my dream home just came up for sale

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Posted by Vivid Boy on Jun-02-2007 20:49:

my dream home just came up for sale

I have enough for a downpayment on a house now, and was planning with a few other people to buy this other piece of land as a investment oppurtunity. basically this other investment parcel is up for sale for a fair price, but they are building a highway right beside it. which means once construction is complete that land is going to be worth alot more. But my dream home, a home i have had an eye on for years just came up for sale down my street. I havent found out the price yet, waiting for the lisitng agent to call back. decisions! decisions!

Posted by Ang ' ela_ie on Jun-02-2007 21:07:

Do you have a picture? Is it listed online? I want to see it.

Posted by igottaknow on Jun-02-2007 21:12:

i guess only in canada does building a highway right next to your house raises its value

Posted by ak87 on Jun-02-2007 21:13:

they are building a highway next to the land?
what size is this land?
is it commercial property?

if it is residential property and the highway is close I doubt it will increase its value

but I do not know all the information

Posted by getfoul on Jun-02-2007 21:32:

in a way next to a highway is a good thing. That appeals to people who have to take the highway to get to work. Easier access and fewer traffic lights to sit through.

Posted by Vivid Boy on Jun-02-2007 21:54:

quote:
Originally posted by igottaknow
i guess only in canada does building a highway right next to your house raises its value

its up north my man, and its vacant land. and the highway theyre building is the only highway that connects toronto residents to their million dollar lakeside recreational homes 2 hours a way. the land is vacant, however i could think of about a million practical uses for it from billboards (which has huge profit margins) to service stations to mini molls.

Posted by shaw on Jun-02-2007 21:56:

yeah, if you're just gonna re-sell it, and the zoning doesn't stop you from having a business there, that's huge

Posted by Vivid Boy on Jun-02-2007 21:58:

quote:
Originally posted by Vivid Boy
its up north my man, and its vacant land. and the highway theyre building is the only highway that connects toronto residents to their million dollar lakeside recreational homes 2 hours a way. the land is vacant, however i could think of about a million practical uses for it from billboards (which has huge profit margins) to service stations to mini molls.

but like i said my dream home just went up for sale. and it was foreclosed.. i could think of a million things to do with that as well. i just found out from the listing broker the house has tons of mildew damage and leak problems and has been said to be inhabitable by the city. Your not even allowed to walk into the house and be shown it because its so bad. its listed quite expensive tho because it backs on to a huge ravine. priced wayyy to highm but they wont get one offer. which means i can low ball, tear down and get my uncle to rebuild for under 150 000. the lot its on is incredible

Posted by jonSun on Jun-02-2007 22:08:

pictorz eric pictorz

Posted by Vivid Boy on Jun-02-2007 22:17:

you cant tell much from these pictures. honestly it doesnt show the lot. im more intrested in the lot then i am the home because it is inhabitable anyways and id probably have to tear it down. but it has 3 levels of balconies and looks sick cause the balconies go out and over this huge ravine.

No Extras.Mould Present,Protective Equipment Recommended Prior To Entering.Property Sold As Is Condition.Buyer To Confirm Property Measurements,Taxes.For Offers Us All Schedules Provided And Offer Deletions."I.L.A. Will Be Required."
Property May Not Be Safe Or Fit For Human Habitation.Water Leakage Present.Active Permit Applications Outstanding On Property.Spectacular Ravine Lot.House Requires Major Repair And Renovation.

Posted by Vivid Boy on Jun-02-2007 22:20:

and just in case people are getting confused. I am talking about 2 separate pices of property in this thread. theres one that is up north that i would like to buy as an investment opportunity and then there is one (which i showed pictures for) that is right beside my house. Both could be quite big investment with a nice ROI. it hall be numbr quenching time in a few days

Posted by igottaknow on Jun-02-2007 22:27:

Posted by leph555 on Jun-02-2007 22:34:

quote:
Originally posted by Vivid Boy
you cant tell much from these pictures. honestly it doesnt show the lot. im more intrested in the lot then i am the home because it is inhabitable anyways and id probably have to tear it down. but it has 3 levels of balconies and looks sick cause the balconies go out and over this huge ravine.

