Ontario Tax Sale Property Forum
Tax Sale Forum => Property Information => Topic started by: worldjohn on August 21, 2009, 01:58:20 AM
-
At first few glances this looks like one of the best properties that has come up for tax sale. 277 acres and lots of lake and road frontage. The assessed value is $355,000 and I'm guessing that if it doesn't get redeemed it will go for an amount above what I could bid on alone.
I'm proposing that 2, 3 or even 4 of us join together to put a decent bid together. A simple contract should suffice. This looks easily sub dividable with plenty of land and profits for all involved.
-
Watch where you walk...Rattlesnakes ;D
You are dreaming if you think it can ever be divided as I am sure the park will claim the lake cant support additional cottages ( which is probably correct as it is a tiny lake (around 50 to 60 acres). I can assure you the other cottagers and the federal government will fight you like crazy as the lake is already overbuilt and half is now in the park. The value of this piece would have been if the lake was private ( at least then you could jetski on it ) ( its a no motor lake ( pond)and that will never ever change)
Im betting even getting a building permit will be fun as the park will definately have something to say to "help you with your layout" but you will get permission, just bet on a extra year .
As per the value , The piece adjacent to it which is 255 acres and doesn't have a public rd severing the lot. ( access via hope rd ) it sold for 56K in 1996 ,which makes it worth around 140 today. Its been for sale for over a year ( at a dreaming price) In addition to the lake front It has a stream and a small pond .
I think this may have value for your own use but not as a business deal ( as long as you don't want to use a jetski and you want to canoe on a non private lake with 25 strangers plus the renters)Don't even think about outside speakers on your deck
non lakefront acreage up there is worthless, trades at under a couple hundred an acre
Subdivided the lots aren't worth much as this is the Bruce which is substantially cheaper then cottage country. Alot of the lots on the farside haven't built yet and that's 25 year old severances ( PRE-PARK). Go to MLS and you can get lakefront building lots on real lakes for 50K ASKING (MLS?: 415729 or http://www.davismclay.com/ (http://www.davismclay.com/) )
Don't forget this is over 4 hours from toronto (Huntsville is 2 , Parry sound 2.5) and there is nothing for miles unless you consider Lions Head to be a fine dining area
Don't go by the assessed as with all tax sales , no-one is appealing the value since you aren't paying anyways
And of course all is mute as this will redeem , especially since its a 6 week notice
-
I spoke with the planning department the other day about this property. (They must be getting a number of calls on it as they have a PDF package that they will email out to anyone interested). To sum up the package, it clearly states that the lakefront cannot be subdivided into lots and sold off as the lake is already overbuilt and would not be able to handle more properties. My next thought was that many acres would be valuable to log. However, using google maps it would appear that the area was logged out at one time and my guess is they took all the good maples out, leaving little value to the land. (Although i have not been up to look at it).
-
Anyone know how a rural property with no servicing assessed at $355k can accumulate $47k in taxes in four years? What gives with the Minimum? Town wouldn't tell me what the annual taxes were.
-
Its not 4 years, it can be much more. additionally the actual tax would be less then half and then they add all the costs , advertising etc. I think Ontario tax sales charges on a contingency basis.
I talked to the town , Ontariotaxsales.ca will be posting the zoning package today or monday..so lets not bug the town staff
-
Annual taxes on the property are available through the mapping on the District Web-site. However, don't let that fool you, the taxes have probably accumulated for 10 years before they finally registered the property for arrears.
