Ontario Tax Sale Property Forum
Tax Sale Forum => Property Information => Topic started by: GregM on November 01, 2006, 01:26:00 AM
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I'm wondering if anyone has had a chance to look at any of the Minden properties yet? Some of my observations:
The Gelert property, nearly 5 acres, appears to have a house with someone living in it. Did anyone else think that house was on the lot? The Irondale River waterfront property looks to narrow to even pull a canoe up on it.
The 2 properties in the village of Minden are very wet and marshy.
The Bob Lake property can be driven to and has hydro nearby, but it is almost a straight climb down to the water. I can't see them approving a septic on that site, either.
The lot near Gull Lake has an old, sort of abandoned, cottage on it that could be fixed up.
The lot near the Irondale River is very marshy with a little brook running through it.
I'm interested in hearing other people's thoughts on the properties. Thanks!
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Thanks for your input I hope to be able to get up there some time this week to look at them.
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I haven't had a chance to look at them, but did you get the dimension on the Irondale River and Bob Lake properties?
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The ad on the Bob Lake one says that it is 1.425 acres, but then the web-site says it is only .38 acres and that you should satisfy yourself as the acreage. My intuition tells me that a big chunk of the 1.425 acres may be ownership of the private road, which everyone else has an easement across - however, I without checking it out thoroughly who knows. The .38 acres is the amount the MPAC shows on the assessment roll.
The property on Gull Lake is zoned shoreline residential and it has a shack on it, however it is a backlot. It may have a right of access to the lake across some common ground, but certainly a dock of your own and view of the lake are not in the cards. The assessed value is most likely high because it has a building on it - MPAC doesn't consider the condition of the structure, just its physical size.
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Thanks Frank,
Speed, I didn't get the dimensions of the Irondale River Property, but I'm pretty sure you could never build on it. I don't know why the assessment is so high, unless I am missing something. It seemed so small as to be nearly non-existant. I have photos if anyone is interested. I use OziExplorer to calibrate the long. and lat. of the MPAC Map, then draw a trackline around the perimeter of the lot(marginal accuracy). This method shows the Bob Lake property to be roughly 0.5 acre, hence I think the 0.38 number is the closest. Furthermore, nearly than half of that is practically vertical. There is a nice flat spot at the top where it looks like someone parked a camper and used an outhouse and had a diving platform.
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Just a note...the "Flat Spot" on the Bob Lake property is not on the lot that is being offerred for tax sale. There are two lots, and the one being offerred is closest to the existing Viceroy cottage. It is vertical to say the least...I doubt there is sufficient space for a building given the setbacks, the .38 acre lotsize and the R.O.W for the neighboring lots that cuts 20 feet off the back of this lot...The flat spot is on the adjacent lot....
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Wow, sounds like a few duds in this round of properties. Makes me wonder if I would pay the taxes on them if I owned them, or if I would just let it lapse. Some of them sound almost unsellable on the real estate market.
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Curious about the Bob Lake vertical... Is it a rocky vertical or a dirt covered steep access to the water?
Interested as well if anyone has found the lot stakes... I would imagine that must be the case if you already know the flat part is not part of the property.
Whatever detail you could share would be appreciated... photos would even save me a trip.
Any liens on this or the river lot?
Thanks,
Suede
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Thanks for the clarification MCDanita. It shows the importance of being sure of the lot you are looking at. Here's a shot looking to the right from the "flat spot". Is this the Viceroy home, you spoke about? If so, then the land between would be the lot for sale? http://home.golden.net/~gmccracken/Bob%20Lot.jpg Also here's a shot of the Irondale River lot to the best of my determination. There is a white patch of a cottage in the trees about mid-picture. That would be your neighbour to the right. Doesn't look like much land in between. http://home.golden.net/~gmccracken/Irondale_River.jpg I'm afraid I don't know about any liens or stakes.
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Thanks for the pictures Greg and thanks to mcdanita for the revision ;D
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I was talking to one of the locals about the property on Gull lake, he lives there year round now that he's retired from Toronto Fire Department and he believes this property doesn't have a well? He thinks they had an agreement with the neighbor to tap in to his??? Just something to watch for if your interested in this one.
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Shared wells, and shared driveways are not uncommon in rural areas and cottage country. If you are concerned about it, then you should contact a local well driller and find out how deep they have to go for water in that area, and what the cost might be (can range from $2,000 to $10,000 in any normal circumstance, lots of rock up there so it is probably the higher figure - then you have the cost of a pump and pressure system, check the cost at Home Depot).
