Anyone want to join my bid on Northern Bruce Peninsula

[markymark]

the 227acres lakefront went for 286,000
the 100 acres went for 62,000 (more than assessed value once again)

I can see the 286 , It is on the high side from an investment point of view  but it is a great piece at a good price for personal use..

The 62 seems high for investment , good price for end user

Any idea on the second positions and how many bids on each??


time to trudge on to the next deal

Someone please post seconds.
Bidding strategies are changing due to over advertising.
OTS or MLS Is there much of a gap?

[Pfm1011]

Winner 286    second 267

Winner 61920    Second 55004.20


OVER 100 Bids...thank  Ontario Tax sales

[Frank]

Winner 286    second 267

Winner 61920    Second 55004.20


OVER 100 Bids...thank  Ontario Tax sales

geez, I missed another one...I was going to go in at 287 (not)...good luck to whomever won it, I think your gonna need it unless you bought it strictly for own use, then it is probably right on what you would have paid on MLS.   Please let us know if we are wrong, and you will have the right to rub it in our faces. 

[Prospector]

Since I didn't bid...

I could have seen this going to a private land trust to set up a private camp. Unions, churches and private groups have been building these in weird rural areas as collaborative efforts. This spot looks like it would have been ideal for that sort of thing. A main lodge, a couple bunkies and a dozen campsites with private access to a private lake.

Buying price isn't a consideration since you are buying for generations in the future, and the zoning works for it as a private camp. As long as the land looks like a deal to the union/church/scouting/whatever executive, then its worth it.

Your union members, church-goers, etc. will appreciate the quiet of the non-motorized lake and won't mind a 4 hr drive for free camping. With trails already cleared, all you do is run hydro and build very basic (think KOA) shelters - heck, its even next door to the provincial park, so its gotta be good for it!

Thats about the only way I could see this one going.

Or my folks who were going 7-ways crazy about the Manitoulin properties (that you'd be nuts to buy).

[Frank]

Since I didn't bid...

I could have seen this going to a private land trust to set up a private camp. Unions, churches and private groups have been building these in weird rural areas as collaborative efforts. This spot looks like it would have been ideal for that sort of thing. A main lodge, a couple bunkies and a dozen campsites with private access to a private lake.

Buying price isn't a consideration since you are buying for generations in the future, and the zoning works for it as a private camp. As long as the land looks like a deal to the union/church/scouting/whatever executive, then its worth it.

Your union members, church-goers, etc. will appreciate the quiet of the non-motorized lake and won't mind a 4 hr drive for free camping. With trails already cleared, all you do is run hydro and build very basic (think KOA) shelters - heck, its even next door to the provincial park, so its gotta be good for it!

Thats about the only way I could see this one going.

Or my folks who were going 7-ways crazy about the Manitoulin properties (that you'd be nuts to buy).

Church camp, bunkies, KOA...never thought of those....but, here's why I never thought of it...ZONING...not permitted.   I suppose boy scouts could pitch tents, as we did when I was a young scout, and later as a leader...but really, they've got lots of places to do that and no money to be buying more land for it.   Without a zoning change, you can basically build one residential structure on it, and that's it.  How likely are you to get a major zoning change in that location? I wouldn't bet on it.

[Prospector]

You think an RU zoning would prohibit outbuildings Frank - I bet a basic camp could get around that. I haven't looked up their bylaws there, but I'm betting it would work if for private use. Really it depends on the verbage of the bylaw.

Important thing here is that it would have to be no-for-profit, the bunkies would have to be unserviced, and all users would have to be owners, hence union/church/etc.

In any case its a very specific buyer who would have a lot of other opportunities.

Along these lines, the Mormons have recently bought a large tract just for this sort of use up in Muskoka. It would be interesting to see how the ownership on that wokrs. I know they have a real estate holding corp, but you can bet your wife (and they might just take her) that the usage and property rights would have some very interesting wording on it for that one.

(Was anyone here involved in the Mormon Temple lands in Brampton?? - If so, you know what I mean.)

[Pfm1011]

The mormans (Lethbridge stake) bought the 400 acres up on little bald lake  ( adam cummings rd) ( and got screwed) but that doesnt have the problems related to the small lake.

I could have seen this going to a private land trust to set up a private camp. Unions, churches and private groups have been building these in weird rural areas as collaborative efforts. This spot looks like it would have been ideal for that sort of thing. A main lodge, a couple bunkies and a dozen campsites with private access to a private lake.

Unfortunately its not zoned for that and the locals would jam it..that lake cannot support anymore . If you haven't seen it ..its the size of kelso lake.has no outflow .with 20 cottages  ouch

Its a good buy for a single cottage for your own use..in reality who cares if you pay 200 or 300 if you are keeping it for generations

In regards to a land trust..absolutely good land for that

All that said..if this is someones new family cottage and you are keeping it  .."well bought"   You have a 277 acre compound..we have returned bids ...

If you bought it to flip..hope you choke on it 

[Prospector]

The mormans (Lethbridge stake) bought the 400 acres up on little bald lake  ( adam cummings rd) ( and got screwed) but that doesnt have the problems related to the small lake.

