd shaped. Sorta like 2 triangle spointing at each other. We figure all the junk is on the front wetland part of the property and the person in the year round house is parking his trucks on the porperty. As his property looks like it is landlocked from his garage to the back of his house. Looks like his trailer at the back is not on his property. Anyway the property lines and right-of-ways will be an isue
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I downloaded the tender package and further information from ontariotaxsales.ca and the property appears rectangular. Was this upon visual inspection or survey that you perceived the property to be odd shaped?
Sasha
P.S. Still have my fingers crossed and hope it doesn't redeem. At this time mutual funds aren't a good place to keep money, transferred most of my money from funds into bonds when the 'extreme' volatility started, might be a good time to buy for those that haven't bought yet. Want it in something more stable and there is nothing like lakefront, especially during the cooling of the housing market. What goes up must come down, though the opposite it true as well, and we know in realestate, market downturns are temporary and the prices will increase eventually (not sure if they've hit bottom yet). Tax sales or POS ensure purchase at lower than market value (usually).
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prices will increase eventually (not sure if they've hit bottom yet).
I don't think we are anywhere near the bottom yet, not even close. It takes a while for people to quit dreaming and smell the coffee.
You are correct , it does always correct and go back up however the people who bought in 89 , could not even break even until 2001, ( not counting the cost of money) Once you add the cost of money , they got slaughtered. I bought a house in Oakville in 2002 for 311, he paid 313 in 1989. Of course today ( or at least a few months ago ) It was worth 575. I expect to to drop to 450ish ( which is right on the 7% rule) but I'm planning for a huge upgrade so I welcome the end of this silly housing boom.( which is 2 to 3 years overdue)
I think we have at least a year away from the bottom, maybe two, but it wont be like the bargains of 90 to 95 where you could buy commercial at 20 cents on the dollar .
Market drops don't go over night and I think we will roll back to 2003 to 2004 prices and maybe even 2002 in some category's. Toronto is already at 2006 ( and thats using the Toronto Real Estate board spin doctors numbers)
The good thing about the market drops is although you may have lost 100 on your 400k home , The million dollar plus homes really tank so you can move up at a bargain. If you don't want to move up, who cares what the house you are in does as your not selling anyways, just sit it out.
Good move getting out of the mutual's. ( although I never would get in them in the first place) Now is the time to hold cash (bonds etc ) and prepare for house shopping next summer. Get ready for some real bargains in the POS market.
We are now at 85 cent dollar which will remain in that ballpark and oil will recover to about 85 and stay , which are both good for our economy (and people like Steve who bought in Florida at par) however the US is in substantially worse shape then everyone suspects and it will take Obama at least a year to even start to address this mess.
Of course all this talk on house drops means nothing to us ( taxsalers) as we are playing in absolute bargain territory and so far below market we couldn't lose money unless we are absolutely complete fools.
On a side note if any of you have watched the "money masters"....doesnt this all look too familiar?
(morning babble)
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Okay, so I ordered the tender package and took a better look at the pics. A little run down and someone painted the log cabin red and white, of course paint chips. What bulldozer??
The descripiton on the tender package state that there is an Environmental Protection Hold, though the property may be rezoned. Is that just the part that is seasonal residential to permanent residential? And, what is 1/2 lowlands (that is the note at the bottom). Does this mean I'll need plenty of mosquito repellant and swamp boots? Flooding when water levels rise? How far is the cabin from shore? Are you sure about the weird shape, on the map it appears rectangular, though they make no guarantee of the 'accuracy' of the map. It says 50 ft. frontage, does it front on the lake or the road? How much shoreline?
Getting assess value is easy with MPAC, or from the tender package, city may tell you as well, though haven't called them yet. Its over 100K. It needs lots of work, but I'll put in a bid.
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Just looked at the pics on OntarioTaxSales website, doesn't look pretty. I'm thinking the bulldozer reference is simply that this is a teardown, however I'm wondering if you could then rebuild with the lot only being 50ft wide at the maximum. A match might be the best friend to this old cottage, looks like there is no power going to it anymore as the meter has been removed. Does anyone know this lake, as far as size or depth or water quality. Didn't sound to pleasant about the junk yard on the way in either. Don't think that would be the best neighbour to have.
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If any of you guys were willing to pay a little over $55,000, you would have been able to have that Kearney's waterfront property - larger and much better.
