Ontario properties to be sold for unpaid taxes

[Recoil]

Hi, my names Jay. This is my first post.

I am finally going to get my Firearms safety so I came here to get away from real estate and funny enough this topic found me all on its own.

I found this interesting, as I myself have been searching high and low for cheap property in Ontario.
It's amazing that I have never really heard of tax sales until just now even after years of real estate investment. Maybe a sign of old age...
Thanks for the link Hawkman,... I took a look at the website wwwtaxsaleproperties.com but it just took me to some leader page or something? Where do I go after i get to the main home page?

Not all is lost! I did however stumble across another website while plugging Google for answers about tax sales in Ontario. It was called www.tri-target.com and appeared to be pretty straight forward with respect to tax sales. It says "Ontario's Tax Sale Community", so hopefully they live up to their claim.

Anyone in the Algoma area? There are a number of tax sales out this way right now, some of which could even be good for hunting...?!!

Looking forward to learning from you guys!

Cheers,

Jay

[Marker]

Thanks for the websites, when I look on eth site taxsaleproperty.org it gives me the below description, how do you tell the size and coordinates of this property? (I picked one that has closed just so I dont mess any one's bidding up)

Roll No. 57 76 000 007 15200 0000; Highway 17, Wawa; PIN 31170-
0102(LT); Parcel 10133 Section AWS; Location MS2 Lendrum; Location
EQ170 Lendrum; Michipicoten. File No. 12-04
Minimum Tender Amount: $35,962.70

[Gilroy]

Most of the land going for unpaid taxes have some sort of warts.As has been stated swamp,logged out,no road access.There might be the very odd exception where a property tax was not paid because of a death and was overlooked in an estate.But basically they will not be the most desirable of places to buy.

If they are half decent the locals generally have a good eye on them.At bidding time they are right in there and relatives working in the Township offices tip them off to good properties.

When my local Township had a sale back about 5 years ago there were 14 properties up for grabs.Apparently no bids.

I did not view or inquire about any of these properties but they must have been pretty poor.I will be looking at the next list in case any places are abutting my land.

[Gilroy]

First off, just wanted to say thank you to all of you who took the time to reply to my post very much appreciated!!!

I guess I will really have to think about it and do my homework on it.
Thanks for the website, I'll will check them out.

A friend of a friend had two pieces of land in the huntsville area 100 acres each land. He first wanted $20,000.00 for each property which I did not have a problem with that, I would only buy just the one piece of land.

He then came back to me at $25K and I said fine, then again 30K, so I ask him do you want to sell this property or what...
He came back to me and said yes, $40 for 100 Acres. I told him to shove it.

I found out that the reason he was really selling the property is that he was getting a divorce and needed the money.
At the end, he gave both properies to his ex wife which turnaround and sold it for $30K for both.

Would have been a nice deer camp.



Thanks again,
Luba

Well you seemed to have missed a golden opportunity on this parcel, this was an excellent price.The going rate on that land alone would be $200,000 provided it had good access and not all swamp.Its to bad your "friend" was not more open and truthful in his dealings with you.It lookes like he screwed himself and his ex on the value of the land.There is also the possibility that she sold it for cash and only listed it as $30,000 for tax purposes.That way she screwed over your friend and got more out of the divorce.LOL

[Recoil]

Thanks for the websites, when I look on eth site taxsaleproperty.org it gives me the below description, how do you tell the size and coordinates of this property? (I picked one that has closed just so I dont mess any one's bidding up)

Roll No. 57 76 000 007 15200 0000; Highway 17, Wawa; PIN 31170-
0102(LT); Parcel 10133 Section AWS; Location MS2 Lendrum; Location
EQ170 Lendrum; Michipicoten. File No. 12-04
Minimum Tender Amount: $35,962.70

I might have exactly the answer you are looking for Marker...

This information is actually available on the Tri-Target site i mentioned in my previous post. If you check the tax sales and go to the more details pages, there will be information that can assist you with determining property location etc. I am sure they have a map embedded for each property they've got listed.
As for property size, you could contact whoever is listed at the bottom of the ad or anytime i need this information I always start with either Tri-Target or another newer organization named www.GoTaxSales.ca (I have inserted the link for you)... anyhow, most likely either of these companies could give you an approximate size. Both - really nice folks! And no worries, they won't charge you for support or answering questions... I remember being concerned about that, but was never an issue. Not yet anyhow.

So, Marker...Are you a seasoned tax sale..r? Any big wins this year?

Cheers,

Jay

[Recoil]

So on another note, can anyone point me in the direction of the section about bows etc., looking to learn a little bit about what type of compound bows are out there and if there is something thats good for beginners but can still be grown into it without having to upgrade gear right away. 40 - 70 pound range, something adjustable. Like the bells and whistles too, but some of them look kind of cheapo.

Any advice on a good bow? and link to good bow forum discussion if anyone knows off the top of their head.

Tks!

[trimmer21]

It can be done but be carefull.Most of those properties are landlocked,meaning if you can't drop in by float plane or parachute,there's no access.Without permission from neighbors to cross their property,you're done like dinner.A buddy of mine just got burned bad.He didn't do the due diligence thing and quickly found out his property was surrounded by Toronto weekenders.No trespassing signs went up as soon as they found out he was hunting the property along with the OPP.With no deeded access,there isn't anything he can do about it.Now he's stuck with a useless piece of property.It's likely why it was abandoned in the first place.

Just an update on this post (dragged up an old one,here,didn't we?) Fast forward 18 months,my friends thought that all was lost on this property,but,it turns out,there was a hydro easement that the locals didn't realize could be leased that connected to a concession road. It's not landlocked,anymore. Long story short,rather than be faced with the reality that (horror of horrors) hunters were invading their little worlds,after exhausting all avenues to keep the "landlocked" owner out,they decided to approach my friend with a very attractive offer to buy him out. Six months later,the fifty acres sold for $66K with buyers paying all legal and closing fees. Not bad,considering he bought for back taxes of under $2K.

[JBen]

If life we're different Id be shopping hard right now for a little slice of heaven.

Economy is still struggling
Inflation is down.
Loonie is down
BoC is hinting at a rate cut.

Tax sales are one route but there are usually reasons why taxes go unpaid.
Could be a lot of land/hunting ppty up for grabs this year.

[trimmer21]

Just a "heads up" for anyone contemplating buying recreational property,pay very close attention to the Algonquin land Claim in eastern Ontario. Many properties could be getting dumped very cheaply in anticipation of this deal. Due diligence is the keyword,there.

[line052]

This is so true, as I am learning looking for 100 acres myself. OOD Main website has good maps showing land claim areas as a starting point.

Just a "heads up" for anyone contemplating buying recreational property,pay very close attention to the Algonquin land Claim in eastern Ontario. Many properties could be getting dumped very cheaply in anticipation of this deal. Due diligence is the keyword,there.