I could have seen this going to a private land trust to set up a private camp. Unions, churches and private groups have been building these in weird rural areas as collaborative efforts. This spot looks like it would have been ideal for that sort of thing. A main lodge, a couple bunkies and a dozen campsites with private access to a private lake.

Unfortunately its not zoned for that and the locals would jam it..that lake cannot support anymore . If you haven't seen it ..its the size of kelso lake.has no outflow .with 20 cottages  ouch

Its a good buy for a single cottage for your own use..in reality who cares if you pay 200 or 300 if you are keeping it for generations

In regards to a land trust..absolutely good land for that

All that said..if this is someones new family cottage and you are keeping it  .."well bought"   You have a 277 acre compound..we have returned bids ...

If you bought it to flip..hope you choke on it 

Thanks PFM - with you and Frank both setting me straight, I'll duly shuddup now  . I really haven't looked at this one at all simply because the geography is wrong. My house is zoned RU, and I think we have about 10 outbuildings, but we also don't have neighbours looking to protect their lake, or traffic coming and goin gall hours of the day.

[markymark]

Winner 286    second 267

Winner 61920    Second 55004.20


OVER 100 Bids...thank  Ontario Tax sales

Thanks.
At over 100 bids I should title search for ots.At least I'd make a dollar for spending 2.
Not just about Bruce. 

[Frank]

Thanks PFM - with you and Frank both setting me straight, I'll duly shuddup now  . I really haven't looked at this one at all simply because the geography is wrong. My house is zoned RU, and I think we have about 10 outbuildings, but we also don't have neighbours looking to protect their lake, or traffic coming and goin gall hours of the day.

Most RU properties of any size would have a number of outbuildings.  Don't forget this is a farm designation, and those outbuildings you are talking about are for livestock, farm implements, feed storage, greenhouses, waste containment, water supply, etc....all things that are very necessary to run a farm...however, not fit for human habitation.   I put up a workshop on  my property, and included a loft for good measure...dormers, and nice windows, would make a nice little batchelor pad, but I had to sign a document when I got my building permit, swearing that it was strictly for material storage.  I'm looking to finish it into a poker nite attic with high power ventilation to remove the cigar smoke.

[Pfm1011]

I had to sign a document when I got my building permit, swearing that it was strictly for material storage. I'm looking to finish it into a poker nite attic with high power ventilation to remove the cigar smoke.

material storage with windows and dormers  
It one thing to bend the rules, The township is fully aware that you will use it a guest house when the grandkids come and no-one will care if no-one complains..don't abuse it and don't let anyone actually live there..

With the shouldice land you could build a changehouse at the lake ( with a hot tub ) you could have a sauna shack , you could have a car garage, you could have a barn, you could have a forestry equipment storage, you could have a workshop, you could have a maple sugar shack, tractor storage ,   you could have several shacks on the property for rest stops for when you are working in the forest etc etc etc.so sure your kids or your brothers family could stay in a bunkie or two for a weekend and no-one will bitch..but that's alot different then 100 kids at a camp.  

The lake is just too small , five canoes and its a traffic jam and if I was the neighbours and 30 people came to camp I would be freaking ..

HP used to have a 1100 acre camp in Kingston (On Hewlett Packard rd conveniently enough) and the main lake was similar size but was completely private as it was locked, They had a maximum of 40 people there at any time and when it was a full house it was annoying ..now add 20 cottages full of people on a long weekend. ( say 4 to 6 per) .Just shoot yourself


The piece the Mormons bought on Little bald is a good piece for a camp as they could build everything at the north end on the lake and be 2800 ft from the neighbours who are on a different lake

[Outback]

Not sure if it was mentioned here already but the neighboring property to the west is currently listed for $395,000. 

240 acres w/2000' of water frontage.  Is listed as vacant with no mention of any existing buildings or services.

[Pfm1011]

That has been for sale for a long time, on cottage link for a year and a half.   Listing is faded in the agents window in town, ..She paid 56 for it in 96 or 97 which makes it worth around 150 tops. It has no road frontage and will cost a ton to open up if they ever let you , Considering the two lots beside are under hold , I'm betting on no permit .  395 is a complete joke and she is dreaming. It was 450 , It is such a joke that the agent wont even spend to run it on MLS

287 buys 3 times the lake frontage , with frontage on dyers bay rd ( clear building permit) ability to cut two more lots  on dyers rd, road right through the property, hydro to the site. ( Im betting the property might pull 350/379 on MLS in less then a year. The tax sale actually increased the value as 56 people  made plans for the land .  The winner could probably post on here and get the 350 or close to it

395 asked for ..no permit, no road ,  no hydro ,  The good building site is 1800 to 2000 feet in ... hmmmm good luck  

The winner of shouldice should offer her 125 to 150  max , and if she turns you down, drop it to 100 and hold it there.  She will get sick of paying the taxes and sell it. If she holds it who cares as it is just forest..let her pay the taxes