Springwater

[Sasha]

My 12 freebies at MPAC are used up for the year.  I have to pay for the information and I won't share either.

[26.2]

Hi There Sasha
I don't blame you for not sharing.  You have to look after yours first.  Just share the problems and head aches so we don't waste time, ie toxic dump.  I had no idea about the Kearney waterfront either.  Another lesson,  --check everything and do your own homework.  By the way, re Whitby, Glen Hill property,  some windows are taped shut,  plastic is nailed below the window and the upstairs window was wide open.  The blinds were completely closed and the hydro meter was spinning.  The place looks odd compared to the neighbours. 

[quikcar]

Was in the area of the Springwater place on Sunday, so we dropped by. Chose the method suggested of going to the neighbouring place that is for sale and empty.  All accounts previously on here are correct about all the junk when driving down the lane way.  The old place is in pretty tough shape, interesting thought, the other cottage that was noted as being set back slightly further had smoke coming out of its chimney. It looks much like the subject property and not in much better shape.  Looks like family members that built these places from logs from the property.  It was mentioned before that these places had not been used in years.  There were people at the year round place, it is definitely not a prize either.  The cottage that is for sale may have a tough time, as the neighbouring places really bring it down.  The driveway from the highway to the subject property, had a gate across that was locked.  Looks like everyone uses the same access road driveway.  Even if you got this place it tends to look like 1) a junk yard driving in & 2) where the property lines exist as a problem (survey yes but then probs with the neighbours) & 3) can you rebuild something or does it become a camping lot?

[JMAN]

Your bang on with the land dispute issue.  When I spoke with the neighbour (don't know if you saw the new fence's) there is more than 1 dispute going on in this area.  At a minimum of 14K, it becomes pricey for a camping lot with communal property at best.
the driveway that is unused does appear that it may belong to the cottage and could potentially be used again to get around the scrap yard but just try enjoying your own little cottage in that area with out putting up some high hedges or creating more problems with the neighbours.  Only good thing is a possible purchase for resale to the current family that owns the year round residence but does not seem to own any waterfront.  They may already know its up for tax sale and be bidding on it themselves.

Good luck happy bidding.

[quikcar]

So JMAN, I'm thinking that it is "maybe" worth the taxsale price & definitely not one of those jewels that we miss, like what I'm hearing about Kearney?  All I see is a narrow lot and many future problems with the neighbours at the year round place, I don't see them as being the most congenial bunch, reminded me of something out of the Smokey Mountains in Tennessee.  Same number of teeth, although my view was from a distance.

[Pfm1011]

" When I spoke with the neighbour ...They may already know its up for tax sale and be bidding on it themselves.
...

Every friggin taxsale.......why not put up tax sale sign ..or even better tell everyone what you are bidding too

NEVER TALK TO NEIGHBOURS!!!! They are not your friends, they are your competition...Just so there is no confusion

NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!!NEVER TALK TO NEIGHBOURS!!!!  NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!!

And  just for good measure..NEVER TALK TO NEIGHBOURS!!!!

Lets try a Multiple choice. 

When looking at tax sale property do you

 A: Talk to everyone possible to ensure they are fully aware of the tax sale and your interest in same so that they can bid against you after telling you negative things in order to keep you from bidding or bid low   or

B: Talk to neighbours and local real estate agents in the area as they are also a trustworthy lot who would never end run you OR

C: NEVER TALK TO NEIGHBOURS OR ANYONE ELSE ABOUT THE TAXSALE AS EVERYONE IS POTENTIAL COMPETITION

[Frank]

" When I spoke with the neighbour ...They may already know its up for tax sale and be bidding on it themselves.
...

Every friggin taxsale.......why not put up tax sale sign ..or even better tell everyone what you are bidding too

NEVER TALK TO NEIGHBOURS!!!! They are not your friends, they are your competition...Just so there is no confusion

NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!!NEVER TALK TO NEIGHBOURS!!!!  NEVER TALK TO NEIGHBOURS!!!! NEVER TALK TO NEIGHBOURS!!!!

And  just for good measure..NEVER TALK TO NEIGHBOURS!!!!

Lets try a Multiple choice. 