However, the arrangement with the neighbour may be perfectly satisfactory and there may be a small annual fee towards the maintenance of the system. These types of sharing arrangements are usually present when the lands were originally one property and members of the same family built multiple buildings on the property - later severing to get out of the arrangement. If anyone makes contact with the neighbour, we would all like to here the results - muchos gracias.
Did anyone see any evidence of a septic system, If you are going to do anything that requires a building permit - you will likely have to either install one or beef the existing one up (if there is enough land). It might be best to be happy with what is there and put a new coat of paint on it.
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Ya, I believe there was a septic system out on the side of the house there was a 4inch pipe leaving the basement pointing to a piece of seteel laying on the ground with an assess door on it. (could turn out to be a bomb shelter for all I know :-\)
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I'm wondering if anyone has had a chance to look at any of the Minden properties yet? Some of my observations:
The Gelert property, nearly 5 acres, appears to have a house with someone living in it. Did anyone else think that house was on the lot? The
I had a look on the weekend at what I'm pretty sure is the 4.5 acre Gilert property you mentioned. There is no house on the property that I could see but there appears to be a large garden shed pretty much on what I believe is the property line. There is a narrow road put in down the side of hill and it leads to a river. The right side of the road drops off to a ravine. I didn't cross the river to look at the other side but I know the Rail Trail which you cross at the cemetary goes around the back side of the property. To me there doesn't look like there's much value in this property as I'm sure you'd have a hard time getting permits to build a bridge of any sort and the land on the road side of the river is pretty much useless.
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We checked with the Minden Health department regarding the septics on the Bob Lake property. The septics, neither of which received final sign-off were installed in 1980 and are located on lots 1 and 3. No permit was submitted for lot 2. The existing cottage is not on any of these lots so lot 2 is in between the two septics. It would be up to the health department to provide approval for a septic and you cannot get a building permit without one in Minden Hills.
Hope this helps.
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Here's a map of the property that I made by superimposing the township lot plan over 1-10000 base map. The house that I was thinking that was on the property is at a position of about 2:00 wrt the end of the road. Did you see anything to indicate that house wasn't on this lot?
http://home.golden.net/~gmccracken/Gelert%20Property%20Zoomed.jpg
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Wow. This one generate lots of interest. Anyone planning to go next week for the resoults? It will be much appreciated if someone can post it here.
Thanks.
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Hello all.... I am new here, and I have been researching Tax Sales for quite some time.
Nevertheless... I was up in Minden this past weekend, I have two properties on Salerno Lake which is righ beside the Irondale River property. I have to agree that the property there is almost useless unless you plan on camping out, not to mention that the neighbour in the little white house is a giant religious freak.
I was interested in the Big Bob Lake lot, and appreciate the info provided here. I managed to find the lot and I think that the viceroy home is to the left, and therefore not the one in the picture from GregM. I also talked to one of the neighbours up there, and he had mentioned that the lot was up for sale last year, and went unsold for a long time. I think that with the setbacks, and considering possible septic problems along with the road going through this property, that there is a still possibility to build here. I am an architectural designer, and it is hard for me to say for sure, but it could also be tough to build here. I never spent much time looking for the lot markings, but the slope to the water would make it a difficult descend to the waterfront. The adjacent lot to the north has a fairly new cottage (possibly the Viceroy) and one hell of a staircase to the waterfront. I also learned that this particular lake will drop around 6 feet in water level yearly as it is part of the trent severn.
There is another vacant lot adjacent to the tax sale property, and I believe that there is a septic in already here.
If anyone has any more info about this lot I would be greatful.
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Here's a map of the property that I made by superimposing the township lot plan over 1-10000 base map. The house that I was thinking that was on the property is at a position of about 2:00 wrt the end of the road. Did you see anything to indicate that house wasn't on this lot?
http://home.golden.net/~gmccracken/Gelert%20Property%20Zoomed.jpg
Greg, see the attached mod of your map. The red square is where I think the house was roughly. The Purple line is the narrow driveway down to the river. The green area is the ravine area beside the river and was kind of mushy at the bottom. Hope it helps you.
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Did anyone attend the Minden Hills property sale?
Interested in what the Bob lake property went for?
Dale
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The little cottage on Gull lake is sold for 40000!