No Extras.Mould Present,Protective Equipment Recommended Prior To Entering.Property Sold As Is Condition.Buyer To Confirm Property Measurements,Taxes.For Offers Us All Schedules Provided And Offer Deletions."I.L.A. Will Be Required."
Property May Not Be Safe Or Fit For Human Habitation.Water Leakage Present.Active Permit Applications Outstanding On Property.Spectacular Ravine Lot.House Requires Major Repair And Renovation.

Can we be roommates?

Posted by Vivid Boy on Jun-02-2007 22:54:

these are the size of the balconies theres 3 of them one on top of the other. imagine the parties....oooo i got a hard on

Posted by whereinutep on Jun-02-2007 22:54:

If you don't mind me asking, how much is the house for sale?

Posted by Vivid Boy on Jun-03-2007 00:32:

quote:
Originally posted by whereinutep
If you don't mind me asking, how much is the house for sale?

lol. well see i cant really share that. sorry dude. nothing personal. just business

Posted by leph555 on Jun-03-2007 00:38:

its not like we are all going to chip in and buy it....

Posted by eRRaTiK on Jun-03-2007 00:53:

it's easy Eric...

buy both

Posted by makija on Jun-03-2007 00:56:

man go for it nothing to lose in there thats simple as that, and if you wait and talk on TA it will be gone by the time you say ok i want it

so get out an get it

Posted by all-nite-freak on Jun-03-2007 01:02:

don't make me be italian and buy it from under your nose and sell it to a portugese family for a dollar

edit you were smart and photbucketed the images.
tony soprano is stumped.

Posted by jonSun on Jun-03-2007 01:10:

That kitchen is killer. It looks like Cherry 36" raised panel cabinets w/crown molding. Plus the front foyer looks as if it has 12ft ceilings. Awesome. The hardwood floors is a plus too. The place looks totally custom & higher end. If the price is good, go for it.

EDIT: one thing.... where the fireplace is at is polish.

Posted by all-nite-freak on Jun-03-2007 01:12:

damn i could use a man like you in my cabninet of grease

Posted by Vivid Boy on Jun-03-2007 01:37:

quote:
Originally posted by leph555
its not like we are all going to chip in and buy it....

its not abt that. The price is the kicker, the price that is listed at is bogus. the bank is just trying to make back their money they lost when they gave the owners the mortgage. The bank is stuck with this house now. so really there is no price. The price to me is how much i feel fit to offer that would make the numbers right.

to me im putting a price on the lot, not on the house. The house has to be torn down or majorly renovated which means i have to spend that money out my own pocket. the house right now doesnt have a price nor will it ever receive an offer at what they want, because they listed it like its a regular house on the street. Who's going to be an offer on a house your not even allowed to enter to check out?!

Posted by all-nite-freak on Jun-03-2007 01:46:

someone who can take a calculated risk if the parameters of the investment are slightly more defined to them.
A house near my old home was on sale for 4 years before it went at 40% of the innitial value. It was brand new to begin with and just had a few adjustments made and was resold for market value.
the real estate business s great if you have the ingenuity and contacts.

(the house was on the block for 4 years because a guy killed himself, wife and drowned the 2 kids in the bathtub.)

Posted by Vivid Boy on Jun-03-2007 01:51:

quote:
Originally posted by all-nite-freak
someone who can take a calculated risk if the parameters of the investment are slightly more defined to them.
A house near my old home was on sale for 4 years before it went at 40% of the innitial value. It was brand new to begin with and just had a few adjustments made and was resold for market value.
the real estate business s great if you have the ingenuity and contacts.

(the house was on the block for 4 years because a guy killed himself, wife and drowned the 2 kids in the bathtub.)

see im an opportunist. I would have turned that house into a haunted house and charged admission

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