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

Nov 19th, 2017 4:56 am

#1

some1not [OP]: Deal Addict; Jan 27, 2011; 2465 posts; 1624 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; 151 posts; 77 upvotes; Oakville

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; 2759 posts; 355 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; 1442 posts; 741 upvotes; GVR

Nov 19th, 2017 6:25 am

Population: 1,330 (2016)

Nov 19th, 2017 7:13 am

#5

althanis: Sr. Member; Mar 22, 2013; 984 posts; 1485 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; 1327 posts; 417 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.

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Heatware

Nov 19th, 2017 7:46 am

#7

eager beaver: Deal Addict; Sep 2, 2010; 1729 posts; 757 upvotes; Ontario

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; 175 posts; 61 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; 6919 posts; 1795 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; 3347 posts; 1257 upvotes; Brampton

Nov 19th, 2017 8:24 am

for some reason I'm thinking 'stranger things'

nada

+1

Nov 19th, 2017 10:53 am

#11

pinegirl: Newbie; Jun 29, 2009; 24 posts; 11 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 Fanatic; Feb 9, 2009; 9319 posts; 6915 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; 16879 posts; 6083 upvotes

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 hamburders eat people

Nov 19th, 2017 11:45 am

#14

althanis: Sr. Member; Mar 22, 2013; 984 posts; 1485 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; 763 posts; 113 upvotes; Markham

Nov 19th, 2017 12:06 pm

RFD group buy for a plot of land anyone?

+3