So you think you can put in a subdivision (I kind of thought that at first, but then on further investigation decided that it would not be possible)....let's see, it is zoned agricultural, ...designated as County forest, ...and next to a significant Provincial park, ...on a 'pristine' lake (another term for canoes only). The property can likely be divided in two as there is a road that traverses it, however the one portion will not have lake frontage at all...only a view of it from the northern portion. The second property is on the south shore of the lake...cottages are preferred on the north shore as people like to sit on their deck and drink brown pop in the glory of the sun...not possible on the south shore. The guy bought the property in 1916 and is likely deceased...if he has relatives they may redeem it, but there is that chance that none exist or are aware of the property. It may be a large property, but really it is a single cottage lot which should go for about $50, let's say $70 for the additional land, and let's say $30 for the non-frontage lot to the east....market value of $100 total...tax sale, should not yield that much since if you were buying it under normal circumstances you would do it on condition that it can be split...hence it should only fetch $70, max....let's see what happens.
Also, as pointed out, this is not prime cottage country. It is at least four hours from the GTA, and the Bruce is not known for its significant number of rain/fog free days...it is in the middle of two rather large bodies of water.
Assessment can be significantly reduced if you take the time to have it redesignated as a 'managed forest'...you have to hire a forestry expert to develop a five year plan, and that has to be repeated every five years...so some of the savings are taken up by that expense. 8)
-
Excuse if there is repetition..I was scribling this while frank wrote his much shorter version, I never even thought about the south side problem..
I went up and took a look this all weekend..4 hours plus.. .. I did drive through Durham and seen the damage.. not something one would expect when you send kids to daycamp.. There but for the grace of God ...
Now for my trip
The first 100 acres is just 100 acres of crap bush No different then anything I can get 3 hours closer for next to nothing. No stream, lake or pond. Some old car parts and crap dumped but nothing to worry about .I'm not a forestry guy but I'm guessing the trees are 30 or so years old. If thinned out I would think you may have timber in 20 or 30 years. after you spend a pile on the managed forest plan to reduce the taxes. So essentially its worthless crap halfway between Lions head and tobermory..Let a local have it for the min
The larger piece is different. Its not a bad piece however the lake is very small , more of a large pond really . Small enough that you can hear people talking on the farside ( no ambient noise ) Half the lake is cottages . according to the zoning map the last 3 pieces have an H on them so you are dreaming about any subdividing ever. (zoning map 37) Its OK for canoeing but would get real boring real fast and you cant jetski to break the boredom. I guessing a radio will get you complaints.
As per the forest question. Someone is actively harvesting in the forest and maintaining the driveway so I'm guessing its the owners kids picking out what they can. . Its also 30 to 40 years old and overgrown so completely choked . pines cedar and birch around 6 to 8 inch max ( most are 3 or 4) Forest will need major management to ever yield revenue as a forest and I bet you are ten to 20 years from first revenue.
The area we went to near the lake is used as a local party spot and someone has been nice enough to leave an old fridge. and a rotted out pickup Judging from the trails we seen and the aerials I'm guessing there will be more crap and junkers around but nothing huge. The bonus is there are some trails on the property. Bad thing is all the good trees have been chainsawed I'm guessing.
In order to build a house you will have to carve a new road into the forest as the existing "driveway" doesn't get you far enough in to get away from the road noise ( mind you don't expect much when there is only 20 or so houses presently) . The road does have hydro there so this is a bonus so you are only looking at 5 or 6 hundred feet of run.
Location on this really hurts .. Tobermory is literally at the end of the earth. The whole North Bruce peninsula population is 3900 . That is probably close to the population density of iceland .. So when the tourists leave in the fall ..expect to live in a scene similar to "the shining"
Apparently there is only one or two restaurants in the winter so any real needs in the winter is an hour to Owen Sound ( nearest hospital , apparently there is a nurse in Lions Head)
The population has only gone up from 3600 to 3900 in the last decade so despite local realtors claims..its far from booming
The town is nice , clean and not loaded with tacky tourists attractions and waterslides. It is really a tree hugger haven, hikers, divers etc.. People are nice, and don't wear lumberjack jackets and drive rusted out pickups. Didn't see any "white trash" The water is Crystal clear , there is around 4 or 5 restaurants, 2 or 3 small bars, , a small foodland and a few shops. Apparently over half of everything closes after September
This is not like Collingwood, Bobcaygeon or Muskoka where there is alot of activity even in the winter.you are screwed come winter and even summer I think the town can get thin fast unless you put a sailboat in the harbour (25 minutes) This is definitely a "get away" and maybe too much so.
