Ontario Tax Sale Property Forum
Sheriff Sales / Foreclosures => General Discussion => Topic started by: DRD on January 21, 2011, 04:10:16 AM
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Has anybody seen this? what is/was the building used for?
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Was a schoolhouse from the 30's (to replace previous bldg destroyed when entire town burned down).
Now a "factory" called Blackbridge Woodworking.
Hope this helps.
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In addition to the photos available on OTS, please see these 27 photos taken in 2010:
http://www.flickr.com/photos/carolefuroy/sets/72157624193885021/
P.S. I believe it is formally Black Bridge Woodworking (Inc.)... This company has a website... www.blackbridgeonline.com.
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P.S. I believe it is formally Black Bridge Woodworking (Inc.)... This company has a website... www.blackbridgeonline.com.
I have bought their product many times and recently this year. Odd to see their name come up here. I assume they are still around as a web based company.
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thanks to all
Has anybody been there lately... how is the structure?
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P.S. I believe it is formally Black Bridge Woodworking (Inc.)... This company has a website... www.blackbridgeonline.com.
I have bought their product many times and recently this year. Odd to see their name come up here. I assume they are still around as a web based company.
I just called their toll free number. Yes, they are still running the online business.
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:'(Usually big business walk away from properties when the Feds put big lein sum$ on title. Does anyone know, if and when property has a fed lien, can the government go after the new purchasers bank accounts and other properties held?
What if there is $10 million Fed Lein and the new owner--uses the lands and ignores the lein? :-*
Note: I'm I correct,the only lein registered can NOT be removed by the municipality is the Fed's? ???
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looks like the house from Texas Chainsaw Massacre .... Happy bidding !
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Now a "factory" called Blackbridge Woodworking. I just called their toll free number. Yes, they are still running the online business.
Another sign of the times. They are lucky they can continue as a online company. Manufacturing has been hit hard in Ontario and I don't see a turn around anytime soon. I bet those space balls they are selling are manufactured off shore. So the lesson is 'close the shop and start importing'. I like to think I am not a protectionist, but I have found I am always checking to see where things are made. I know.... my next TV will have been made half way around the world. Is there a choice?
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It appears that this building was converted to apts by the sign at the front door. OTS states that it can be re-zoned and there is a stucture but not a cottage or dwelling. The premises is almost 7 hours from Toronto and almost next to Quebec.( Northern part of Quebec--juts in West, Just shows you how stupid English Canada was and did give large part of northern canada to please the French.
I recall checking out a Hamilton premises to find out,before the sale--no bldg on lot--it disappeared due to the city demolishing it and then putting it up for tax arrears. Map googling an address can mislead--most of the time-- is not the exact location of the house searched.
A buddy of mine just got zapped by trusting OTS.He was successful in buying two worthless vacant properties in Napanee. One of them he mistook there was a dwelling and bidded accordily. Planning department told him that there were no Pin #/Tax roll # outlines of Napanee properties. After he attempted to oust the supposed occupiers,police called. After contacting the Napanee Planning department along with the police---Plan did exist--showed the lot as vacant and worthless and can not support a permit for a house--The new owner mistook he was buying a house on a lot.
My advice to all--go first to MPAC office--they have the lot plans--all you need is the Tax roll number. Then go to the city and demand a layout of the lot tendered. Sad that some townships,include in the package. areial and lot outline--what you are bidding on. Napanee has suckered this guy royally. Just imagine how crocked--$14 + only for a bidding form and a 10 cents envolope :'(
Help--does anyone have a package kicking around from OTS members only, regarding the recent Napanee sales. Much thankfull if you can send it to me--if there is a cost--no problem( Did OTS give a actual address number?)
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Are these from the Napanee sales in October? If you could post the PIN #'s I can verify but if they are from the 3 sales that show on this site from the October 28th sale, a quick search shows them all as being vacant residential land. Your friend might want to find a friendly REALTOR who can do some quick searches on Geowarehouse for him.
