Bank-Owned Properties for Sale Listings

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House for sale: 35 CANAL BANK ROAD, Port Colborne

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$534,900

35 Canal Bank Road, Port Colborne (877 - Main Street), Ontario L3K 2M6

2 beds
2 baths
259 days

main st Located in the heart of Port Colborne, this is a well maintained century home (first one built on Canal Bank Rd!) overlooking the canal on a quiet, dead-end street with beautiful canal views from almost every window! While maintaining a timeless aesthetic and old world charm, this home

Listed by: Adriana Graham,Century 21 Heritage Group Ltd.
House for sale: 395413 COUNTY ROAD, Amaranth

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$1,600,000

395413 County Road, Amaranth (Rural Amaranth), Ontario L0N 1S5

4 beds
3 baths
70 days

County Rd 12/ Hwy 89 This 4-Bedroom Home Is Situated On 92 Expansive Acres, Offering A Fantastic Opportunity For Those Seeking Privacy, Space, And Potential. Located Just 2 Kilometers South Of Highway 89, The Property Provides A Peaceful Rural Setting With Easy Access To Nearby Amenities. The

House for sale: 848 SNOWDROP CRESCENT, Ottawa

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$1,049,999

848 Snowdrop Crescent, Ottawa (2605 - Blossom Park/Kemp Park/Findlay Creek), Ontario K1T 0X7

4 beds
4 baths
11 days

Take Right on Leitrim Rd to Bank St, right on Barrett Farm Dr, left on Snowdrop Cres This is A 10! Cheaper than builders price! New home (2023) with numerous upgrades to name here! Including hardwood and ceramic floors, Quartz counters, 9 feet ceilings, premium lot with no one at the back.

House for sale: 1413 BLACKHORSE COURT, Ottawa

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$4,750,000

1413 Blackhorse Court, Ottawa (8005 - Manotick East to Manotick Station), Ontario K4M 0A6

6 beds
6 baths
59 days

Bank St to Mitch Owens Rd, left on Dozois Rd, left on Gough Rd, left on Duchess Cres and right on Blackhorse Court. Magnificent MANSION in Rideau Forest! This stunning FULLY FURNISHED estate (approximately 10,000 sq. ft.) is situated on a 2.45-acre lot in the prestigious Rideau Forest neighborhood.

Maz Karimjee,Royal Lepage Performance RealtyListed by: Maz Karimjee,Royal Lepage Performance Realty
Other for sale: 4441 STAGECOACH ROAD, Ottawa

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$714,999

4441 Stagecoach Road, Ottawa (1606 - Osgoode Twp South of Reg Rd 6), Ontario K0A 2W0

6 beds
4 baths
26 days

Bank St. (County Rd. 31) South of Vernon (north of Winchester) to Belmeade Rd., west on Belmeade to Stagecoach Rd., turn north, 1st house on east side of Stagecoach. Welcome to 4441 Stagecoach Road, a meticulously updated 6-bedroom, 3.5-bathroom home on a peaceful 1-acre lot in Reids Mills,

House for sale: 661 NETLEY CIRCLE, Ottawa

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$1,039,900

661 Netley Circle, Ottawa (2605 - Blossom Park/Kemp Park/Findlay Creek), Ontario K1T 0A4

4 beds
4 baths
77 days

Take Bank Street south past Leitrim Road to Findlay Creek Drive to Left on Netley Circle. For those looking for the ease of living in a bungalow, but with a LOFT with over 3700 feet of finished living space. Located on a very quiet circle in Findlay Creek, this home sits on a 50' x 128' fenced,

Carlos Fernando,Engel & Volkers OttawaListed by: Carlos Fernando,Engel & Volkers Ottawa
No Building for sale: 4918 51 AV, Wildwood

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$29,900

4918 51 Av, Wildwood, Alberta T0E 2M0

0 beds
0 baths
118 days

Located in downtown Wildwood, AB this vacant lot is 0.31 acres and zoned Urban Service District. This enables the potential for a variety of uses - medium scale commercial, lodging, privately owned institutional uses. With its proximity to a bank, restaurant, gas stations, this location is