Real Estate: Every second piece of land up there is for sale but the sales reports don't show alot moving. Lots of absolutely stupid asks 13 acres on Hay Bay ( mostly swamp) , bought in 96 for 19K asking 550 today. ( private obviously)..225 acres on shouldice is in the window ( really faded in the north window at 395, Bought 1995 for 56, Even the agent must think its a waste of time since its not on the mls)
Long and short: I would not bid this blind and would seriously think about this before bidding any substantial amount. It is absolutely not a good business move as a investment unless you get it for min ( not happening) It may be a good one for your own use but the lake will get boring real fast..
Mind you this is all mute as this may redeem since the owners kid are maintaining the driveway.. but dispite the eight hours driving I was glad I went up to see the town.
-
Thanks to Frank and PFM for the info. Great job guys. Obviously the two of you are not bidding. I am taking a pass because of the distance.
My real question is what's the over/under on this one? I'm betting over 100k. Any takers?
-
Everything in Bruce county is overpriced. As soon as I saw the location for this I did'nt bother researching it more. PFM1011, I could have saved you the 8 hour drive.
I ride my motorcycle up that way quite often, not to many great areas, mostly small lakes and a lot of useless bush land. I know a few locals up that way and if I had a dollar for every time I heard that this is the next muskoka (grey bruce county) I could retire and live well today. What Frank said about the weather is true, its always colder up there and it gets a lot of rain. In the winter, you better not have anywhere to go because the roads get closed all the time when it snows.
I wouldnt even buy this for minimum, no use or potential and its way to far out there. Hwy 6 is always busy.
The property market is dead up there, I know people in the larger towns out that way, Wiarton, Owen Sound, Chatsworth, that have been selling their homes for over a year with no offers. Everyone still has this mindset that the rich city folk are going to buy there worthless "hobby farms". The employment situation is really bad there as well, I know within the last year, 3 factories have closed in Owen Sound.
A lot of land that way is priced as prime agriculture (per acre) but its anything but prime. Its a nice place for a cottage but not at today's asking prices. For anyone bidding on this, wait until the last few days to submit, it might be redemed. I know that a few years ago when they had tax sales almost all of them got redeemed.
-
My real question is what's the over/under on this one? I'm betting over 100k. Any takers?
I thinks it may be worth abit more then Frank says so Im going for over.. I dont think we will see a bargain as the 6 weeks means everyone on the planet will see the listing
-
Thanks to Frank and PFM for the info. Great job guys. Obviously the two of you are not bidding. I am taking a pass because of the distance.
My real question is what's the over/under on this one? I'm betting over 100k. Any takers?
I'm betting well over 100 as well....none of which means that I won't be bidding, I always reserve that option as you never know what information comes to light at the last minute. I just tell it like I see it.
On the positive side for this property....it is next to a Provincial Park...no one will ever build next door to you, and the lake is crystal clear....if you don't like the sound of motor boats, then this is definitely for you...marinas are nearby for a boat into Georgian Bay. You'll never have to buy firewood, and it is near Tobermory, if like to scuba it is fantastic.
You'll likely never make a red cent on the property, but lots of people aren't interested in that part of the equation, they just want a northern getaway...and hey this is much closer than Elliot Lake, and cheaper than anything in Muskoka, Haliburton, or the Kawarthas.
-
Sorry Frank. I know that you never said anything about not bidding; it was just an assumption on my part.
If this was closer to Toronto I would be all over it. As it stands I don't want to waste time on an unlikely prize. If I was bidding, I would go over 100k but not by much. Otherwise I would be wasting my time. Now let's state the obvious, a large chunck of nice lakefront like this is easily worth over 100k retail. But isn't the purpose of a tax sale to find a bargain? I have found real bargains on MLS and elswhere so if I am taking a risk I want a better price. But even at 100k this appears to be a real bargain. Too bad about the distance.