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Les:
Did OTS list the Napanee property as having a structure or house or otherwise represent that it had a building on it? If so, your friend should talk to a lawyer.
Charlton and Dack is too far for my dream cottage but I did review the OTS listing. It seemed odd to me that the information about the property was that there is no house or cottage on the property but that there is another structure on it. I thought at first that the house in the photo must be behind the property that is being sold. However, it may be that OTS and/or the municipality describes commercial/industrial buildings as "structures".
I guess the moral of the story is that you should conduct complete due dilligence on all properties, including those featured on OTS. OTS is just one resource that bidders should look at. There are lots of stories out there (including an island with a cottage on it!) where municipalities have made an error in mapping the property at issue. Your friend is not the first bidder to purchase one property thinking that he had purchased another.
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Charlton and Dack is too far for my dream cottage but I did review the OTS listing. It seemed odd to me that the information about the property was that there is no house or cottage on the property but that there is another structure on it. I thought at first that the house in the photo must be behind the property that is being sold. However, it may be that OTS and/or the municipality describes commercial/industrial buildings as "structures".
I guess the moral of the story is that you should conduct complete due dilligence on all properties, including those featured on OTS. OTS is just one resource that bidders should look at. There are lots of stories out there (including an island with a cottage on it!) where municipalities have made an error in mapping the property at issue. .
The bottom line is we are buying property as is which means buyer beware. Personally I don't touch industrial properties because of the risk of environmental contamination and I have certainly come across municipal mistakes on property before both in listing information and location. Some of them work against you and some of them can work for you.
What I am concerned about Les's friend is that that he apparently did not use the 2 week period to do a full and careful due diligence. Before you put up your 80% make sure of what you bought. Speaking from personal experience I have certainly had enough problems with uncooperative municpal officials before the bids are due especially in some rural municipalities.
My experience is though that once you are the winning bidder that changes. I have always had good cooperation thereafter dependng on what information is available. Not all information is is accurate or good at muncipal level.
OTS Jeff or anyone is only as good as the information they have or are provided with. I have been involved with tax sales less then two hours from Toront where Planning and MPAC did not agree. In this cases I am careful.
Long term I expect I will have to walk away form my 20% sooner or later. At that time I will have to face the music and I don't even have this guys defence; >:(Don't hit me I am wearing glasses.) Her cast iron frying pan that bakes five pancakes at once is heavy.
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I don't even have this guys defence; >:(Don't hit me I am earing glasses.) Her cast iron frying pan that bakes five pancakes at once is heavy.
Dave...I'm not sure I get your drift here...what the heck are earing glasses? 8)
I believe that netpred is correct, the property is zoned Industrial, and has a building, but it cannot be considered a residence at this point, even though it may have at one point been occupied as appartments, but it is in fact a structure. I would be concerned when I see a building that is vacant and in that condition, that there would likely be a lot of water damage inside, and therefore be a total gut job inside and out...probably better to start fresh. Speaking of fresh, if you tear it down, and want to rezone it will they let you without a full environmental assessment...being a woodworking shop, and finishing cabinetry with lacquers and paints, it was common practice to just toss this stuff out the back door thinking it would evaporate. Bottom line, in that area (way too far north), is the property worth the taxes owing...which have accumulated over a number of years on a highly assessed and taxed Industrial property?
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Bid on a property last minute and blind last year in Ramara trusting their paperwork. I won and during the 14 day period found their paperwork was wrong, believe it or not they made right and gave back my 20%
So please learn from this, but I believe most towns want to do the right thing.
Doug
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I don't even have this guys defence; >:(Don't hit me I am earing glasses.) Her cast iron frying pan that bakes five pancakes at once is heavy.
Dave...I'm not sure I get your drift here...what the heck are earing glasses? 8)
Frank:
A true event like what we are talking about here is probably an interesting comment on this whole situation. In my case being unexpectedly called to my front door and not having time for a proper edit leads to total confusion as the addition of the letter W does change the post.
