Ontario Tax Sale Property Forum
Tax Sale Forum => Property Information => Topic started by: gimmellsmom on July 22, 2008, 03:42:29 PM
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Has anyone ventured up to the Strong properties or found out exactly where they are?
Might need to put on my hiking boots to find some of them!
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I suspect these both have crown interests... I'd look very carefully if you're planning on bidding.
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It looks like the one on the lake needs a helicopter to get to as I read it the ROW doesnt take you all the way to the property if the lot/con map I have is accurate.
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I understood that both the cheer lakes were water access only but there was a ROW on one. They are, I belive, side by side, are they not? They appear related in other ways too - a little google goes a long way. But there was some caveat I saw somewhere (?) about they could be built on at such a time as a road is built - perhaps thats in the plan for the township? I'm sure they're nice & secluded, but am I willing to roll the dice with the Crown - no thanks!
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I understood that both the cheer lakes were water access only but there was a ROW on one. They are, I belive, side by side, are they not? They appear related in other ways too - a little google goes a long way. But there was some caveat I saw somewhere (?) about they could be built on at such a time as a road is built - perhaps thats in the plan for the township? I'm sure they're nice & secluded, but am I willing to roll the dice with the Crown - no thanks!
The information indicates that you can build on either one of them. The real question is - build what?, The zoning is 'limited Shoreline Residential', and the requirement for a road to be built (no doubt at your expense), comes if you want to change the zoning to be able to build something more substantial. Check with the planning department in Strong to see what the possibilities are...now and in the future.
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I am curious as to why you might think both waterfront properties have crown liens on the them. On the Ontariotaxsales site they only mention one has liens.
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There is a really nice cottage on Lake Cheer for $319,000 so I think you can pretty much build what you want on this zoning type.
But the the fact that there is no road is a big problem. Is there any circumstances when the township will pay for the road?
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I wouldn't exactly call that a really nice cottage, maybe average by today's standards and I don't think they'll ever get $319000 for it, they didn't for the past year and a half that it's been on the market. My point is, I wouldn't go chasing after some investment property on a lake you've probably never heard of just because of the ASKING price of a couple cottages on the same lake.
Usually a property is crap or its decent. If its crap, walk away anyways. If it's decent or good then you can start worrying about other things around it that might improve its appeal.
The circumstances when the township will pay for a road is when pigs fly. To answer what someone pondered before, it doesn't matter if a road is in an official plan..and we're talking a ROW here, not an unopened road allowance. You should check out the dozens of roads in Sundridge that are on the official plan but don't actually exist, and never will.
The townships up in that area barely maintain the roads they are responsible for and if you do some extra digging (I read the local classified section of the paper near Strong) you'll see that Strong township is currently closing and selling off some road allowances so they're actually taking away roads, not adding them!
Happy bidding!
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Did anyone go bid on these? Just curious about the results.
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Nevermind... blonde moment... the sale is next week.
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Does anyone know the results of the tax sale? Specifically the 26 acre parcel? I wasn't able to attend.
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Sorry, I did not attend either but put a couple of bids in.
I visited all the properties. The Cheer Lake properties look good from across the lake but even with the crown liens I think they will go for a silly price.
The 26 acres was a bit low with a creek right down the middle and real close to the new highway 11. If you didn't visit the sight you could easily bid too high and be in for a nasty surprise. The lot near Lake Bernard is bounded on 3 sides by roads, next to slummy townhouses and there is no nearby lake access. Its small size could offer some challenges to installing a septic system but there is nice cottages across the street on even smaller lots. It is nicely treed and offers some value but I would not call it prime. I didn't visit the landlocked one for obvious reasons. But once I get my helicopter license I will drop by for a visit.
Lots of suspense.....
Will Larry win two in a row?
Will Dave come 2nd again
Will Frank out smart everyone?
or will some rookie like me finally get one
Stay tuned
Any other comments
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I cant wait for the movie, Who do you think will play Frank ;D
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I cant wait for the movie, Who do you think will play Frank ;D
You guys are picking on me again. I will play myself...co-starred by Angelina of course, I can't wait for the love scene.
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The highest bid on the 26 acre parcel was $20,813. Anyone here want to take claim?? I was unfortunately the second highest, hoping someone can't pay-up.........
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Missed out again but closer this time. Did you get the prices on the rest of them Pawel ?????
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Sorry Farrouck I did not get the rest of the bids. The treasury department contacted me and let me know the highest bid and that I was second in order with my bid ($19,602). But I am interested in the price comparison for the rest of the bids...
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Well this is interesting.......
I put in a stink bid on the lot near Lake Bernard and won. The title and execution are clean. Does anyone know about any nasty surprises before I send the rest of the money. Don't want to get burned on my first one!!!!
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what is the full legal description?
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Congrats farrouk. I was thinking about also bidding on that property but decided to focus on the one with more acreage. It looks like a clean site to me, other than the current zoning (Rural) which does not permit any building to be constructed because of the setback requirements. You will have to apply for a site specific zoning amendment or a minor variance (depending on what you want to do) in order to build.
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PFM1011 - Thanks for your help, any info you dig up would be appreciated. I know you are a good researcher!
Roll No. 49 46 010 027 07400 0000, PIN 52068-0032(LT), PCL 4777 SEC SS; PT LT 27 CON 10 STRONG AS IN
LT21864 Saving & Excepting ROW for the Distress River Colonization Road and the Northern and Pacific Junction
Railway should they pass through the said land; STRONG. File No. 06-03
Minimum Tender Amount: $5,088.20
The lot is small but the guy next store has just built a rather large garage with living area above. Lots of nice houses across the street on similar sized lots.
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I think Pawel has got it summed up Just go over your zoning requirements as the rd cuts over the property and setbacks will hurt .
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Nice to see that maybe at least one tax sale in cottage country didn't go higher than mls prices. ;)
Farrouk, how much was your "stink" bid? I'm familiar with where that lot resides. Not a bad deal at all if you got it close to the minimum.
I'm not sure what the lakefront ones went for though. I think the Cheer Lake lots were only good for those that had strategic reasons like adjoining lot, or already on the lake. There's still water access properties available without spending big money if you're will to look hard enough.
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I know a few were interested so here is what i found out.
Small lot near Lake Bernard - $7200 (Me)
26 acres - $20,800 (Finished 4th)
4 acres, landlocked - don't know
Waterfront Cheer Lake - $16,000
Waterfront Cheer Lake (2) - $20,000
Don't know what the crown liens were on the last two, but this seems like a sweet deal for the large waterfront properties. I didn't bid on these because I thought they would go crazy high.
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Farrouck -
Congrats on your first winning bid, I wish you best of luck with the property!
DianeJsmith - I believe the bid for that property was in the township of Adjala-Torsorntio
David
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Helllo Friend,
Is this not the property where the first 3 bidders did not properly complete the outside of the envelope and the sale cancelled.
I remember the high bid was around $242,000. Crazy eh! This guy even had his lawyer prepare the tender and still not properly completed.
Gud Luck!!!!!
Hey dianejsmith or is it kristi.amy or as Pfm called you Todd, stop plagiarizing our posts. Get off our forum and take your limo adds with you. Bye bye