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Any idea for what the waterfront on Bob Lake went for?
Thanks!
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The Bob Lake property went for $65,206. The others:
1) $6058
2) $6282
3) $12,100
4) No bids
5) 27 bids, $65,206
6)$8603
7) 22 bids, $40,000
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The high tenders are as follows:
Parcel # 1 $6058.00 I received
Parcel # 2 $6282.00 2 received
Parcel # 3 $12,100.00 11 received
Parcel # 4 None received
Parcel # 5 $65,206.00 25 received
Parcel # 6 $8,603.00 5 received
Parcel # 7 $40,000.00 21 received
Received from Treasurer
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So this tax sales went well. Now let's do the math. There were only 2 pieces of properties have some meaningful value: the one on Bob lake and the old cottage on gull lake.
The bob lake one is kind of ironic, cause it was on the market but unsold for a long time before forced to tax sales. I am not sure how much the asking price was, but 27 bids and sold for $65206 here. The listing broker definitely didn't do a good job. Based on the description above, 65k may be well over the market price.
The cottage on Gull lake is sold for $40000. Based on the condition, it may need another 30ks to fixed it up. The total cost is somewhere 70ks, which is more than it's accessed value 68k. Some say (Frank that is, and I agree) 68k is aleardy high. It is step to the lake but not waterfront, and you couldn't even lounch a boat there.
I think some people are really taken away by the tax sales game. We supposed to buy it on deep discount. Anyway, good luck to the new owners.
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Last year it was the one on French River that couldn't sell on the market for $80k but went for $101 at tax sale. This year it was that lot water access lot in Haliburton that went for more than it was worth, then there was the 50 acres in Wainfleet that effectively sold for $145 after GST, etc.. and it wasn't worth more than $90. Now these two in Minden Hills - what's next. I've got some swampland in Floriday (or at least I could arrange to have it) if anyone is interested.
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Yeah things have just gotten too saturated. It's like going to an auction with a bunch of gambling addicts. They get caught up in the action and before they know it they've bought some used stuff for alot more than they would cost new. Seen it before.
Reminds me of a whole whack of ebay properties that I checked out when I was in Florida last January. These properties were all poor quality, rural waterfront (if you call swampy river channels inland from the gulf waterfront). On an map they actually looked right close to the action of some of the big towns, but they weren't. Nice way to sell a property for 3 times what it's worth though!
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Hey, it looks like the Big Bob Lake property that sold for $65,206 or so just got listed on MLS for $129,900! Check this out:
http://www.mls.ca/PropertyDetails.aspx?vd=&SearchURL=%3fMode%3d0%26Page%3d1%26vs%3d1%26rlt%3d%26cp%3d%26pt%3d90%26mp%3d100000-200000-0%26mrt%3d-1-0-0%26Beds%3d0-0%26Baths%3d0-0%26f%3d%26ft%3dall%26o%3dA%26of%3d1%26ps%3d10%26ptgid%3d1%26aid%3d2816%26MapURL%3d%253fAreaID%253d1953&Mode=0&PropertyID=5243266
or look up this MLS number on the site 461601000027500
Very interesting.
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That is pretty interesting, we should see if we can keep track of it and see if and what it sells for.
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Looks like the same property, but I didn't think the one that was for sale had a septic system already installed. As well this one is one 'Claude Brown Rd', and I thought the one for sale was on 'Big Bob Lake Road' - could be a private road off of Big Bob. Will be interesting to see how much it goes for.
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If it is the property that was up for tax sale, it definitely does not have a septic. We did a search with the Health Department and the property up for sale does not have, nor was a septic permit applied for this lot. Notwithstanding that, the septics were built in the 80's and never did get final approval. I speculate that either one of the other lot owners is trying to sell, or if it is the tax sale property, the seller is grossly misinformed as to what property they actually own!
There is also a large rock (much taller than an suv) in between the lots with the septic which would have to be blasted before any construction could take place. We also checked with the building department and a variance would be required in order to obtain a permit. It will be very interesting to see how this one plays out! :P
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OOPs, just found two different maps showing the same road and it has a different name on each, so I think we are talking about the same road, and potentially the same property. There are a number of them on that road that are approximately the same size. The only difference might be the septic system - which is questionable.
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Hi,
The property is listed on MLS is the one from tax sale 100%. A still have a picture of the property on my camera. I just don't know how to attach the picture on this site. I can e-mail it to anyone who is interested.