Ontario Tax Sale Property Forum
Tax Sale Forum => General => Topic started by: lonewolfsek on February 23, 2012, 05:44:36 PM
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I was hoping OTS's "Featured Properties" in Clarington would have something tempting. #1 is an old gas station (big $$$ for clean up), #2 very small vacant lot (not buildable), #3 was up for tax sale last year. Looked like a quarry site. If it is up again it won't redeem. Maybe something Dave2 might be interested in, but for the rest of us no luck.
Rember Patience is a virtue.
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I was hoping OTS's "Featured Properties" in Clarington would have something tempting. #1 is an old gas station (big $$$ for clean up), #2 very small vacant lot (not buildable), #3 was up for tax sale last year. Looked like a quarry site. If it is up again it won't redeem. Maybe something Dave2 might be interested in, but for the rest of us no luck.
Rember Patience is a virtue.
I am reminded about the old farmer joke about buying oats. For nice fresh clean oats you should expect to pay a fair price. For oats that have already been through the horse; that comes a little cheaper. ;)
No one who displays opportunities in this business has control over what they have to work with; be it Rob; OTS or Tri-Target. It is what it is and like what was observed; we have to learn to sometimes say no.
If a property has been through a tax sale with no takers; and is offered again as a repeat tax sale or a surplus sale the first question you have to ask is why? This is particularly true in cases like this where one would assume the adjacent landowner should be interested. Given the industrial use of the property mentioned the risks increase.
Right now we have potentially interesting alternatives both east (Rice Lake) and west (Mississauga) of these offerings.
Maybe the best return is to focus on these others which I don't believe have been offered before.