Colin R. Clarke,Century 21 Hi-point Realty LtdListed by: Colin R. Clarke,Century 21 Hi-point Realty Ltd
House for sale: 114 NODEN CRESCENT, Clarington

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$1,090,000

114 Noden Crescent, Clarington (Newcastle), Ontario L1B 0L2

4 beds
3 baths
138 days

Pedwell / Highway 2 Beautiful Conner lot With 4 Bedroom House with combined with eat in kitchen. Walkout through Kitchen to Backyard. No Side Walk, park 4 cars parking in driveway! Minutes Away from Great Schools, Parks, Shopping, Restaurants, Bank & community center. hot water tank owned.

Listed by: Raseelan Selvarajah,Re/max Ace Realty Inc.
House for sale: 1309 Mackinnon Rd, Pender Island

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$5,800,000

1309 Mackinnon Rd, Pender Island, British Columbia V0N 2M1

7 beds
3 baths
200 days

Low bank, walk-on beaches on the Gulf Islands are exceedingly rare. Privately owned islands here are arguably rarer. To feature BOTH on one property makes this truly the most unique of offerings. ''Waterlea,'' as it is affectionately known is made up of roughly 3.5 acres of low bank waterfront.

Ian Brown,Newport Realty Ltd.Listed by: Ian Brown,Newport Realty Ltd.
House for sale: 29 KINGSDOWN DRIVE, Toronto

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$2,390,000

29 Kingsdown Drive, Toronto (Ionview), Ontario M1K 3B9

4 beds
4 baths
77 days

KENNEDY / EGLINTON Amazing Huge Custom Built 2-Storey House. Double car garage. Large Eat-In Kitchen. 4 Bedrooms. 200 Amp Hydro Panel. Located In Toronto Nice Family Neighbourhood. A Four Seasons Solarium Inviting Ample Natural Light Through Large Windows. Truly An Extra Unique Opportunity

Listed by: Peter Luk,Trustwell Realty Inc.
Apartment for sale: 1505 - 3121 SHEPPARD AVENUE E, Toronto

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$699,999

1505 - 3121 Sheppard Avenue E, Toronto (Tam O'Shanter-Sullivan), Ontario M1T 3J7

3 beds
2 baths
10 days

Sheppard & Pharmacy A fabulous gem in town. One of the few largest and best units in building, south facing fantastic unobstructed park and picturesque view filled with sunshine all year around. Upgraded and spotless home total 900 sqt with open balcony, 2- bedroom + den, well maintained and

Listed by: Wen Miao,Aimhome Realty Inc.
Residential Commercial Mix for sale: 479-495 Notre Dame, Sudbury

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$899,900

479-495 Notre Dame, Sudbury, Ontario P3C 5K9

0 beds
0 baths
27 days

Great investment opportunity with multi use commercial and residential building in prime sudbury location. Location is trafficked and highly visible from the main street. Residential portion of property is currently used as a rooming house with 13 separate tenants, leased on a month to month

Listed by: Douglas Green,Homelife Green Team Realty Inc., Brokerage
House for sale: 201 GEORGE STREET E, North Grenville

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$319,000

201 George Street E, North Grenville (801 - Kemptville), Ontario K0G 1J0

1 beds
1 baths
41 days

From Sanders street follow to George Street East. Turn left and follow to 201. Sign on lawn Cozy little house located in the quaint old town area of downtown Kemptville very close to many amenities within walking distance. To note a few, local grocery store, the library, several Churches and

Dana Mara Ellis,Century 21 River's Edge LtdListed by: Dana Mara Ellis,Century 21 River's Edge Ltd
Apartment for sale: 1216 - 19 BATHURST STREET, Toronto

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$575,000

1216 - 19 Bathurst Street, Toronto (Waterfront Communities C1), Ontario M5V 0N2

1 beds
1 baths
40 days

Lakeshore Blvd & Bathurst St Very nice 1 bedroom, 1 bath, corner unit at the waterfront Lakeview Condos! Freshly painted throughout and includes 1 parking space (owned & deeded) very close to elevator! Very efficient & workable layout that maximizes space. Very clean, bright & spacious with

