Toronto tax sale

[justlooking]

Hi everyone: I have visited the property at 42 Allanbrook and learned that this property has been vacant for the past 15 years. Neighbours have been trying to purchase / obtinain info from estate but no luck. Any idea from anyone what the percentage of the assessed value this property should go for if not redeemed. I cant believe that the family would let this go for $49000.00 in taxes owing. Similar homes are going for around $450000.00 and the listing down the street which is a small detached is listed for over $580000.00

[Rob]

Check for liens..  I bet you'll find a few going back 15 years

[Pfm1011]

Does it look like the house has been empty 15 years???,  has the hydro/heat  been off? If so your pipes are shot and there is probably a pile more problems . which essentially could mean , "gut down to the framework"

As per area sales there is some  on the street south of 400 in the last year

[justlooking]

According to a neighbour possible raccoons have taken up residence. I peeked in the windows and furniture still there but no visible signs of damage to interior. I was hoping someone else here had checked out more.  Seems to have been quite a bit of drive by activity from what I have been told. Tried the next door neighbour but no one avail

[Pfm1011]

If there is raccoons and they have been several years, you can expect at a min stripping out all ceiling drywall and attic insulation, probably have mice and squirrels , etc ..back to gut job.


Do I have this right?..you are going to the neighbours and asking them questions...you do realize  they will be bidding against you ..
and since it is Toronto you can expect this to go north of 200K

[justlooking]

Yes, going to neighbours. You also may be bidding against me. This forum is open to the public and not so much a secret. Majority of public not interested in this sort of thing anyway or thousands would attend  sales. Guess what, neighbours are also informed and read the papers.They were well aware that this property was up for tax sale.
 I did look around a bit. the back of the house had lots of openings that were just the right size for squirrels , mice etc.  I'm sure that this house needs full gut and new roof to boot. What do you think around $100,000.00 for repairs?

[Sasha]

Previous sale in T.O, all properties were cancelled, even the ones that could have been demo'd.  No matter how bad the shape of the property, in T.O, its still worth it.
The neighbors probably know, but don't count on them for any reliable advice.  I've previously asked the neighbors, from my very little experience, they lie.

A friend of mine went to take a look at a property and was told that there were racoons in it.  Another friend of mine took a look at a property and the same neighbor told her a guy owned it and his mother had given it to him, don't believe any of it. 
As for 'private deals', I'm sure many of them make these sort of deals unless they aren't in the right state of mind.  If your neighbor that you knew for quite a while, lost his or her job, suffered from depression and wasn't in the right state of mind to listen to any advice, trust anyone or make any 'private deals' would you give good advice to a stranger trying to 'cash in' on someone else's suffering?  Yes, I know, thats just how the world is, many of us, and there are many occupations that 'live off other's suffering', but its difficult for someone that may be 'close to the situation'.  If the person has any friends, then I'm sure someone has offered to loan the owner money and those that aren't in the right state of mind may say no, not trusting anyone, though anyone offering to loan surely trusts the person will repay it.
A 'not so sarcastic' neighbor told another friend 'where to go' when he attempted to take a look at a property.  Better to do a 'drive by'.