When looking at tax sale property do you

 A: Talk to everyone possible to ensure they are fully aware of the tax sale and your interest in same so that they can bid against you after telling you negative things in order to keep you from bidding or bid low   or

B: Talk to neighbours and local real estate agents in the area as they are also a trustworthy lot who would never end run you OR

C: NEVER TALK TO NEIGHBOURS OR ANYONE ELSE ABOUT THE TAXSALE AS EVERYONE IS POTENTIAL COMPETITION

PFM.....couldn't have said it better myself....except you forgot one more thing.   NEVER TRY TO CONTACT THE CURRENT OWNER...no matter how curious you are as to how they got into this situation, or well intentioned you are in our ambition to 'help them out'.   Wait I think I'm going to puke...   Why are we in this.  Let me tell you, every neighbour that I have stumbled across when looking at a property, has shown their ugly faces at the sales...be it for themselves, or their dear brother-in-law.

[farrouk]

OK the gig is up. All the inbred, hill billy neighbours are paid actors that I have planted on you guys so I can come in a scoop up the property cheap.

[Pfm1011]

farrouk...I thought my plan of sticking empty toxic waste barrels around was good....but paid actors..very tricky.   I ,yet gain, am found to be inferior

[twinn1]

If the neighbours know about this tax sale it is as good as sold.  This one is one of those properties that would be worth the minimum plus 10k at the most.  It will never be more then a glorified camping site, you will not get permits to build on that lot, my guess is that the property was built without permits back 20 years ago when they did not matter. For those that are bidding, really look into the "right of way" disputes as those are deal breakers and make this property very hard to sell for a quick flip.

Folks, it has been said before, never talk to neighbours or owners, you are just doing yourself and others a huge diservice, were all in this too win.

[JMAN]

So let me ge this straight.... talk to as many neighbours as much as possible right...  Please...., Your point was made, but for those of you who are like me and have half a brain in your head, if you do end up talking to someone "NEVER" mention tax sales...are we all clear (CYRSTAL).  This I felt was a unique area that has multiple properties up for sale and direct questions were only asked about those properties with some general questions about neighbours. Does this meet with your approval... oh wait I really don't give a crap but keep up the rants, its good for the blood pressure.

[twinn1]

JMAN, I don't think that these posts were all directed towards you.  The truth is that in most of these small town tax sales are common knowledge to the locals.  Even if they are not, the amount of increased traffic with people stopping to take pictures etc.. will generate enough interest to investigate.  I would say that in 80% of time, most tax sale properties are only of value to the neighbours anyway. 

 

[farrouk]

Guys and Gals
There are obviously many interested in this property.
Here's why
Relatively close to the centre of the universe (Toronto)
Lots of people trash talking the property
Twinn1 states its not worth more than $24,000 (good luck with that bid)
Every bango playing neighbour has been alerted and they are all pooling their disability cheques for a bid.

No one will get a deal here, and someone will over pay badly for this one.
 

[twinn1]

Farrouk,  I am NOT going to bid on this property for the reasons that I already mentioned.
In my opinon its not even worth 25k, but thats just me.  My theory on this one is that it is not sellable with a realtor for resaons unknown(junk on land, zoning, land disputes etc..) and the owner would rather let it go at tax sale knowing they will get more then with a realtor. Just a theory
We are all looking for something different, me, I want a nice piece of land that I can build a cottage on, some others are looking for a permanent campsite, other are looking for a huntcamp etc...  As for value, cottage prices are coming down, go to realtor.ca, type in recreation and put in up too 100K, lots of choices out there. Even in the 0-50K range there are a ton of cottages available at Sauble Beach(land lease) but they are still rentable unlike this gem.   

Pro's
Close to Toronto, ideal location for a quiet cottage, its on a small lake, great for canoeing in summer,snowmobiling in the winter
Waterfront
Already has exsisting structure
Property can be used with minimal work-no logging or permits required to use

Con's ( I did not visit the site or buy the info package, this is based on user comments on this board)
Zoning and weird land parcel make building on this one very questionable(envirmental hold and setback from the lake are what you should be looking at)
Lots of garbage on property
Right of way dispute (questionable as it is second hand info, if you are bidding you better look into this)
Proximety to neighbours means this is not a very private setting

Like anything this parcel is worth what ever someone is willing to pay, it will be interesting to see how much it goes for.

[Frank]

Hey, you guys are beginning to sound a bit like my kids.   Personally, I wouldn't go near it for all the reasons cited.  There are cases when people have let properties go to tax sale in the hopes of getting more than market, and this certainly looks like one of those.   A few years ago there was one on the French River that was on MLS for $80k, and it went for over $100 on tax sale...weird.

good luck with it