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Welland property
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Topic: Welland property (Read 12402 times)
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speedfreeksteve
Advanced
Posts: 249
Karma: 14
Welland property
«
on:
April 18, 2009, 06:47:35 PM »
I have no interest in this property other than out of curiousity. Here's what I dug up in 5 mins of google:
Environmental order.. doesn't sound as bad as some I've read:
http://www.ert.gov.on.ca/files/ORD/06152o2.pdf
Current/recent tenants of the property:
www.popandlock.net
A little more upside investment potential than the tax sale properties that are a 10 hour drive from Toronto with no road access, but I'm not about to roll the dice on this one.
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farrouk
Platinum
Posts: 117
Karma: 2
Re: Welland property
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Reply #1 on:
April 18, 2009, 09:31:40 PM »
Good luck trying to unload a contaminated industrial property in an area with hundreds of abandon factories that are on the market.
You would have better luck in Moonbeam.
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DF1
Bronze
Posts: 18
Karma: -3
Re: Welland property
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Reply #2 on:
April 19, 2009, 12:01:18 AM »
Hey, Frank, looks like another factory for Bart Simpson!
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Pfm1011
Senior
Posts: 948
Karma: 63
Re: Welland property
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Reply #3 on:
April 19, 2009, 11:25:33 AM »
Groundwater contamination of known carcinogens bad enough to contaminate the neighbours basements....not much of a dice roll.... save time..file your bankruptcy papers at the same time as the deed
What is nasty ( good for the public actually) is that the directors are named personally...
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speedfreeksteve
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Posts: 249
Karma: 14
Re: Welland property
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Reply #4 on:
April 19, 2009, 03:19:20 PM »
It looks like these guys had some cleanup plan that the ministry agreed to but they just didn't follow through. At least that's better than some brownfields that have went up for tax sale in Toronto that could probably never be restored.
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Welland property