For some reason when I found out that the person at my front door was in from Toronto looking for a building lot my normal priority of giving you guys (and girls) my total attention changed for some reason. ;D
I think this whole situation is an interesting comment on the danger that the changing landscape caused by OTS , google earth etc is causing this business. The increasing pressure of competition means we have to make decisions faster which increases the risk in ways we don't always appreciate.
So far personally I have been lucky not to get burned (though I have come close (see historical posts what happened to me on a sale when the bid documents got mixed up.)) , sooner or later I expect I will have my own problems.
One of the more interesting issues as well is how much you want to bet on a single property. I don't have the experience of some of you old timers here so still feeling that one out. I just wish I had your luck to have a mild mannered boss as I hear they are from her part of the world. You don't want to experience how tough they can get from the part of the world mine comes from.
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I think this whole situation is an interesting comment on the danger that the changing landscape caused by OTS , google earth etc is causing this business. The increasing pressure of competition means we have to make decisions faster which increases the risk in ways we don't always appreciate.
I just wish I had your luck to have a mild mannered boss as I hear they are her part of the world. You don't want to experience how tough they can get from the part of the world mine comes from.
Dave
You are quite correct in your comments regarding the increasing ease of obtaining bid information. Which is of course changing the way we do our business...an old adage comes to mind, 'if you can't stand the heat, get out of the kitchen'.
And as far as mild mannered bosses, you are far from correct. Mine is of Hungarian heritage, and they can squeeze blood from a stone. 8)
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And as far as mild mannered bosses, you are far from correct. Mine is of Hungarian heritage, and they can squeeze blood from a stone. 8)
Actually I have very favourable memories of my only visit to Hungary in 1988 when the country was just opening up. Remember very vividly when we crossed the border from Austria with my wife who was still traveling on her Finnish passport. They looked at hers for about 30 seconds and waved her through. They were very suspicious about my Canadian passport.
Beautiful trip as we were guests of friends she made when she worked there for a year in the early 1970's. Finland was one of a very few non Communist countries allowed to do it at the time.
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Bid on a property last minute and blind last year in Ramara trusting their paperwork. I won and during the 14 day period found their paperwork was wrong, believe it or not they made right and gave back my 20%
So please learn from this, but I believe most towns want to do the right thing.
Doug
Just so you don't go in blind on this one...there are three Crown liens registered against the property/owner. Don't get caught with your pants down. 8)
Building is a shambles...and contrary to the legal description - the property doesn't go right to the river...there appears to have been pieces severed in the past, in addition to the 60 ft shoreline road allowance. Could possibly be severed into about 6 lots, after much paperwork and cost, but what does a lot go for in that area, and is there any demand.
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Thanks Frank
Going in blind is not something that i normally do, but you have to gamble sometimes.
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I believe that it went today....does anybody know what it sold for? if it sold.
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I believe that it went today....does anybody know what it sold for? if it sold.
bid opening is at 3 today...long drive, so you'd better get a move on. 8)
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No any bids received for this property.
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Thanks....could have picked up for min, my style
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Who would want to buy it with three crown leans registered on the title of this property.
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:-\ "Who would want to buy it with three crown leans registered on the title of this property." ????
Surely not this one!
However,last fall a truck/Car repair shop--on going business had a crown lien of $425K.Tax arrear sale were under $45K
My thoughts were--No big deal, buy the place and rent the place out at $2-4k per month and pocket the money (minus Property Tax). Crown tax can stay all it likes :-*
P.S. second thoughts--what if the government gets wise and slaps the liens on my home residence? Ouch!
Any expert on Crown liens? ???
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Who would want to buy it with three crown leans registered on the title of this property.
To be honest I don't understand the boards interest in derelict industrial buildings. I stay away. You are just asking for trouble let alone the crown liens.
There are much better opportunities available you just have to do some digging. Everyone expects that OTS Jeff will hand it to you on a silver platter and then bitch when there is competition.
I for one would go after opportunities like Kirkland Lake. Note I have not done my legals.
