North Dundas Nestle plant

[DF1]

The tax sale in North Dundas is the old Nestle plant in Chesterville. Min bid is $482,337. According to the local press, the  current owner is a family trust in Toronto which purchased the property for $500,000 several years ago. They then sold the waste water lagoon to the township for $900,000.   The property includes a brick farmhouse that was the plant manager's home and "substantial freshwater well resources". It was the oldest nestle plant in north America.  Any takers?

[Slick_Willy]

Like many old industrial properties...I've always thought an investor needs two things to make money off a tax sale like this: vision and capital.

Vision to know what the heck to do with an unconventional property, and the capital to be able to afford the necessary redevelopment.

Unfortunately, I have neither, and am thus relegated to the crowded market for easy residential lots/buildings.

[DF1]

Roof of the house has been covered with tarps for the last few years. According to someone who used to work there, there was a lot of water damage several years ago and it can only have gotten worse.