Township of Archipeligo results.

[Dave2]

Dave,

I completely understand your reasoning.  I am hoping whatever it is, that the repercussions are nominal to say the very least. I think I have an idea of what you are referring to but
I will wait for you to share the information to confirm my suspicions
Instant adaptation ... if only it was that easy. 
Rich 

Rich:

Whatever it is it is sometime off and may only affect a smaller group.  Right now there are much more significant problems in the province from this ice storm and I hope that everyone gets their power back and can enjoy an Xmas dinner.  Merry Xmas

Dave

[Dave2]

Dave,

Are you referring to the blanket increase in development charges province wide?

Raisin Box: 

could you outline your information on the development charge increases.  I expect some in Northumberland county because of a new county wide official plan but further perspectives might prove of value for those wanting to build.

[David1010]

Just some follow-up information. Had to retype the numbers so...

as per Archipelago website:

Summary of Bids

Description of Lands: PIN 52093-0133

1  $   155,000.00
2  $   125,000.00
3  $   105,020.00
4  $     82,300.00
5  $     68,888.90
6  $     67,090.00
7  $     65,100.00
8  $     55,000.00
9  $     52,000.00
10 $    46,160.00
11 $    37,500.00
12 $    32,500.00
13 $    25,775.00
14 $    25,205.00
15 $    20,000.00
16 $    18,600.00

[David1010]

This one will get added to the list.

I have a bunch of properties that I've investigated over the last few years, that I return to just to see what's happening.  Sometimes a property will sit and deteriorate, other times a full crew will gut and rebuild, sometimes people move in and just go with what comes.

Have to wait for the snow to start melting before I regularly get up there again.

Still looks pretty wintry (from the Deep Bay Association's Webcam)

[Dave2]

Have to wait for the snow to start melting before I regularly get up there again.

Still looks pretty wintry (from the Deep Bay Association's Webcam)

Dave:

What is your estimate of a reasonable fixup budget for this property pending snow melt?

Unless you are Mike Holmes often it is higher then people realize.

[David1010]

I'd be blindly guessing when it came down to costs to do the renovations.  Under the conditions I saw it, I couldn't see anything overtly broken.  What I could see was a lot of aging, seasonal build quality, and some things which if they weren't causing trouble would eventually cause trouble.

For the individual(s) who won, its what they're willing to accept for cottage use, middle of May to Middle of September.  I'm happy with a cottage with open framing on the inside, just no leaks and a view.  If aesthetics are important, then they'll be doing siding, windows, doors, decking and possibly the roof.  I'd be guessing again, but I'd say there is 3 or less inches of insulation in the walls, so they'd best to invest in layers of foam insulation for the exterior while doing the siding and windows.

Given the state of the exterior, the interior probably isn't a whole lot better.  I couldn't see anything of the interior, but someone has.  An extension ladder had been positioned to allow access to the second floor via a rear deck.  I'd guess from what is typical for that kind of build and area, paneling in most, if not all rooms.  Typical flooring might be particle board and plywood, with linoleum or carpeting.  More work and expense.

I wouldn't say this was an abused or neglected property (well maybe recently it was).  It was built in the early 70's for seasonal use, so some of it is approaching 40 years of use in a harsh environment.

In my mind the dollar signs are rolling over pretty fast, maybe a budget of $50-60,000 on the exterior.  Probably wrong there, I catch a few of these reality shows where they spend $40,000 on a kitchen.

Two things that come to mind as possible issues for costs are, how much are the contractors and suppliers going to charge for traveling that far out, and at what point do the renovations require you to build to year-round building code standards further increasing the costs.

(Still looks like Winter)

[Ronster]

My bid was based on being a "do it yourself" type, and I looked at this one as something I could work on while staying there on weekends, holidays etc..  I have a few good friends that might like to make use of it too, in return for some help. It might have taken me a couple of years to get it into decent shape perhaps, but it could have been enjoyed by family and friends, once some of the work was completed, until it was ready for sale.