-
Sorry Frank. I know that you never said anything about not bidding; it was just an assumption on my part.
If this was closer to Toronto I would be all over it. As it stands I don't want to waste time on an unlikely prize. If I was bidding, I would go over 100k but not by much. Otherwise I would be wasting my time. Now let's state the obvious, a large chunck of nice lakefront like this is easily worth over 100k retail. But isn't the purpose of a tax sale to find a bargain? I have found real bargains on MLS and elswhere so if I am taking a risk I want a better price. But even at 100k this appears to be a real bargain. Too bad about the distance.
Actually, that was my original point. I don't think that this should go for any more than 70 at tax sale. But I expect that it will probably fetch an additional 100 as a result of the yahoo factor. No money will be made, but the purchaser will brag about how they got this fantastic property for less than 200, it's all on paper unless you want to flip it.
-
Sorry Frank. I know that you never said anything about not bidding; it was just an assumption on my part.
If this was closer to Toronto I would be all over it. As it stands I don't want to waste time on an unlikely prize. If I was bidding, I would go over 100k but not by much. Otherwise I would be wasting my time. Now let's state the obvious, a large chunck of nice lakefront like this is easily worth over 100k retail. But isn't the purpose of a tax sale to find a bargain? I have found real bargains on MLS and elswhere so if I am taking a risk I want a better price. But even at 100k this appears to be a real bargain. Too bad about the distance.
Actually, that was my original point. I don't think that this should go for any more than 70 at tax sale. But I expect that it will probably fetch an additional 100 as a result of the yahoo factor. No money will be made, but the purchaser will brag about how they got this fantastic property for less than 200, it's all on paper unless you want to flip it.
I think it should go slightly over 100 but don't think it's a bargain.
My view,and hope you find it relevant is you could have had half an island off Oilphant already subdivided
for the min on this one.If you can sell the other 200 acres you could have a nice cottage on a small lake.
Cheers, even though it's not too far for me.
-
[/quote]I think it should go slightly over 100 but don't think it's a bargain.
My view,and hope you find it relevant is you could have had half an island off Oilphant already subdivided
for the min on this one.If you can sell the other 200 acres you could have a nice cottage on a small lake.
Cheers, even though it's not too far for me.
[/quote]
If you get the whole thing for slightly over 100, and get a decent sale on the 200 acres you might walk away with a building lot for next to nothing. However, it is just that, a building lot...in the middle of nowhere, it will have a view of a small lake, but no access, as the road will be in front of it...I don't believe this is a busy road, but you have no direct access to the lake, unless you work out a deal when you sell the 200 acres to give you some sort of access...without consent approval, that access will be short lived (I believe 23 years max.)
Good perspective, on what you could have had for similar money, but hind-site is 20-20
-
Okay maybe subdividing this property is unrealistic but I want it for my own use. I like the the remoteness and don't like the crowds of cottage country. I still want to find 2 others who also want it for their own use to join me in a winning bid.
I think that if there are three names as the registered owners, there shouldn't be an issue getting three building permits or even possibly dividing the property in three.
According to my MNR map I see 9 cottages on the north side and 0 on the south side. I do not think it would be too much to ask to put 3 cottages on the south side.
Does anyone have any experience with having put 3 names on the form 7 with 3 separate deposit checks and know what the ramifications are of this.
-
Under the zoning RU1 you can only put 1 cottage , 1 bunkie .. the bunkie cannot have a kitchen or a shower.
You will not get a building permit for anything else. the end lots are under hold and are not being allowed to to build. Since they arent allowed to build I highly doubt they will simply allow you to build three..I can name two owners who will sue. , the two lots on hold
The rest of the owners will object like crazy as the lake IS overbuilt.
