charlton and dack

[Dave2]

I don't even have this guys defence;  >:(Don't hit me I am earing glasses.) Her cast iron frying pan that bakes five pancakes at once is heavy.  

Dave...I'm not sure I get your drift here...what the heck are earing glasses?  

Frank:

A true event like what we are talking about here is probably an interesting comment on this whole situation.  In my case being unexpectedly called to my front door and not having time for a proper edit leads to total confusion as the addition of the letter W does change the post.

For some reason when I found out that the person at my front door was in from Toronto looking for a building lot  my normal priority of giving you guys (and girls) my total attention changed for some reason.  

I think this whole situation is an interesting comment on the danger that the changing landscape caused by OTS , google earth etc is causing this business.   The increasing pressure of competition means we have to make decisions faster which increases the risk in ways we don't always appreciate.  

So far personally I have been lucky not to get burned (though I have come close (see historical posts what happened to me on a sale when the bid documents got mixed up.)) , sooner or later I expect I will have my own problems.

One of the more interesting issues as well is how much you want to bet on a single property.  I don't have the experience of some of you old timers here so still feeling that one out.  I just wish I had your luck to have a mild mannered boss as I hear they are from her part of the world.  You don't want to experience how tough they can get from the part of the world mine comes from.

[Frank]

I think this whole situation is an interesting comment on the danger that the changing landscape caused by OTS , google earth etc is causing this business.   The increasing pressure of competition means we have to make decisions faster which increases the risk in ways we don't always appreciate. 

 I just wish I had your luck to have a mild mannered boss as I hear they are her part of the world.  You don't want to experience how tough they can get from the part of the world mine comes from.

Dave
You are quite correct in your comments regarding the increasing ease of obtaining bid information.  Which is of course changing the way we do our business...an old adage comes to mind, 'if you can't stand the heat, get out of the kitchen'.

And as far as mild mannered bosses, you are far from correct.   Mine is of Hungarian heritage, and they can squeeze blood from a stone. 

[Dave2]

And as far as mild mannered bosses, you are far from correct.   Mine is of Hungarian heritage, and they can squeeze blood from a stone. 

Actually I have very favourable memories of my only visit to Hungary in 1988 when the country was just opening up.  Remember very vividly when we crossed the border from Austria with my wife who was still traveling on her Finnish passport.  They looked at hers for about 30 seconds and waved her through.  They were very suspicious about my Canadian passport.

Beautiful trip as we were guests of friends she made when she worked there for a year in the early 1970's.  Finland was one of a very few non Communist countries allowed to do it at the time.   

[Frank]

Bid on a property last minute and blind last year in Ramara trusting their paperwork. I won and during the 14 day period found their paperwork was wrong, believe it or not they made right and gave back my 20%

So please learn from this, but I believe most towns want to do the right thing.

Doug

Just so you don't go in blind on this one...there are three Crown liens registered against the property/owner.  Don't get caught with your pants down.   

Building is a shambles...and contrary to the legal description - the property doesn't go right to the river...there appears to have been pieces severed in the past, in addition to the 60 ft shoreline road allowance.  Could possibly be severed into about 6 lots, after much paperwork and cost, but what does a lot go for in that area, and is there any demand.

[DRD]

Thanks Frank

Going in blind is not something that i normally do, but you have to gamble sometimes.

[DRD]

I believe that it went today....does anybody know what it sold for? if it sold.

[Frank]

I believe that it went today....does anybody know what it sold for? if it sold.

bid opening is at 3 today...long drive, so you'd better get a move on.   

[shah]

No any bids received for this property.

[DRD]

Thanks....could have picked up for min, my style

[shah]

Who would want to buy it with three crown leans registered on the title of this property.

[Les Pisrael]

  "Who would want to buy it with three crown leans registered on the title of this property." ?
 Surely not this one!
However,last fall a truck/Car repair shop--on going business had a crown lien of $425K.Tax arrear sale were under $45K
My thoughts were--No big deal, buy the place and rent the place out at $2-4k per month and pocket the money (minus Property Tax). Crown tax can stay all it likes 
P.S. second thoughts--what if the government gets wise and slaps the liens on my home residence? Ouch!
 Any expert on Crown liens?

[Dave2]

Who would want to buy it with three crown leans registered on the title of this property.

To be honest I don't understand the boards interest in derelict industrial buildings.  I stay away.  You are just asking for trouble let alone the crown liens.

There are much better opportunities available you just have to do some digging.  Everyone expects that OTS Jeff will hand it to you on a silver platter and then bitch when there is competition.  

I for one would go after opportunities like Kirkland Lake.  Note I have not done my legals.
I have too much on my plate to go after it myself.   For the would be landlords in the
group the town is completely out of rental space.  Note picture is 18 months old.


There are also some private residences available for which I have photos but there is too much meg for the board to handle.  For a few cold ones you can PM me. for copies.

[Les Pisrael]

Most of property tax arrears are dog's breakfast and not only industrial properties.It is shamefull for folks on this site and the hungry money undertakers at OTS and worse the townships who do not reveal crown liens or totally sterlized conservation lands or lands being too small to get get a septic permit.Most of Conservation lands are so restrictive that the owner is only allowed to walk on and pay taxes. Check out the recent Brock OTS listings
ontariotaxsales.ca/nc/upcoming-tax-sales/featured-properties/single-property/pruid/1802/TSuid/439/pBack/78.html
 Shamefull--be cautious {:^(

[netpred]

Most of property tax arrears are dog's breakfast and not only industrial properties.It is shamefull for folks on this site and the hungry money undertakers at OTS and worse the townships who do not reveal crown liens or totally sterlized conservation lands or lands being too small to get get a septic permit.Most of Conservation lands are so restrictive that the owner is only allowed to walk on and pay taxes. Check out the recent Brock OTS listings
.ontariotaxsales.ca/nc/upcoming-tax-sales/featured-properties/single-property/pruid/1802/TSuid/439/pBack/78.html
 Shamefull--be cautious {:^(

Every once in a while (but not too often), Les says something intelligible and intelligent.

[shah]

Most of property tax arrears are dog's breakfast and not only industrial properties.It is shamefull for folks on this site and the hungry money undertakers at OTS and worse the townships who do not reveal crown liens or totally sterlized conservation lands or lands being too small to get get a septic permit.Most of Conservation lands are so restrictive that the owner is only allowed to walk on and pay taxes. Check out the recent Brock OTS listings
ontariotaxsales.ca/nc/upcoming-tax-sales/featured-properties/single-property/pruid/1802/TSuid/439/pBack/78.html
 Shamefull--be cautious {:^(

What do you folks think about this one, is it also not buildable:
ontariotaxsales.ca/nc/upcoming-tax-sales/featured-properties/single-property/pruid/1810/TSuid/441/pBack/78.html