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I'm too far away to go look at desirable properties. The 2 lots that are close to me and on tax sale are vacant lots in a town that is going downhill and too far away from major cities (Ear Falls). If I'd known that Kearney had a house on it and apparently in good shape (not just a cottage or log cabin, but a house!) and on waterfront, I'd have bid. Went on tax sale at $55,000 with an assessed value of $145,000. Someone lucked out.
Springwater just has a log cabin on it and I magnified the tenderpackage pics from ontariotaxsales.ca, paint is chipping, its run down, needs work, but okay for a weekend getaway, for those into roughing it. One of the sheds appears as if its collapsing. The note about the 1/2 lowlands, I'm sure it means mosquitoes and possibly flooding. Okay, people that don't pay their taxes usually don't take care of their properties.
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I'm too far away to go look at desirable properties. The 2 lots that are close to me and on tax sale are vacant lots in a town that is going downhill and too far away from major cities (Ear Falls). If I'd known that Kearney had a house on it and apparently in good shape (not just a cottage or log cabin, but a house!) and on waterfront, I'd have bid. Went on tax sale at $55,000 with an assessed value of $145,000. Someone lucked out.
Springwater just has a log cabin on it and I magnified the tenderpackage pics from ontariotaxsales.ca, paint is chipping, its run down, needs work, but okay for a weekend getaway, for those into roughing it. One of the sheds appears as if its collapsing. The note about the 1/2 lowlands, I'm sure it means mosquitoes and possibly flooding. Okay, people that don't pay their taxes usually don't take care of their properties.
Pictures do catch eyeballs ... anyone would like to share my trip expenses next time for the return of all good pictures or even videos? ;)
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My 12 freebies at MPAC are used up for the year. I have to pay for the information and I won't share either.
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Hi There Sasha
I don't blame you for not sharing. You have to look after yours first. Just share the problems and head aches so we don't waste time, ie toxic dump. I had no idea about the Kearney waterfront either. Another lesson, --check everything and do your own homework. By the way, re Whitby, Glen Hill property, some windows are taped shut, plastic is nailed below the window and the upstairs window was wide open. The blinds were completely closed and the hydro meter was spinning. The place looks odd compared to the neighbours. :-\
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Was in the area of the Springwater place on Sunday, so we dropped by. Chose the method suggested of going to the neighbouring place that is for sale and empty. All accounts previously on here are correct about all the junk when driving down the lane way. The old place is in pretty tough shape, interesting thought, the other cottage that was noted as being set back slightly further had smoke coming out of its chimney. It looks much like the subject property and not in much better shape. Looks like family members that built these places from logs from the property. It was mentioned before that these places had not been used in years. There were people at the year round place, it is definitely not a prize either. The cottage that is for sale may have a tough time, as the neighbouring places really bring it down. The driveway from the highway to the subject property, had a gate across that was locked. Looks like everyone uses the same access road driveway. Even if you got this place it tends to look like 1) a junk yard driving in & 2) where the property lines exist as a problem (survey yes but then probs with the neighbours) & 3) can you rebuild something or does it become a camping lot?
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Your bang on with the land dispute issue. When I spoke with the neighbour (don't know if you saw the new fence's) there is more than 1 dispute going on in this area. At a minimum of 14K, it becomes pricey for a camping lot with communal property at best.
the driveway that is unused does appear that it may belong to the cottage and could potentially be used again to get around the scrap yard but just try enjoying your own little cottage in that area with out putting up some high hedges or creating more problems with the neighbours. Only good thing is a possible purchase for resale to the current family that owns the year round residence but does not seem to own any waterfront. They may already know its up for tax sale and be bidding on it themselves.
Good luck happy bidding.
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So JMAN, I'm thinking that it is "maybe" worth the taxsale price & definitely not one of those jewels that we miss, like what I'm hearing about Kearney? All I see is a narrow lot and many future problems with the neighbours at the year round place, I don't see them as being the most congenial bunch, reminded me of something out of the Smokey Mountains in Tennessee. Same number of teeth, although my view was from a distance.
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" When I spoke with the neighbour ...They may already know its up for tax sale and be bidding on it themselves.
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Every friggin taxsale.......why not put up tax sale sign ..or even better tell everyone what you are bidding too
NEVER TALK TO NEIGHBOURS!!!! They are not your friends, they are your competition...Just so there is no confusion
NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!!NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!!
And just for good measure..NEVER TALK TO NEIGHBOURS!!!!
Lets try a Multiple choice.