There is 23 lots and about 19 cottages. Check the bruce GIS Aerial, mnr isnt updating much as they have no mining interest in the south
Also if you cant afford the land by yourself , How will you afford the 300 plus for the most basic of cottage? In a cottage build , land is really a smaller part of the total cost. To maintain this land you will need 40 or 50K in equipment,
Take a drive up and check it out..you can do better in haliburtan and kawarthas as there is tons of lakes there that are bigger and have only 2 or 3 owners.. and not 4 hours from toronto
If you dont mind the 4 hours..look at bancroft, or north of kingston .. tons of small private or semi private lakes without 19 cottages on a 60 acre lake
-
All that I can say is for that area.. you can do alot better for 100k without most of the potential hassles mentioned before. Keep in mind that with anything on water 1-2 good acres is still worth more (and much more usable) than 100+ acres that have issues or limitations.
As for splitting up properties... it's far from the "good old days" when you could split just about any parcel anywhere. The time and money involved just to apply for a subdivision would make it not worth it to many people.
-
have any experience with having put 3 names on the form 7 with 3 separate deposit checks and know what the ramifications are of this.
No need, Enter a one page agreement with the seperate buyers, simple one paragragh deal, nothing fancy . Make the bid under one name in trust
IE WorldJohn in trust.
If you win you can then register all three names on the deed and have a real contract drawn up.
Simple word of advice ..never have partners in any business venture..
. Keep in mind that with anything on water 1-2 good acres is still worth more (and much more usable) than 100+ acres that have issues or limitations.
True , I think the bobaygeon piece was worth more then this by far
-
i've read these posts and i wonder. I wonder what you guys do for a living? seems like you guys are smart. then i think have i spent to much on land, i've bought 51 acres in keady area 15 mins from owen sound, for 82. not great land but buildable. i'am young. yesterday was my first time in "your" part of the country down town toronto, wow. I felt small. anyway i don't see how this property is worth so little. I know this has no real revalance to this property but i just wanted insite into your world, because i've always been a "country kid" thanks for your time
-
Simple ..its all population density..very few people live in owen sound or close to it..tons of nice land therefore the land is cheap..We have morons paying 1 million for 1/4 acre lots in Oakville ..not even on water.. ( thats not population density...thats just dense people )
Its nice up there if you can make a living and the air is sure as hell better .mind you many people would kill themselves in a town that small where others would do the same in a city like Toronto. Downtown TO in August..dirty, loud,smells of sewer gas , stinky lake you cant swim in , air you cant breathe..absolutely nothing nice about Toronto .. be thankful it was fairly cool yesterday or you would have had a real treat ..
51 acres for 82 is a good deal. a one acre building lot is 50K minimum so the next 50 acres cost you 30. If you an make a good living in a small town you will have a much better life then someone in the city struggling to pay a mortgage on a condo
And a comment about Bruce...They have a dark skies law..which is the best law in the world and I have no idea why the idiots in southern ontario dont pass the same law.. Point lights down..no damn search lights or laser shows... simple..
-
I still believe that this size of lakefront is easily worth 100k plus all day long. It is probably worth a lot more but my wife calls me a cheap b*stard.
-
I met the neighbors a few days ago - surprising how quiet they are!
-
I am afraid of snakes and do not like mosquitoes.
This is my first time logging into their board and it seems there are some interesting discussion.
The land seems to have issues through my friend in law firms: The first owner has paid 1K bucks in 1916 and now the city impose 3.8K annual property tax based on the assessed asset value (on paper). The tax has never been paid I suppose. The land is also subject to the crown. The current owner has thousands of dollars owned to family court.
The distance is a problems for me and it is too far away from hospital if there is an emergency or any commercial district, and will be hard to live there in harsh winter, I assumed.
It is still good if you can spend some weeks in the lake shore if you can build a road into the property and a cottage once you have won the bidding.
Summing up, I do not know if there is any value in bidding for this property with just a little over the min tender value ? May I get some insights from the message board sponsor or tax sale guru? Thanks.