[Dave2]

My bid was based on being a "do it yourself" type, and I looked at this one as something I could work on while staying there on weekends, holidays etc..  I have a few good friends that might like to make use of it too, in return for some help. It might have taken me a couple of years to get it into decent shape perhaps, but it could have been enjoyed by family and friends, once some of the work was completed, until it was ready for sale.

Ronster:

I rest my case. Yours is a perfectly logical bid for private use for which a person can always afford to pay more.  Immediate resale is more complicated and expensive as often you have to pay professionals unless you are in the construction business yourself.  

As I said earlier I had no problem with your bid.  For private use during construction you also gain the advantage of being able to do it in stages versus for resale you normally have to do all renovations prior to sale.

By delaying sale you may also be able to increase the price if Georgian Bay water levels rise which is important for this propberty. See charts and forecast.

http://www.lre.usace.army.mil/Portals/69/docs/GreatLakesInfo/docs/WaterLevels/MBOGLWL-combined_bulletin_and_backpage.pdf

[Ronster]

     Rising water levels are good news for many of the cottagers all around the great lakes, unfortunately with my third place bid on this one, I am not among them. 
     As a side note, the municipality decided to keep both second, and third place bid deposits for the two week period, despite my protest that it was only second place they were supposed to hold!

[Dave2]

    Rising water levels are good news for many of the cottagers all around the great lakes, unfortunately with my third place bid on this one, I am not among them.  
     As a side note, the municipality decided to keep both second, and third place bid deposits for the two week period, despite my protest that it was only second place they were supposed to hold!  

Ronster:  

If the municipality wanted to keep my third place bid I would let them.  Municipalities are not as stupid as some people on this board think.

Maybe the first place bidder was likely to walk.  Be patient.  You know your stuff and will be successful in the end.  Consider the analogy to baseball.

The best hitter only hits one out of 3 and strikes out more then he hits.  

I have been called a barbarian by this guy   and a specialist by G2020.  The truth is somewhere in the middle.  

Be patient.  If your bid pattern is like this one You will get what you want at a price you make money.  Go back and read my posts about "bigfoot" and how many times I lost to him and you would be amazed at what is going on now.  I lose to idiots all the time. Those guys I can handle but the people returning from the south I am worried about now.    

The spring will be interesting. Let the games begin.  

When you drive by Cobourg look me up.  Us barbarians are social to people who earn our respect and I place you in that category.  

[Ronster]

     I took the positive view that there was a small possibility I could be awarded the tender, if first and second place bidders had forfeited their deposits.  However, I probably would have been quite concerned as too why the top two bidders would have walked away from their money.  Under this circumstance, the municipality could not legally keep my deposit, if I too decided not to pay the remaining 80% balance.  
     In addition to this tender I have had several second place bids in the last half year, with no first place bids!  I second guess myself after losing, but conclude that I have bid reasonable amounts, and allow for respectable profit in my bids... otherwise what is the point?
     Patience is not a problem, I did win one tender 3-4 years ago, problem is that my wife and I fell in love with the property, and are not likely to ever sell... not much of a good business plan, but it keeps me in the good books with my better half!
     Thank you for the compliment and invite, Cobourg is a beautiful town, and I will try and stop by some time.

Cheers!  

[Frank]

Ronster,  Municipalities will usually keep bids until they have had a chance to make sure that they are all good.  I bid on one in Parry Sound years ago, and as it turned out, I was second and the first bid was eventually thrown out (albeit by a judge), so they should have kept the third as well. 

[Ronster]

     That makes sense, unless the act governing tax sales specifies a time frame in which the deposits for tenders must be returned. I wonder if anyone has had an issue with their bid deposit being kept for an unreasonable amount of time?

[g2020]

Yes, when the treasurer became aware of a last minute government lien registration - eventually the sale was cancelled. The Act allows the treasurer a great deal of discretion with respect to conducting a "fair and orderly sale".💰