When looking at tax sale property do you
A: Talk to everyone possible to ensure they are fully aware of the tax sale and your interest in same so that they can bid against you after telling you negative things in order to keep you from bidding or bid low or
B: Talk to neighbours and local real estate agents in the area as they are also a trustworthy lot who would never end run you OR
C: NEVER TALK TO NEIGHBOURS OR ANYONE ELSE ABOUT THE TAXSALE AS EVERYONE IS POTENTIAL COMPETITION
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" When I spoke with the neighbour ...They may already know its up for tax sale and be bidding on it themselves.
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Every friggin taxsale.......why not put up tax sale sign ..or even better tell everyone what you are bidding too
NEVER TALK TO NEIGHBOURS!!!! They are not your friends, they are your competition...Just so there is no confusion
NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!!NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!!
And just for good measure..NEVER TALK TO NEIGHBOURS!!!!
Lets try a Multiple choice.
When looking at tax sale property do you
A: Talk to everyone possible to ensure they are fully aware of the tax sale and your interest in same so that they can bid against you after telling you negative things in order to keep you from bidding or bid low or
B: Talk to neighbours and local real estate agents in the area as they are also a trustworthy lot who would never end run you OR
C: NEVER TALK TO NEIGHBOURS OR ANYONE ELSE ABOUT THE TAXSALE AS EVERYONE IS POTENTIAL COMPETITION
PFM.....couldn't have said it better myself....except you forgot one more thing. NEVER TRY TO CONTACT THE CURRENT OWNER...no matter how curious you are as to how they got into this situation, or well intentioned you are in our ambition to 'help them out'. Wait I think I'm going to puke... Why are we in this. Let me tell you, every neighbour that I have stumbled across when looking at a property, has shown their ugly faces at the sales...be it for themselves, or their dear brother-in-law.
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OK the gig is up. All the inbred, hill billy neighbours are paid actors that I have planted on you guys so I can come in a scoop up the property cheap.
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farrouk...I thought my plan of sticking empty toxic waste barrels around was good....but paid actors..very tricky. I ,yet gain, am found to be inferior
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If the neighbours know about this tax sale it is as good as sold. This one is one of those properties that would be worth the minimum plus 10k at the most. It will never be more then a glorified camping site, you will not get permits to build on that lot, my guess is that the property was built without permits back 20 years ago when they did not matter. For those that are bidding, really look into the "right of way" disputes as those are deal breakers and make this property very hard to sell for a quick flip.
Folks, it has been said before, never talk to neighbours or owners, you are just doing yourself and others a huge diservice, were all in this too win.
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So let me ge this straight.... talk to as many neighbours as much as possible right... Please...., Your point was made, but for those of you who are like me and have half a brain in your head, if you do end up talking to someone "NEVER" mention tax sales...are we all clear (CYRSTAL). This I felt was a unique area that has multiple properties up for sale and direct questions were only asked about those properties with some general questions about neighbours. Does this meet with your approval... oh wait I really don't give a crap but keep up the rants, its good for the blood pressure.
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JMAN, I don't think that these posts were all directed towards you. The truth is that in most of these small town tax sales are common knowledge to the locals. Even if they are not, the amount of increased traffic with people stopping to take pictures etc.. will generate enough interest to investigate. I would say that in 80% of time, most tax sale properties are only of value to the neighbours anyway.
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Guys and Gals
There are obviously many interested in this property.
Here's why
Relatively close to the centre of the universe (Toronto)
Lots of people trash talking the property
Twinn1 states its not worth more than $24,000 (good luck with that bid)
Every bango playing neighbour has been alerted and they are all pooling their disability cheques for a bid.
No one will get a deal here, and someone will over pay badly for this one.
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Farrouk, I am NOT going to bid on this property for the reasons that I already mentioned.
In my opinon its not even worth 25k, but thats just me. My theory on this one is that it is not sellable with a realtor for resaons unknown(junk on land, zoning, land disputes etc..) and the owner would rather let it go at tax sale knowing they will get more then with a realtor. Just a theory
We are all looking for something different, me, I want a nice piece of land that I can build a cottage on, some others are looking for a permanent campsite, other are looking for a huntcamp etc... As for value, cottage prices are coming down, go to realtor.ca, type in recreation and put in up too 100K, lots of choices out there. Even in the 0-50K range there are a ton of cottages available at Sauble Beach(land lease) but they are still rentable unlike this gem.
