PDA

View Full Version : Cheap one Royal Oak



JudasJimmy
02-22-2012, 01:43 AM
what's the story on this house?

MLS®: C3508909

Xtrema
02-22-2012, 02:00 AM
Look and priced like a condemned grow op.

thinmyster
02-22-2012, 05:19 AM
The front door is all boarded up lol

cde1966
02-22-2012, 07:00 AM
Google turned up this...

http://www.calgaryhealthregion.ca/publichealth/envhealth/inspection_orders/illegal_drug.htm

msommers
02-22-2012, 07:50 AM
Yikes.

NoMoreG35
02-22-2012, 08:40 AM
#203 on the same street is on that list too. Wonder if it's also for sale LOL.

Kritafo
02-22-2012, 09:11 AM
We have a former grow op for sale on our circle, it will be the 2nd time it's flipped in 5 years nobody stays, and they are asking $50,000.00 more than a house down the street that wasn't a grow op. It's not even and AS-IS sale anymore.

cidley69
02-22-2012, 09:49 AM
Aren't there any regulations requiring disclosure of its condemned status in the real estate postings?

Looking at the list of damages on the Health Region website, this place might almost be a write off.

n1zm0
02-22-2012, 09:51 AM
Originally posted by cde1966
Google turned up this...

http://www.calgaryhealthregion.ca/publichealth/envhealth/inspection_orders/illegal_drug.htm

plant growing activities lol, why not just all out call it a gdamned INDOOR MARIJUANA FARM, because maybe it might fool that one super gullible family? "ohh, it's okay i also love indoor botany as well"

BrknFngrs
02-22-2012, 10:05 AM
Originally posted by cidley69
Aren't there any regulations requiring disclosure of its condemned status in the real estate postings?

Looking at the list of damages on the Health Region website, this place might almost be a write off.

Agreed, I always thought this had to be disclosed openly.

Xtrema
02-22-2012, 10:22 AM
Originally posted by cidley69
Aren't there any regulations requiring disclosure of its condemned status in the real estate postings?

Looking at the list of damages on the Health Region website, this place might almost be a write off.

I have seen the condemned sign on some of these houses. But I have never seen anything disclosed on the MLS listing.

But all the signs are there. A house priced under market and stays up on MLS? You know something is up. If it's an awesome deal, real estate agents or their frequent customers will snatch it up already within the 1st few hours. This is Calgary, not Detroit.

These houses are probably good investment for out of work contractors looking for a project. But I really doubt there is such a thing as out of work contractors in this city. :D

Sapo
02-22-2012, 10:35 AM
Scrolling down the list from Calgary Health Region is just like reading phone book from Vietnam!

JordanLotoski
02-23-2012, 01:39 PM
This is an un-remaediated Grow op thats why its priced so low.

sputnik
02-23-2012, 01:55 PM
Originally posted by Sapo
Scrolling down the list from Calgary Health Region is just like reading phone book from Vietnam!

not exactly shocking

flipstah
02-27-2012, 04:39 PM
Is it possible to buy it for the land, tear that shit down, then rebuild?

Probably not worth it but if the price is cheap for good land...

canadian_hustla
02-27-2012, 10:50 PM
so just out of curiosity... what happens to the old owner of the house? Obviously the house is not worth $500k anymore, so assuming they have a $400k mortgage does that mean that they take the loss? Or do they just give it back to the bank as a foreclosure?



LOL EDIT: check out the AHS link for 626 Coventry Dr. N.E....
clicky (http://www.calgaryhealthregion.ca/publichealth/envhealth/inspection_orders/Orders_Drugs/2012/Active/626_Coventry_Drive_NE_Calgary_January_27_2012_A.pdf)
"The staircase to the basement was removed and sealed over, and the only way into the basement was by jumping into a hole cut through the living room floor."

unreal... lol

Weapon_R
02-28-2012, 11:04 AM
I've noticed that a lot of lenders lately are refusing to fund grow-ops, even when they have been fully fixed to standard. A relative put an offer on a fully remediated grow-op only to learn that several lenders weren't willing to fund it at all. Also remember that the insurers aren't too keen on insuring those either, so you'll probably need 20% down. This isn't so bad if you can afford it, but imagine the nightmare if you want to sell...