[Very Hot] Smooth Rock Falls Ontario Land Deal $500!!

Nov 19th, 2017 4:56 am

#1

some1not [OP]: Deal Addict; Jan 27, 2011; 2850 posts; 2188 upvotes; Toronto

Nov 19th, 2017 4:56 am

[Very Hot] Smooth Rock Falls Ontario Land Deal $500!!

This maybe of interest to someone here. Wish i had a big enough capital to start up there.

Officials in Smooth Rock Falls, Ont., recently launched a campaign to woo newcomers to the area and help rebuild a town that had been in a financial tailspin since the closure of a local pulp and paper mill.

As part of the campaign, the municipal government put 15 parcels of town land up for sale and offered prospective buyers rebates of up to 90 per cent, resulting in some lots being available for as little as $500.

https://www.thestar.com/news/canada/201 ... omers.html

Up votes, down votes, they're all votes for me! I thank you!

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Nov 19th, 2017 6:08 am

#2

Beket: Jr. Member; Mar 28, 2011; 196 posts; 155 upvotes; Local Scotland

Nov 19th, 2017 6:08 am

Great deal.
they already have gas station and LCBO.

Nov 19th, 2017 6:20 am

#3

fatkinglet: Deal Addict; Nov 21, 2006; 2792 posts; 371 upvotes; Toronto

Nov 19th, 2017 6:20 am

location, location, location !!!!

That place requires SOMEONE to pay me $2500 a month to live there

Kijiji links aren't permitted in signatures. Only links to our BST forum.

+2

Nov 19th, 2017 6:25 am

#4

silvergate: Deal Addict; Oct 23, 2013; 1459 posts; 748 upvotes; GVR

Nov 19th, 2017 6:25 am

Population: 1,330 (2016)

Nov 19th, 2017 7:13 am

#5

althanis: Deal Addict; Mar 22, 2013; 1027 posts; 1602 upvotes; Toronto

Nov 19th, 2017 7:13 am

And a developer bought up the entire first batch and is going to place fabricated homes for $150-$200k there.

Why would the city even allow that?

And of course, they’ve been getting calls from China.

But it doesn’t really matter, as a plot of land costs what my storage locker downtown costs. If you wanna live there, I doubt a few K is gonna matter.

Smart town though.

+1

Nov 19th, 2017 7:34 am

#6

johnsmithy: Deal Addict; Feb 7, 2005; 1514 posts; 737 upvotes; Toronto

Nov 19th, 2017 7:34 am

Interesting plan. Hope it works out for the town. But 8 hours from Toronto. For that reason, I'm out.

=============
Heatware

Nov 19th, 2017 7:46 am

#7

eager beaver: Deal Addict; Sep 2, 2010; 1767 posts; 810 upvotes; Bummer's Roost

Nov 19th, 2017 7:46 am

Pretty well every town in northern Ontario is on the verge of having to burn the furniture to keep the house warm. Decades of rosy 'prosperity for the north' plans of action by the ruling gov'ts ring hollow, as the votes aren't up there. It's time for the north to separate.

Nov 19th, 2017 8:09 am

#8

cybernation: Jr. Member; Aug 14, 2009; 177 posts; 62 upvotes

Nov 19th, 2017 8:09 am

What a sh*t hole. That place smelled for years and years. You couldn't pay me to live there.

+1

Nov 19th, 2017 8:20 am

#9

newt_101: Deal Fanatic; Oct 24, 2004; 7700 posts; 2769 upvotes; Toronto (Central)

Nov 19th, 2017 8:20 am

1hr from Timmins is the strongest asset I see them having - and that's not saying anything.

Nov 19th, 2017 8:24 am

#10

dredd2099: Deal Addict; Oct 2, 2010; 3485 posts; 1529 upvotes; Brampton

Nov 19th, 2017 8:24 am

for some reason I'm thinking 'stranger things'

+1

Nov 19th, 2017 10:53 am

#11

pinegirl: Newbie; Jun 29, 2009; 29 posts; 12 upvotes; CANADA

Nov 19th, 2017 10:53 am

The 'catch' probably is the property taxes. In the north property taxes are through the roof! House valued at $400K probably pays $6K a year. Irks me to see the G&M real estate section on Fridays that homes in GTA valued at over $1.5M paying less than the $400K property in the north.

