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 1 
 Tax Sale Forum / Announcements / Re: Re: Dysart et al - large waterfront
 on: October 26, 2019, 06:00:25 PM 
Started by Dave2 - Last post by Dave2
Agreed with Dave2, once you visit property you realize it?s not worth it. Also city commitment for not to let you build. Most of lot acreage is above 10m of water level. More then half of property is above 50m of lake water level. This property had many challenges including access. According to my observation access may cost up to $200k ( gravelled only). Survey shows there was applications submitted to city several times(x4), no building permit was issued (this changed my interest in property).

My estimate was even higher making a total cost over Half a million (they don't call this area the Haliburton Highlands without a good reason).    That is not a tax sale buy but full market cost although there may have been timber value  even though the aerials showed evidence of previous logging.    Anyone know who bought it?    Local lumber company?   e.g. the McCraes

The restrictions on property use also continue to grow as municipalities are increasingly enforcing MDS rules (minimum distance separation rules) which mean 200 metres or less to a working farm (usually from the barn) you cannot construct a new residential dwelling  irrespective of the zoning. On this one I wonder how many people checked out if you could get permission to construct a cottage if the lake had any carrying capacity left available.  I did and it was okay but there are a whole bunch of lakes in this area which you cannot.   

 2 
 Tax Sale Forum / Announcements / Re: Dysart et al - large waterfront
 on: October 26, 2019, 10:06:12 AM 
Started by Dave2 - Last post by Jack
241 238 251 275 200 235 252 and Dave2 there were 3 tenders withdrawn so maybe more over 200k

 3 
 Tax Sale Forum / Announcements / Re: Dysart et al - large waterfront
 on: October 25, 2019, 05:58:19 AM 
Started by Dave2 - Last post by Dave2
Anyone attend the bid opening. Curious if the winning bid was a one off high bid or there were a number of higher bids say over $200,000.

 4 
 Tax Sale Forum / Announcements / Re: Dysart et al - large waterfront
 on: October 23, 2019, 07:09:02 AM 
Started by Dave2 - Last post by Thind
Agreed with Dave2, once you visit property you realize it?s not worth it. Also city commitment for not to let you build. Most of lot acreage is above 10m of water level. More then half of property is above 50m of lake water level. This property had many challenges including access. According to my observation access may cost up to $200k ( gravelled only). Survey shows there was applications submitted to city several times(x4), no building permit was issued (this changed my interest in property).

 5 
 Tax Sale Forum / Announcements / Re: Dysart et al - large waterfront
 on: October 22, 2019, 10:48:54 PM 
Started by Dave2 - Last post by RyanMckenzie
Thanks PFM

 6 
 Tax Sale Forum / Announcements / Re: Re: Dysart et al - large waterfront
 on: October 17, 2019, 06:17:18 PM 
Started by Dave2 - Last post by Pfm1011
There was a notice of pending litigation on the property, does this survive a tax sale, and is there a way to find out what it is for/if it is still valid or was ever settled before bidding without a lawyer?

Does not survive 

 7 
 Sheriff Sales / Foreclosures / General Discussion / Is this the Never Ending Tax Sale?
 on: October 15, 2019, 06:40:22 AM 
Started by Dave2 - Last post by Dave2
One of the frustrations of this business is Tax Sale cancellations by the municipality because it wastes a lot of our time and money.    The worst case I have ever seen has just come up again.   333 East Avenue  Pin 17187-0039 Roll 03021605960 in the City of Hamilton.    This property was first listed for tax sale in 2012 and this is the fifth tax sale it has appeared on.   It is a single family house in an area that is being rapidly upgraded.   it does not take 5 times to sell a house through tax sale and why they keep cancelling is beyond me.   The houses right next to it have been demolished and replaced by new modern homes.   The property was shown as vacant in 2015.  
Tax sales it was previously on were in 2012, 2014, 2017, 2018 and today 2019.

Needless to say the minimum bid price keeps escalating.   In 2012 it was $22,000 and change and has tripled in the interim to this tax sale.    Anybody have an idea what the heck is going on?  

BTW this is not the only repeat tax sale property on this tender but I can understand that a property appears twice as the municipality tries to work out an arrangement with the taxpayer that does not work out.  Obviously the municipality does not appear to want to take possession and maybe we should be cautious about buying this one on East Avenue.  Particularly around Halloween time.

Redemptions I don't like but are a necessary evil in this business.

 8 
 Tax Sale Forum / Announcements / Re: Dysart et al - large waterfront
 on: October 11, 2019, 11:03:47 PM 
Started by Dave2 - Last post by RyanMckenzie
There was a notice of pending litigation on the property, does this survive a tax sale, and is there a way to find out what it is for/if it is still valid or was ever settled before bidding without a lawyer?

 9 
 Tax Sale Forum / Announcements / Re: Dysart et al - large waterfront
 on: October 11, 2019, 08:05:11 AM 
Started by Dave2 - Last post by bee
Looks like will not be ever subdivided, all previous applications denied. Also big river divided lot in half, making hard to access west side. No river will be touched with in 30m.

You can find the proposals and staff reports for each of the more recent applications brought forward at Council on the municipality file sharing site using the following link:

https://haliburton.civicweb.net/filepro/documents/41873

 

Below are the application file numbers, proposal type and the year they were proposed:

 

-          D00DV1990OCT ? unknown - 1990

-          D00SV1995FEB ? Severance proposal ? 1995

-          D07CD2000SEP ? Condominium proposal ? 2000

-          D00SV1992045 ? Severance proposal ? 1992

-          D00SV1990053 ? Severance proposal ? 1990

-          D00SV2003SEP ? Severance proposal ? 2003 (deferred decision)

 10 
 Tax Sale Forum / Announcements / Dysart et al - large waterfront
 on: October 10, 2019, 06:42:35 AM 
Started by Dave2 - Last post by Dave2
top bid $275,000

47 bids

Looked at it closely but one of those cases where a site visit changes your strategy.    The cliff close to the water made waterfront building difficult because of setback rules and road construction expenses were going to be too expensive even if you could solve bad weather driving problems on existing road with its high hill to the south.   Tough to say if good value or not.  I am reminded of the old saying "It is easier to get into a swamp then out of it".  This was one of those properties that if you wanted to do something with it access expenses alone could easily exceed the winning bid value.  

Cliff problem did not show up on documentation unless you had topographical maps and reinforced the need for a site visit. Nice early fall day for a visit.    
 
 Pity certainly beautiful Haliburton property.

Any other comments from other bidders?  

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