-
Summing up, I do not know if there is any value in bidding for this property with just a little over the min tender value ? May I get some insights from the message board sponsor or tax sale guru? Thanks.
Welcome to the board..
I can assure you , a bid near the min is a waste of time, I'm still expecting a redemption, however if by some miracle it actually gets to the sale..it will go for at least twice the min at the lowest
-
preliminary results
the 227acres lakefront went for 286,000
the 100 acres went for 62,000 (more than assessed value once again)
All the people who contacted me and agreed to join in on my bid dropped out near the bidding time. I get the feeling they were just talking to me to get extra info and help determine their own bid. tsk tsk
-
the 227acres lakefront went for 286,000
the 100 acres went for 62,000 (more than assessed value once again)
I can see the 286 , It is on the high side from an investment point of view but it is a great piece at a good price for personal use..
The 62 seems high for investment , good price for end user
Any idea on the second positions and how many bids on each??
time to trudge on to the next deal
-
preliminary results
the 227acres lakefront went for 286,000
the 100 acres went for 62,000 (more than assessed value once again)
All the people who contacted me and agreed to join in on my bid dropped out near the bidding time. I get the feeling they were just talking to me to get extra info and help determine their own bid. tsk tsk
Nobody here envisioned anything near 286k. Any idea of next highest bid?
Is anyone here the new owner?
-
Just wondering why "preliminary" Did the treasurer not confirm the winner and did anyone get to take a look..usually there is someone who wants to check to ensure the top guy did it right...( it usually the person in 20th spot who insists on checking the data)
And if someone on here is the winner.congratulations..however .where did 286 come from..I get 277 ( 1K an acre) but 286??
-
All the people who contacted me and agreed to join in on my bid dropped out near the bidding time. I get the feeling they were just talking to me to get extra info and help determine their own bid. tsk tsk
Lesson1..We are all competiton and never forget that
lesson 2 ....never take partners
Lesson 3 Never forget lesson 1
-
the 227acres lakefront went for 286,000
the 100 acres went for 62,000 (more than assessed value once again)
I can see the 286 , It is on the high side from an investment point of view but it is a great piece at a good price for personal use..
The 62 seems high for investment , good price for end user
Any idea on the second positions and how many bids on each??
time to trudge on to the next deal
Someone please post seconds.
Bidding strategies are changing due to over advertising.
OTS or MLS Is there much of a gap?
-
Winner 286 second 267
Winner 61920 Second 55004.20
OVER 100 Bids...thank Ontario Tax sales
-
Winner 286 second 267
Winner 61920 Second 55004.20
OVER 100 Bids...thank Ontario Tax sales
geez, I missed another one...I was going to go in at 287 (not)...good luck to whomever won it, I think your gonna need it unless you bought it strictly for own use, then it is probably right on what you would have paid on MLS. Please let us know if we are wrong, and you will have the right to rub it in our faces. 8)
-
Since I didn't bid...
I could have seen this going to a private land trust to set up a private camp. Unions, churches and private groups have been building these in weird rural areas as collaborative efforts. This spot looks like it would have been ideal for that sort of thing. A main lodge, a couple bunkies and a dozen campsites with private access to a private lake.
Buying price isn't a consideration since you are buying for generations in the future, and the zoning works for it as a private camp. As long as the land looks like a deal to the union/church/scouting/whatever executive, then its worth it.
Your union members, church-goers, etc. will appreciate the quiet of the non-motorized lake and won't mind a 4 hr drive for free camping. With trails already cleared, all you do is run hydro and build very basic (think KOA) shelters - heck, its even next door to the provincial park, so its gotta be good for it!
Thats about the only way I could see this one going.
Or my folks who were going 7-ways crazy about the Manitoulin properties (that you'd be nuts to buy).
-
Since I didn't bid...