I have too much on my plate to go after it myself. For the would be landlords in the
group the town is completely out of rental space. Note picture is 18 months old.
There are also some private residences available for which I have photos but there is too much meg for the board to handle. For a few cold ones you can PM me. for copies.
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Most of property tax arrears are dog's breakfast :-* and not only industrial properties.It is shamefull for folks on this site and the hungry money undertakers at OTS and worse the townships who do not reveal crown liens or totally sterlized conservation lands or lands being too small to get get a septic permit.Most of Conservation lands are so restrictive that the owner is only allowed to walk on and pay taxes. Check out the recent Brock OTS listings
ontariotaxsales.ca/nc/upcoming-tax-sales/featured-properties/single-property/pruid/1802/TSuid/439/pBack/78.html
Shamefull--be cautious {:^(
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Most of property tax arrears are dog's breakfast :-* and not only industrial properties.It is shamefull for folks on this site and the hungry money undertakers at OTS and worse the townships who do not reveal crown liens or totally sterlized conservation lands or lands being too small to get get a septic permit.Most of Conservation lands are so restrictive that the owner is only allowed to walk on and pay taxes. Check out the recent Brock OTS listings
.ontariotaxsales.ca/nc/upcoming-tax-sales/featured-properties/single-property/pruid/1802/TSuid/439/pBack/78.html
Shamefull--be cautious {:^(
Every once in a while (but not too often), Les says something intelligible and intelligent.
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Most of property tax arrears are dog's breakfast :-* and not only industrial properties.It is shamefull for folks on this site and the hungry money undertakers at OTS and worse the townships who do not reveal crown liens or totally sterlized conservation lands or lands being too small to get get a septic permit.Most of Conservation lands are so restrictive that the owner is only allowed to walk on and pay taxes. Check out the recent Brock OTS listings
ontariotaxsales.ca/nc/upcoming-tax-sales/featured-properties/single-property/pruid/1802/TSuid/439/pBack/78.html
Shamefull--be cautious {:^(
What do you folks think about this one, is it also not buildable:
ontariotaxsales.ca/nc/upcoming-tax-sales/featured-properties/single-property/pruid/1810/TSuid/441/pBack/78.html
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It's back !!!
Back in January it was listed as "Minimum Tender Amount: $ 35,268.73"
and now it's only "Minimum Tender Amount: $8,268.14" -- just because OTS Jeff is involved ???
Can any one of the more experienced regulars please inform us of why the muni would reduce the minimum by more than 75% ? ? ?
I mean, did $27k in taxes or expenses (or whatever) just vanish into thin air ?
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I have no idea. There are only two explanations that I can think of. First, the taxpayer may have made a partial payment (highly unlikely). Or the municipality made an error in price the first time (more likely).
As an aside, the municipality cannot accept a tender below the actual tender price even if it wants to. It can only take less if it takes title and then sells the property after a tax sale with no valid tenders. But it cannot accept less on a tax sale.
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MPAC may have changed assessed value retroactive.
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MPAC may have changed assessed value retroactive.
I doubt it. If this is how it is, I am sure there will be legal issues. The owner could argue, I didn't pay tax over last x years because it was taxed too high; if tax were this low, I could have paid it so the property wouldn't have gone taxsale in the first place; now I am broke, I can't pay the tax even this low ...
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As an aside note, I do think some of taxsale properties we have seen shouldn't have gone taxsale had those owners cared enough to "negotiate" lower MPAC values for lower taxes.
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My bet is that a city employee tried to get market value last time, instead of taxes owing..Im sure thats what kingston just did . It would not be the first time a small town employee gets "smarter" then the rest of us
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My bet is that a city employee tried to get market value last time, instead of taxes owing..Im sure thats what kingston just did . It would not be the first time a small town employee gets "smarter" then the rest of us
highly unlikely...it was probably an error in advertising.
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four of the properties I have bought in the last two years have had assessed value increased three to four times their value a year or two prior to sale.... where does this come from? could the governing body not put back to origional assessed value to sell?