Pro's
Close to Toronto, ideal location for a quiet cottage, its on a small lake, great for canoeing in summer,snowmobiling in the winter
Waterfront
Already has exsisting structure
Property can be used with minimal work-no logging or permits required to use
Con's ( I did not visit the site or buy the info package, this is based on user comments on this board)
Zoning and weird land parcel make building on this one very questionable(envirmental hold and setback from the lake are what you should be looking at)
Lots of garbage on property
Right of way dispute (questionable as it is second hand info, if you are bidding you better look into this)
Proximety to neighbours means this is not a very private setting
Like anything this parcel is worth what ever someone is willing to pay, it will be interesting to see how much it goes for.
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Hey, you guys are beginning to sound a bit like my kids. Personally, I wouldn't go near it for all the reasons cited. There are cases when people have let properties go to tax sale in the hopes of getting more than market, and this certainly looks like one of those. A few years ago there was one on the French River that was on MLS for $80k, and it went for over $100 on tax sale...weird.
good luck with it
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Inbred hillbillies? Banjo playing with their disability cheques? Hey, if the disability cheques are from an insurance company then they might come up with quite a bit, if its government, then it may go for 25K.
I live in northwestern Ontario, no they are not paid actors, just hillbillies, many with hunting rifles. Plenty of lakes in this area, but not close to any major cities. Who wants to drive more than 2 hours on a Friday to go their cottage?
What is the asking price of the cottages around it?
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A few years ago there was one on the French River that was on MLS for $80k, and it went for over $100 on tax sale
That is no different then Power of Sales . They always go over market as the banks ask way over market to prevent litigation and idiots see the price and "Power of Sale" and just pay as it is a deal. These people dont renovate, dont pay their mortgages and get way over value for their house because of idiots. Same applies to auctions of anything.
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Is anyone having trouble with MPAC? About my property will only give me information on properties in my municipality, so I tried Propertyline and had to pay. I purchased a Detail Property Report and didn't get much info. (not as much as we used to get before the changes), property was built in 1930 and is 855 sq. ft. A log cabin built in 1930, wow and its still standing?
Property values are declining in Toronto and areas around, I'm bidding, but no very much. If I win, I shall rebuild.
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Is anyone having trouble with MPAC? About my property will only give me information on properties in my municipality, so I tried Propertyline and had to pay. I purchased a Detail Property Report and didn't get much info. (not as much as we used to get before the changes), property was built in 1930 and is 855 sq. ft. A log cabin built in 1930, wow and its still standing?
Property values are declining in Toronto and areas around, I'm bidding, but no very much. If I win, I shall rebuild.
Yeah. And it seems that you can't search by roll number any more either. That sucks 'cause most of properties up for tax sale do not come with / have municipal address but roll number.
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I think the new system will only let you check your neighborhood.
Do you know if that bulldozer runs?
The scrapyard I was trying to buy in grey was redeemed today.
Propertyline is ok but none of the older properties are updated.
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"Don't hold your breath Sasha. The place will redeem . It was only bought ten years ago and the pictures show it is definitely still being used"
Lot was redeemed
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"Don't hold your breath Sasha. The place will redeem . It was only bought ten years ago and the pictures show it is definitely still being used"
Lot was redeemed
Some people just like to rub it in whenever they can.
Don't feel bad Sasha, it's happened to me at least a hundred times already....that's the way the square ball skids.
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Thanks for the update.
I have just given out the lay off notices to all the actors I have been employing for the last month.
PFM you will have to come and pick up those toxic waste drums you left here.
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Once again, if its too good to be true, it usually is. I still have hope, since I did luck out once and though everyone thought it was too good to be true, it was true. :'(
You never know, from this site, I've seen properties that have been cancelled (redeemed?) only to reappear a year later.
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Once again, if its too good to be true, it usually is. I still have hope, since I did luck out once and though everyone thought it was too good to be true, it was true. :'(
You never know, from this site, I've seen properties that have been cancelled (redeemed?) only to reappear a year later.
When they are cancelled, only to reappear a year later, it is usually because the owner has come in and made convincing arguments (usually with his Councillor, or the Mayor at hand) that he would be true to his word and pay up...there is a two year extension agreement that can be negotiated. However, when he defaults again, the wheels are back in motion. Either that, or someone at Town hall suddenly becomes aware that there was a screw up in terms of notices to lien holders, and they cancel the registration, but immediately re-register and a year later it is business as usual.