I could have seen this going to a private land trust to set up a private camp. Unions, churches and private groups have been building these in weird rural areas as collaborative efforts. This spot looks like it would have been ideal for that sort of thing. A main lodge, a couple bunkies and a dozen campsites with private access to a private lake.
Buying price isn't a consideration since you are buying for generations in the future, and the zoning works for it as a private camp. As long as the land looks like a deal to the union/church/scouting/whatever executive, then its worth it.
Your union members, church-goers, etc. will appreciate the quiet of the non-motorized lake and won't mind a 4 hr drive for free camping. With trails already cleared, all you do is run hydro and build very basic (think KOA) shelters - heck, its even next door to the provincial park, so its gotta be good for it!
Thats about the only way I could see this one going.
Or my folks who were going 7-ways crazy about the Manitoulin properties (that you'd be nuts to buy).
Church camp, bunkies, KOA...never thought of those....but, here's why I never thought of it...ZONING...not permitted. I suppose boy scouts could pitch tents, as we did when I was a young scout, and later as a leader...but really, they've got lots of places to do that and no money to be buying more land for it. Without a zoning change, you can basically build one residential structure on it, and that's it. How likely are you to get a major zoning change in that location???? I wouldn't bet on it.
-
You think an RU zoning would prohibit outbuildings Frank - I bet a basic camp could get around that. I haven't looked up their bylaws there, but I'm betting it would work if for private use. Really it depends on the verbage of the bylaw.
Important thing here is that it would have to be no-for-profit, the bunkies would have to be unserviced, and all users would have to be owners, hence union/church/etc.
In any case its a very specific buyer who would have a lot of other opportunities.
Along these lines, the Mormons have recently bought a large tract just for this sort of use up in Muskoka. It would be interesting to see how the ownership on that wokrs. I know they have a real estate holding corp, but you can bet your wife (and they might just take her) that the usage and property rights would have some very interesting wording on it for that one.
(Was anyone here involved in the Mormon Temple lands in Brampton?? - If so, you know what I mean.)
-
The mormans (Lethbridge stake) bought the 400 acres up on little bald lake ( adam cummings rd) ( and got screwed) but that doesnt have the problems related to the small lake.
I could have seen this going to a private land trust to set up a private camp. Unions, churches and private groups have been building these in weird rural areas as collaborative efforts. This spot looks like it would have been ideal for that sort of thing. A main lodge, a couple bunkies and a dozen campsites with private access to a private lake.
Unfortunately its not zoned for that and the locals would jam it..that lake cannot support anymore . If you haven't seen it ..its the size of kelso lake.has no outflow .with 20 cottages ouch
Its a good buy for a single cottage for your own use..in reality who cares if you pay 200 or 300 if you are keeping it for generations
In regards to a land trust..absolutely good land for that
All that said..if this is someones new family cottage and you are keeping it .."well bought" You have a 277 acre compound..we have returned bids ...
If you bought it to flip..hope you choke on it ;D
-
The mormans (Lethbridge stake) bought the 400 acres up on little bald lake ( adam cummings rd) ( and got screwed) but that doesnt have the problems related to the small lake.
I could have seen this going to a private land trust to set up a private camp. Unions, churches and private groups have been building these in weird rural areas as collaborative efforts. This spot looks like it would have been ideal for that sort of thing. A main lodge, a couple bunkies and a dozen campsites with private access to a private lake.
Unfortunately its not zoned for that and the locals would jam it..that lake cannot support anymore . If you haven't seen it ..its the size of kelso lake.has no outflow .with 20 cottages ouch
Its a good buy for a single cottage for your own use..in reality who cares if you pay 200 or 300 if you are keeping it for generations
In regards to a land trust..absolutely good land for that
All that said..if this is someones new family cottage and you are keeping it .."well bought" You have a 277 acre compound..we have returned bids ...
If you bought it to flip..hope you choke on it ;D
Thanks PFM - with you and Frank both setting me straight, I'll duly shuddup now :) . I really haven't looked at this one at all simply because the geography is wrong. My house is zoned RU, and I think we have about 10 outbuildings, but we also don't have neighbours looking to protect their lake, or traffic coming and goin gall hours of the day.
