Ontario Tax Sale Property Forum

Tax Sale Forum => Questions and Answers => Topic started by: DruMc on October 22, 2007, 08:31:25 PM

Title: Rideau Lakes
Post by: DruMc on October 22, 2007, 08:31:25 PM

Has anyone completed a search on the rideau lakes farm property?  Being new to tax sales I have completed a search bu I am not the greatest at reading a seach.  Can someone please tell me if there are any liens against the proeprty or hiddencost that if sucessful I will have to pay?

Thanks,

DruMc

Title: Re: Rideau Lakes
Post by: Pfm1011 on October 22, 2007, 11:44:56 PM

Hate to be "nasty" but why would anyone  pay for a title search, execution search etc and then tell you the results so you can bid against them? 

If you are serious about a piece you have to do your "due diligence" which means pay for title searches ,executions etc then check the land out physically.. IE drive five hours to smith falls . Then you have to search comparable sales in area to see what the land is really worth.  Bidding may be free but you are seriously looking at several hundred a bid in diligence and if you want to do comparables you have to spend 2 to 3 k a year for subscriptions

100 acres in smith falls vs 100 acres in toronto .. coal to diamonds difference. Just check MLS for house listings in Smith falls, houses for under 100 k and hersheys hasnt shut down yet..thats next year

Title: Re: Rideau Lakes
Post by: DruMc on October 23, 2007, 12:45:00 PM

Thanks for your help.  I have done all of these things.  I have the information package, title search and photos of the property that I have taken.  I just dont really know how to read the title search.  there are references to Reg. Numbers that are not on the search.  Can anony help? please?

Title: Re: Rideau Lakes
Post by: jwjonker on October 23, 2007, 03:27:15 PM

The 776 townline, Smiths Falls, was just redeemed :'(....just got an email from the treasurer....
but that's the only one....every other property is still good to go, including the cottage on the waterfront !! :)

Title: Re: Rideau Lakes
Post by: DruMc on October 23, 2007, 03:49:28 PM

I was just at the registry office and the clerk there told me that the cottage is going to pay their taxes tomorrow. So keep an eye out.

Title: Re: Rideau Lakes
Post by: dogbone on October 23, 2007, 05:27:30 PM

I also heard the owner was going to pay up, but you never know for sure until they do.

Title: Re: Rideau Lakes
Post by: li4ts on October 23, 2007, 09:27:45 PM

I can't seem to find the listing for the Rideau Lakes farm property referred to in the Original Post.

Can someone tell me where to look ?

Was it removed ?

Thanks.

Title: Re: Rideau Lakes
Post by: Frank on October 24, 2007, 01:39:02 PM

That sale is being held at 3 this afternoon....if you hurry you might still make it.  It was originally advertised in the Gazette on Sept 15th, and then corrected on the 29th.  Where have you been??

Take Notice that tenders are invited for the purchase of the land(s)
described below and will be received until 3:00 p.m. local time on 24
October 2007, at the Municipal Office, 1439 County Road 8, P.O. Box
500, Delta, Ontario K0E 1G0.
The tenders will then be opened in public on the same day at 3:00 p.m. at
the Municipal Office, 1439 County Road 8, Delta.

Title: Re: Rideau Lakes
Post by: olga on October 24, 2007, 09:53:52 PM

Hi, does anybody know what was the highest bid today for the cottage on Kanes Bay?
Thanks for sharing this info...

Title: Re: Rideau Lakes
Post by: dogbone on October 24, 2007, 10:23:25 PM

Also anyone here the prices on the other properties in Rideau Lakes?

Title: Re: Rideau Lakes
Post by: adavidso on October 26, 2007, 10:44:54 AM

also interested in the result from this sale...

Title: Re: Rideau Lakes
Post by: jwjonker on October 26, 2007, 03:17:41 PM

Quote from: dogbone on October 24, 2007, 10:23:25 PM

Also anyone here the prices on the other properties in Rideau Lakes?

Cottage @ 1401 North Shore Rd. 6, Upper Rideau Lake, File 05-22 went for 101,000 and 2nd highest @ 87,6000 :o