Want to buy a house which is guaranteed to be cheaper than similar houses on the market?
Option 1: Buy the former house of a murderer.
Eg. Paul Bernardo for example. The notorious serial killer.
The house shown on the right is 57 Bayview Drive in Port Dalhousie.
It is Paul Bernardo's former house. It was purchased and torn down, with a new building being built on the lot that looks very different.
Or here is another example...
Option 2: Buy a house where the former owners were murdered by the mafia.
Barry and Honey Sherman were murdered by members of the Rizzuto crime family in their North York home. Their bodies were found near their basement swimming pool with their necks tied by belts to a railing.
The property (shown below) was later purchased for relatively cheap, the buildings torn down and the new buildings erected, but if the new owners had been fine with swimming in the pool where they had been murdered (I know it sounds creepy) they could have just let it be. Or just get rid of the pool and just have a really large rec room or garage in the basement.
Tear Down, Build Fresh?
Now you may be noticing a trend here.
The new buyers typically always end up tearing the old house down and building a brand new home.
They might keep the foundation, but if the murders happened in the basement the foundation will likely be destroyed too and a new foundation will be built.
Which means the property is ripe for people looking to renovate a building and then flip the property as an investment. Especially if a decent amount of time has passed and the property no longer looks like the previous building.
Topics
Advertising
Air Conditioning
Amenities
Architecture
Bizarre and Interesting Real Estate
Commercial Real Estate
Condo Sales and Prices
Construction
Credit
Dream Home
Economics
Electricity and Alternative Energy
Flipping Properties
Gardening
Glossary
Heating
Home Buying
Home Inspection
Home Insurance
Home Related
Home Sales
House Prices
Housing Starts
Interest Rates
Landscaping
Legal Issues
Montreal Real Estate
Mortgages
Moving
Notes
Off Grid Homes
Ontario
Overseas Real Estate
Parking
Plumbing
QUEST FOR A CONDO
Real Estate Agents
Real Estate Brokers
Real Estate Bubbles
Real Estate History
Real Estate Humour
Real Estate Investment
Real Estate Quotes
Renovations
Renting
Repairs and Maintenance
Taxes
The Home Office
Toronto Real Estate
Trends
Urban Planning
US Real Estate
Vancouver Real Estate
Subscribe to:
Posts (Atom)
Moffat Inspections provides thorough and reliable home inspections throughout Ajax, Pickering, and the Durham Region. The company focuses on uncovering potential issues before they become expensive problems, offering clear and practical reports that homeowners and buyers can actually understand. From foundations and roofs to plumbing, heating, and electrical systems, Moffat Inspections delivers detailed, honest assessments — no gimmicks, no guesswork. For professional property inspections done right, visit moffatinspections.ca.
Recently Popular Posts
-
For decades economists have been trying to predict the rise and fall of stock market prices - and some have even postulated that it would ...
-
Record low interest rates for mortgages are keeping Toronto's real estate market at record highs. Torontonians are buying houses for inc...
-
If you're trying to hire someone to install a pool in your backyard, good luck finding someone who isn't fully booked for the rest...
-
The infographic below is proof that there is something wrong in America... Both in terms of lack of jobs, but also a shortage of affordabl...
-
Investors in Donald Trump's "Trump Tower" in Toronto are becoming anxious to sell their new condo units. Why? Because no...
-
The Bank of Canada has raised interest rates again, making it more difficult for people to get a mortgage at an affordable rate. The key ove...
-
If you are looking for MY QUEST FOR A CONDO, click here . Some economists and self-proclaimed real estate experts (I'd argue that nobo...
-
November 9th 2017. So today the CBC posted the following article on their website, but I don't want to talk about the article so much ...
-
TD Bank report estimates Toronto and Vancouver real estate markets are 10 to 15 per cent overvalued, compared to 10 per cent for rest of c...
-
You ever notice how your air conditioner always seems to die on the hottest day of the year ? Like it’s been plotting against you all winte...