-
Winner 286 second 267
Winner 61920 Second 55004.20
OVER 100 Bids...thank Ontario Tax sales
Thanks.
At over 100 bids I should title search for ots.At least I'd make a dollar for spending 2.
Not just about Bruce. 8)
-
Thanks PFM - with you and Frank both setting me straight, I'll duly shuddup now :) . I really haven't looked at this one at all simply because the geography is wrong. My house is zoned RU, and I think we have about 10 outbuildings, but we also don't have neighbours looking to protect their lake, or traffic coming and goin gall hours of the day.
Most RU properties of any size would have a number of outbuildings. Don't forget this is a farm designation, and those outbuildings you are talking about are for livestock, farm implements, feed storage, greenhouses, waste containment, water supply, etc....all things that are very necessary to run a farm...however, not fit for human habitation. I put up a workshop on my property, and included a loft for good measure...dormers, and nice windows, would make a nice little batchelor pad, but I had to sign a document when I got my building permit, swearing that it was strictly for material storage. I'm looking to finish it into a poker nite attic with high power ventilation to remove the cigar smoke.
-
I had to sign a document when I got my building permit, swearing that it was strictly for material storage. I'm looking to finish it into a poker nite attic with high power ventilation to remove the cigar smoke.
material storage with windows and dormers :D
It one thing to bend the rules, The township is fully aware that you will use it a guest house when the grandkids come and no-one will care if no-one complains..don't abuse it and don't let anyone actually live there..
With the shouldice land you could build a changehouse at the lake ( with a hot tub ) you could have a sauna shack , you could have a car garage, you could have a barn, you could have a forestry equipment storage, you could have a workshop, you could have a maple sugar shack, tractor storage , you could have several shacks on the property for rest stops for when you are working in the forest etc etc etc.so sure your kids or your brothers family could stay in a bunkie or two for a weekend and no-one will bitch..but that's alot different then 100 kids at a camp.
The lake is just too small , five canoes and its a traffic jam and if I was the neighbours and 30 people came to camp I would be freaking ..
HP used to have a 1100 acre camp in Kingston (On Hewlett Packard rd conveniently enough) and the main lake was similar size but was completely private as it was locked, They had a maximum of 40 people there at any time and when it was a full house it was annoying ..now add 20 cottages full of people on a long weekend. ( say 4 to 6 per) .Just shoot yourself
The piece the Mormons bought on Little bald is a good piece for a camp as they could build everything at the north end on the lake and be 2800 ft from the neighbours who are on a different lake
-
Not sure if it was mentioned here already but the neighboring property to the west is currently listed for $395,000.
240 acres w/2000' of water frontage. Is listed as vacant with no mention of any existing buildings or services.
-
That has been for sale for a long time, on cottage link for a year and a half. Listing is faded in the agents window in town, ..She paid 56 for it in 96 or 97 which makes it worth around 150 tops. It has no road frontage and will cost a ton to open up if they ever let you , Considering the two lots beside are under hold , I'm betting on no permit . 395 is a complete joke and she is dreaming. It was 450 , It is such a joke that the agent wont even spend to run it on MLS
287 buys 3 times the lake frontage , with frontage on dyers bay rd ( clear building permit) ability to cut two more lots on dyers rd, road right through the property, hydro to the site. ( Im betting the property might pull 350/379 on MLS in less then a year. The tax sale actually increased the value as 56 people made plans for the land . The winner could probably post on here and get the 350 or close to it
395 asked for ..no permit, no road , no hydro , The good building site is 1800 to 2000 feet in ... hmmmm good luck
The winner of shouldice should offer her 125 to 150 max , and if she turns you down, drop it to 100 and hold it there. She will get sick of paying the taxes and sell it. If she holds it who cares as it is just forest..let her pay the taxes