Real Estate

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

  • Last Updated:
  • Nov 25th, 2017 8:14 pm
[OP]
Deal Addict
Jan 27, 2011
2850 posts
2188 upvotes
Toronto

[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!
32 replies
Jr. Member
User avatar
Mar 28, 2011
196 posts
155 upvotes
Local Scotland
Great deal.
they already have gas station and LCBO.
Deal Addict
User avatar
Nov 21, 2006
2792 posts
371 upvotes
Toronto
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.
Deal Addict
Mar 22, 2013
1027 posts
1602 upvotes
Toronto
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.
Deal Addict
User avatar
Feb 7, 2005
1514 posts
737 upvotes
Toronto
Interesting plan. Hope it works out for the town. But 8 hours from Toronto. For that reason, I'm out.
=============
Heatware
Deal Addict
Sep 2, 2010
1767 posts
810 upvotes
Bummer's Roost
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.
Jr. Member
Aug 14, 2009
177 posts
62 upvotes
What a sh*t hole. That place smelled for years and years. You couldn't pay me to live there.
Deal Fanatic
User avatar
Oct 24, 2004
7700 posts
2769 upvotes
Toronto (Central)
1hr from Timmins is the strongest asset I see them having - and that's not saying anything.
Deal Addict
User avatar
Oct 2, 2010
3485 posts
1529 upvotes
Brampton
for some reason I'm thinking 'stranger things'
Newbie
Jun 29, 2009
29 posts
12 upvotes
CANADA
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.
Deal Guru
Feb 9, 2009
12335 posts
11165 upvotes
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!
Deal Expert
User avatar
Feb 8, 2014
24123 posts
9580 upvotes
Socially Distanced
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
Deal Addict
Mar 22, 2013
1027 posts
1602 upvotes
Toronto
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.
Sr. Member
User avatar
Aug 22, 2007
767 posts
114 upvotes
Markham
RFD group buy for a plot of land anyone? :)
Deal Addict
User avatar
Dec 13, 2016
4096 posts
3604 upvotes
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
Deal Addict
User avatar
Dec 21, 2013
1881 posts
2526 upvotes
GTA
Pretty sure the daily commute to Toronto will rival the drive from stoney Creek these days.

Hot deal.
Deal Fanatic
Feb 1, 2006
9633 posts
876 upvotes
Muskoka
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.
Deal Fanatic
Dec 5, 2009
5740 posts
3568 upvotes
I’m not familiar with the area. Would it make sense for a cottage property? Any lakes or recreational potential nearby?
Deal Addict
Mar 27, 2015
1550 posts
668 upvotes
Thornhill, ON
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.

Top