Ontario Tax Sale Property Forum
Tax Sale Forum => Announcements => Topic started by: raylak on November 16, 2016, 03:25:18 AM
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Saw a property in Gravenhurst today that is a commercial building and was used as a laundromat for several years. Notes in the package says that the building could be contaminated. Any experiences anyone with such buildings? Worth exploring? Obviously I googled contamination clean up costs from dry cleaning and it comes out to be in millions so no thank you but I'm wondering if there is any way of determining from the outside how bad it could be inside.
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Saw a property in Gravenhurst today that is a commercial building and was used as a laundromat for several years. Notes in the package says that the building could be contaminated. Any experiences anyone with such buildings? Worth exploring? Obviously I googled contamination clean up costs from dry cleaning and it comes out to be in millions so no thank you but I'm wondering if there is any way of determining from the outside how bad it could be inside.
I am Mountainman.
For dry cleaning the cocktail is molotov
If you buy this, I will LMFAO.
For I am Mountainman
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Always like to learn.. not so much buy.. LOL!
Found out from Ministry of Environment that the clean up costs could be in millions.. a nasty surprise for the new owner or the township! What amazes me is that if you're in this business, you could just make all this money from these operations and leave the building for the town to clean up and declare bankruptcy! it's insane how the town doesn't go after you or doesn't have the power to go after you except for taking possession of a property that they don't want.
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Ray....please bid on it, the town needs some fool to come along and be on the hook to clean it up. It would be far better than us taxpayers having to shell out for it. 8)
P.S. it isn't usually the building that is contaminated in these situations, it the ground under it, and potentially other properties surrounding it (contamination doesn't usually obey the laws of trespass), so you should be careful when bidding on any property to look at what neighbouring properties have been used for.
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I guess some fool did bid on it. Here's the result:
425 Pinedale Road, Gravenhurst
Minimum Tender Amount: $28,000.07
2 tenders, sold for $46,200.00
I'm surprised at this one! I really am -- especially after seeing the building because it was not only burnt partially and left alone for 5-6 years but also had chemical contamination as per MOE. Now, someone knows something that we don't.. well, I wasn't ready to pay the price of knowing I guess.
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I guess, in a situation like this, if nobody complains then you are fine, fix it up as if nothing had ever happened. If somebody complains then you'll have to take care of it. Maybe who wins it is from local who knows how to shut everybody up? Well, 2 bidders. There's a loser too. It'll be interesting.