Ontario Tax Sale Property Forum
Tax Sale Forum => General => Topic started by: twinn1 on September 24, 2008, 03:16:53 PM
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Looking through the Kawartha lakes tax sale properties I noticed something odd. Some properties that are zone EP(enviromental protection) have much larger assessment values then the ones zoned R1(Rural) that are actually buildable. Just curious as to why that would be? What good is a few acres of EP or flood plain if you can;t build on it? It looks like the only properties that can be built on are the commerical lots in Lindsay, the other ones look to small (I have yet to verify with the city so don;t take my word, but based on the frontage and their zoning description it does not look possible).
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Looked over this one quickly. Does anyone know the history on the Sturgeon Lake subdivision. Super small lots that are EP or have no roads. Is it one of those testimonial trust scams again? I'm not considering this one but curious.
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Sturgeon Lake subdivision. Super small lots that are EP or have no roads. Is it one of those testimonial trust scams again?
That is most likely the case...the Municipality will know.
Some properties that are zone EP(enviromental protection) have much larger assessment values then the ones zoned R1(Rural) that are actually buildable.
When people don't intend on paying their taxes anyways, they don't usually bother to appeal their assessments. The EP designation may have been added recently to further stymie any possibility of them being built on. Don't forget that floodplane control is a relatively new phenom in Ontario (really started to take off after Hurricane Hazel (not the Mayor of Mississauga, but the real storm), and that if these lots were created by will, then they were likely done back in the early 70's...before the government put the blocks to it. Of course, I am too young to remember all of this stuff, but I've heard tales of it...and Woodstock.
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Frank: It is too bad we can't all have your youth and vitality.
There is one advantage to being older. We can remember how things were nicer in the old days.
I remember when Woodstock was a nice small town. Of course with the new Toyota plant
it will become like the big city.
I even remember ancient times when Hamilton had a good football team. Of course I alway felt it was a better place then hogtown. Much closer to important things in life like genuine Buffalo chicken wings.
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Looked over this one quickly. Does anyone know the history on the Sturgeon Lake subdivision. Super small lots that are EP or have no roads. Is it one of those testimonial trust scams again? I'm not considering this one but curious.
A site visit is mandatory to get the real picture, I remeber bidding on a property that was a pie shaped lot, according to the plan, there was a roadway on both sides making a septic install tricky, as well as having to build a cottage perpendicular to the road. In reality it was just a dirt pathway but the site plan showed it as a road. Those EP properties on Sturgeon Lake would only have value if they were waterfront(which they are not) and even then only to existing cottage owners in the area as they could build a boat dock and then have deeded access to the lake. Because of the flooding that happened in the Peterborugh/Kawartha Lakes last year, you can forgot about the towns giving any kind of permit or exclusions to build on EP/Flood Plain land. In the properties you mentioned, my guess would be that the land is to swampy or shallow to support well/septic.
I always wondered if you could put up a yurt (http://www.yurts.com/) on a EP land as they are considered "temporary" structures; even then it would be a very "rough" type of cottaging as there would be no septic/hydro. Do you guys have any thoughts?
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Has anyone got any wind of environmental contamination on the two industrial lots in Lindsay? I'm a little hesitant to make a bid because of this issue. I have spoken to the neighbouring property owners, and their answers are keeping me nervous / a little agitated. I know the tax sale is soon so any feedback would be appreciated.
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It looks like our unfriendly people in Pontypool don't know how to make a bid as I assume it was them who were disqualified. Any one want to offer to act as a consultant for them for a BIG fee of course?
Do you think $5,000 would be sufficient.
Dave2
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Hey Dave,
I missed this sale. What were the results of the Lindsay properties?
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Pawel:
One of our fellow posters (Twinn 1) was actually kind enough to post a link in a previous post but he started a new post.
http://www.city.kawarthalakes.on.ca/CityHall/TaxSales/docs/Tax_Sale_Results_October_2008.pdf
For once town made it easy.
Dave2