Nov 19th, 2017 11:15 am

#12

Sanyo: Deal Guru; Feb 9, 2009; 12335 posts; 11165 upvotes

Nov 19th, 2017 11:15 am

johnsmithy wrote: ↑ Interesting plan. Hope it works out for the town. But 8 hours from Toronto. For that reason, I'm out.

Thanks sharks but imma gonna make it and I'm gonna prove to you all *pause to wipe tear off face* ... prove to you all that you made a mistake!

+4

Nov 19th, 2017 11:45 am

#13

Quentin5: Deal Expert; Feb 8, 2014; 24123 posts; 9580 upvotes; Socially Distanced

Nov 19th, 2017 11:45 am

The question nobody asks, where are the jobs?
Living for cheap is great but without an income or a trust fund what do you buy food, energy and everything else with?

In fact in Rand McNally they wear hats on their feet and hamburgers eat people

Nov 19th, 2017 11:45 am

#14

althanis: Deal Addict; Mar 22, 2013; 1027 posts; 1602 upvotes; Toronto

Nov 19th, 2017 11:45 am

pinegirl wrote: ↑ The 'catch' probably is the property taxes. In the north property taxes are through the roof! House valued at $400K probably pays $6K a year. Irks me to see the G&M real estate section on Fridays that homes in GTA valued at over $1.5M paying less than the $400K property in the north.

I can see why you’d think that, but there’s an issue of scale. There are way more houses and condos that can get taxed to support the municipalities in Toronto and the GTA. Also, the delivery of services is much cheaper when everyone is packed in so close.

So yeah, taxes are going to be higher when there are fewer people to tax. It’s just the math of it. If more people move to the north, taxes should come down.

Nov 19th, 2017 12:06 pm

#15

xdragus: Sr. Member; Aug 22, 2007; 767 posts; 114 upvotes; Markham

Nov 19th, 2017 12:06 pm

RFD group buy for a plot of land anyone?

+3

Nov 19th, 2017 12:28 pm

#16

BiegeToyota: Deal Addict; Dec 13, 2016; 4096 posts; 3604 upvotes

Nov 19th, 2017 12:28 pm

Waste of time. Maybe in 200 years if we don't get nuked it will be worth something.

The government could build a world class university and attract foreign students like that hole St. Catherines. They could also make it a digital nomads heaven by investing in some infrastructure.

Nah

Nov 19th, 2017 9:38 pm

#17

georgecantstandya: Deal Addict; Dec 21, 2013; 1881 posts; 2526 upvotes; GTA

Nov 19th, 2017 9:38 pm

Pretty sure the daily commute to Toronto will rival the drive from stoney Creek these days.

Hot deal.

Nov 20th, 2017 5:27 am

#18

Bullseye: Deal Fanatic; Feb 1, 2006; 9633 posts; 876 upvotes; Muskoka

Nov 20th, 2017 5:27 am

Quentin5 wrote: ↑ The question nobody asks, where are the jobs?
Living for cheap is great but without an income or a trust fund what do you buy food, energy and everything else with?

They are trying to grow jobs by attracting new people and businesses. They are also trying to emulate the Elliot Lake model, which has successfully attracted many retirees with its low housing prices. Elliot lake is like a boomtown of old people, and is also in the north.

Have to admit, as someone who just sold my paid off GTA house, this is actually somewhat tempting for me. Summer in the beautiful north, winters down south, doesn't seem so bad.

+1

Nov 20th, 2017 12:47 pm

#19

fdl: Deal Fanatic; Dec 5, 2009; 5740 posts; 3568 upvotes

Nov 20th, 2017 12:47 pm

I’m not familiar with the area. Would it make sense for a cottage property? Any lakes or recreational potential nearby?

Nov 20th, 2017 2:46 pm

#20

icantfigureoutausername: Deal Addict; Mar 27, 2015; 1550 posts; 668 upvotes; Thornhill, ON

Nov 20th, 2017 2:46 pm

fdl wrote: ↑ I’m not familiar with the area. Would it make sense for a cottage property? Any lakes or recreational potential nearby?

Where do you live? As said, its an 8 hour, 700+ km drive from Toronto. So I guess if you're prepared to spend the whole summer up there....

I just did a bit of research, they do have a town hospital, a pharmacy, the LCBO (which goes well with the local addiction re-hab centre), a new grocery store, Freshmart, is opening soon, which looks to be a pretty decent size. They also have a hardware store, a couple of restaurants and a town arena.

It doesn't look that bad, if you like small towns and the outdoors. Maybe if you're self-employed and just need a computer, or are retired.

+1