Cheap real estate: Incentives to buy homes, land in Canada lolita, 14/09/2024 The dream for aspiring homeowners may look like scoring $1 worth of land amid rising housing prices and inflation. The good news is that this dream has come true in some Canadian provinces and territories, which have offered eye-catching relocation incentives to address population decline, housing crises and affordability. Here’s a look at Canadian properties and lands over the years that have been offered for low prices or with other incentives too good to pass on. Note that some of these deals may have expired or sold out. Cochrane, Ont. A northern Ontario town is offering land for $10 in an eye-catching sales pitch to get development companies to build housing and grow the town. With up to 1,500 eligible lots, Cochrane said buyers will be responsible for developing the infrastructure on unserviced lots and committing to such development. Eager buyers spilled in with more than 3,000 calls from individuals and companies interested in the discounted land. An additional bonus for buyers is property tax relief. In an interview with CTV News Northern Ontario last week, Cochrane Mayor Peter Politis said the town needs housing for seniors and people who are on low incomes or are homeless. Politis said the … Continue Reading
Latitude Five25 apartment complex for sale lolita, 24/07/2024 For sale: Columbus apartment complex, 392 apartments, 15 stories high, great views, in need of maintenance. Vacant. Sold as is. The Columbus real-estate firm The Robert Weiler Co. is soliciting proposals from investors to buy and renovate Latitude Five25, the troubled Near East Side housing towers that were evacuated after being deemed uninhabitable. “It’s a signature, high-profile property,” said Skip Weiler, whose firm was hired by New Perspective Asset Management, the Dublin company appointed receiver for the property. The Robert Weiler Co. has listed the property and is sending requests for proposals to prospective buyers, who have until May 31st to respond. “I think it will be a pretty big pool,” Weiler said. “We’re getting the word out. We know all the players in central Ohio and we’re getting the word out nationally.” Dana Milligan, one of the founders of New Perspective Asset Management, said she expects a lot of interest in the property. “We had 13 calls within the first few hours of it being posted,” she said. Milligan and Weiler say any buyer must have a track record in multifamily housing, including rehabbing properties. “There’s going to be very strict requirements of the new owner due to the … Continue Reading