Details
- $4,800,000
- Power Of Sale
- Land , Land - Designated
- Lot Size: 10 Sq Ft.
A Power Of Sale is a property that has been repossessed by the bank because the owner was not able to make the required mortgage payments for the property. When this happens, the bank is now considered as the owner of the property. Most of the time, banks are not ready to own homes. That is why typically, they are eager to sell these homes to buyers at a very attractive price. Although their asking (list) price is provided, you may also present a reasonable offer below this list price. If there is no Listing Agent available, you can make offers yourself and contact the bank directly.Property Being Sold By First Mortgagee Under Power Of Sale. 10.006 Acres In Total. Approx 6 Acres Developable, Balance Of Land Is A Pond. James Somerville House Is Located On North 2.64 Acres. The Home Is In The City’s Listing Of Buildings Of Architectural & Historical Value, But Is Not Formally Designated Under The Hertitage Act. House Useable – 4736 Sf. Pond To Revert Back To Trca, Land Can Be Built On Almost Immediately, No Reps Or Warranties From Seller. **** EXTRAS **** Vendor Vtv Possible. Speak To L.A. Re Terms. Property Previously Approved For 129,000 Sf Office, Campus Type Development, Zoning Classification Is Em1 & Ops1 Exception In (1357) By-Law 1-88, Section 9(1357) Amended By Site Specific By-Law
Notes: Property Being Sold By First Mortgagee Under Power Of Sale. 10.006 Acres In Total. Approx 6 Acres Developable, Balance Of Land Is A Pond. James Somerville House Is Located On North 2.64 Acres. The Home Is In The City’s Listing Of Buildings Of Architectural & Historical Value, But Is Not Formally Designated Under The Hertitage Act. House Useable – 4736 Sf. Pond To Revert Back To Trca, Land Can Be Built On Almost Immediately, No Reps Or Warranties From Seller. **** EXTRAS **** Vendor Vtv Possible. Speak To L.A. Re Terms. Property Previously Approved For 129,000 Sf Office, Campus Type Development, Zoning Classification Is Em1 & Ops1 Exception In (1357) By-Law 1-88, Section 9(1357) Amended By Site Specific By-Law
