Tag Archives: flood

High River flood homes listed under $500 in Alberta Government Auction

Assessed at nearly $1 million prior to the 2013 flood,
a High River flood homes could be yours for as little as a few thousand dollars.

High River flood homes

 

 

 

 

 

Prior to the June 2013 flood, the affluent neighborhood
on High River’s west side brimmed with life.
Today the area is a virtual ghost town, its remaining homes boarded up, a rocky levee blocking the road that once connected
the community to the rest of the town south of Calgary.

High River flood homes

A quick scan of the available properties, of which 25 are in and around flood-ravaged High River and another in Sundre, shows a range of housing types, with a handful of rustic rural properties and modest family dwellings mingled with large and well-appointed estate homes.

Most of the properties are in the High River community of Beachwood Estates, an area determined to be in the flood plain of the Highwood River.

Under the province’s Floodway Relocation Program,
some 94 properties were acquired by the province,
which shelled out $92.9 million to displaced homeowners.

High River flood homes

Of those, 54 were slated for demolition with the 26 now up for auction considered salvageable. Another 14 properties, all in High River, are awaiting a decision on their ultimate fate

The bidders could be in for a steal of a real estate deal, with one not-so-small catch. Successful bidders have 160 days from the auction’s
closing to relocate the properties so the province can remediate the flood-impacted land.

Also, the properties are sold as is, though each comes with a thorough structural and environmental assessment by the province

The one stipulation is that each home must be moved off the property within 160 business days of the sale.

All the homes for sale were deemed suitable for relocation,
and they’re being sold on the government’s online auction site.

It’s up you to get it off the lot.

The 26 homes are being sold on the government’s online auction site.

The government bought up the homes to give Albertans
the freedom to relocate to areas that are not in a flood zone.

The bidding closes Feb. 17, 2017

http://surplus.gov.ab.ca/OA/ItemList.aspx?categoryID=47

High River flood homes listed under $500 in Alberta Government Auction

 

City of Toronto Basement Flooding Protection Subsidy Program

City of Toronto Basement Flooding Protection Subsidy Program

Help protect yourself against basement flooding.Basements can flood for many reasons.

While the City of Toronto is working to make improvements to its complex system of underground pipes, sewers and catchbasins, these improvements alone cannot completely protect a home from basement flooding.

With increasingly frequent severe weather events, it is essential that homeowners take appropriate action to reduce the risk of basement flooding on their own private property.

To assist, the City offers owners of single-family, duplex and triplex residential homes a financial subsidy of up to $3,400 per property to install flood protection devices including a backwater valve, a sump pump, and pipe severance and capping of the home’s storm sewer or external weeping tile connection.

 

City of Toronto Basement Flooding Protection Subsidy Program Work that is eligible

A: Backwater valve

Eligible work:

Installation of backwater valve
Replacement of existing backwater valve
Installation of alarm for backwater valve

Available subsidy = 80% of the invoiced cost up to a maximum of $1,250 regardless of the number of devices installed at the property, including eligible labour, materials, permit and taxes.

B: Sump pump

Eligible work:

Installation of sump pump
Replacement of existing sump pump
Installation of alarm for sump pump
Installation of back-up power for sump pump

Available subsidy = 80% of the invoiced cost up to a maximum of $1,750 regardless of the number of devices installed at the property, including eligible labour, materials, permit and taxes.

Note: Be sure to maintain basement flooding protection devices according to manufacturer instructions. Keeping these devices in good working order is an important step in protecting your home against basement flooding.

C: Foundation drain (weeping tile) pipe severance and capping

Eligible work:

Disconnection of foundation drains (weeping tiles) from the City’s sewer system by severing and capping the underground sewer connection

Available subsidy = 80% of the invoiced cost up to a maximum of $400 including eligible labour, materials and taxes.

Note: Disconnecting the downspouts from your property’s eavestrough system is not eligible for a subsidy under this program.

How to apply for a subsidy for City of Toronto Basement Flooding Protection Subsidy Program

http://www1.toronto.ca/wps/portal/contentonly?vgnextoid=30ee7c6a9967f310VgnVCM10000071d60f89RCRD&vgnextchannel=f041ffa6ee33f310VgnVCM10000071d60f89RCRD

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

City of Toronto Basement Flooding Protection Subsidy Program

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