Buying cheap land in Ontario
We've found some inexpensive land not far away from "cottage country". It's such a good deal, and not far from relatives who know the area and specific plot of land well, so we are considering purchasing it. The taxes are so cheap it's almost a moot point.
The only problem is it's boat access only. It's a bit of a gamble but a main road is less than 5 km's away, and we plan to buy and hold this property for at least 20 years then either build or sell.
We also plan to plant hardwood trees on it that should be harvestable in 20 years or a bit more. This will help with our investment I'm sure.
Has anyone else here done anything similar? Buy cheap (ie 10,000$ or less) property and hold onto it?