Robert Mirabelli,Royal Lepage Security Real EstateListed by: Robert Mirabelli,Royal Lepage Security Real Estate
Apartment for sale: 902 - 29 QUEENS QUAY E, Toronto

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$739,900

902 - 29 Queens Quay E, Toronto (Waterfront Communities C8), Ontario M5E 0A4

2 beds
2 baths
153 days

East Yonge/Queens Quay East **Located directly on the waterfront steps from Yonge Street** Upscale low rise building. One Bedroom + den (currently used as baby's room). Two full washrooms. 10 foot smooth ceilings. Floor to-ceiling windows. Glass balcony. Kitchen has high end Miele gas cooktop,

Melissa Henderson,Real Estate HomewardListed by: Melissa Henderson,Real Estate Homeward
House for sale: 1622 Brunt Rd, Nanoose Bay

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$1,579,000

1622 Brunt Rd, Nanoose Bay, British Columbia V9P 9C7

3 beds
2 baths
13 days

Rare Nanoose Bay Walk-On-Waterfront overlooking Wall Beach! Perched mid-bank with a short path to the beach, enjoy swimming, kayaking, sunrises, wildlife and make lasting memories for generations to come. This lovely home features 3 beds and 2 baths, gorgeous Ocean Views of the Strait of Georgia,

Mobile Home for sale: 506 RAINDANCE COURT, West Vancouver

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$355,000

506 Raindance Court, West Vancouver, British Columbia V7P 3K1

3 beds
1 baths
33 days

Discover the ideal retreat created exclusively for those AGED 55 and older to ensure a serene and mature living setting. Please be aware that this community is designed specifically for adults and does NOT permit children as residents. As the complex is a leasehold land owned by the Squamish

Julia Beeger,Oakwyn Realty Ltd.Listed by: Julia Beeger,Oakwyn Realty Ltd.
83 S SECOND AVENUE, Williams Lake

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$6,749,999

83 S Second Avenue, Williams Lake, British Columbia V2G 3W3

0 beds
0 baths
88 days

Situated in the heart of Williams Lake, BC, Hodgson Place Mall offers convenient accessibility to various amenities, services, and transportation routes. The property boasts a mix of over 48,000 square feet of retail and office space anchored by the Bank of Montreal, with a variety of quality

House for sale: 8 Aline Hills Lake, Shuswap Lake

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$379,000

8 Aline Hills Lake, Shuswap Lake, British Columbia V0E 2V1

4 beds
3 baths
35 days

Beautiful Boat-Access Cottage on Shuswap Lake.Discover the ultimate lakeside retreat with this charming boat-access cottage just minutes from the Narrows and a 20-minute ride from Sicamous. Nestled on the west side of Shuswap Lake, this property enjoys morning sunshine and evening shade, creating

Bevan Burke,Re/max At Mara LakeListed by: Bevan Burke,Re/max At Mara Lake
Apartment for sale: 208 38 Front St, Nanaimo

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$429,900

208 38 Front St, Nanaimo, British Columbia V9R 0B8

1 beds
1 baths
27 days

Sunny Mt. Benson & downtown street views from one of the biggest 1 bedroom balconies & condo layouts in Nanaimo's prestigious downtown Nanaimo waterfront building, Pacifica. Concrete & steel construction ensures lasting investment value & peaceful living. Finished with new hardwood flooring

House for sale: 22 KING ST E, Lansdowne Village

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$299,900

22 King St E, Lansdowne Village (03 - Lansdowne Village), Ontario K0E 1L0

2 beds
1 baths
37 days

Highway 2 East of Gananoque or Exit 659 from 401, head north to Lansdowne to top of hill, turn right Backing onto conservation, this sweet little Village of Lansdowne property features a beautiful backyard with an above ground pool. Open concept kitchen, living and dining room make for easy

Listed by: Andrea Piper,Re/max Service First Realty Inc., Brokerage
Apartment for sale: 705 - 311 RICHMOND STREET E, Toronto

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$544,900

705 - 311 Richmond Street E, Toronto (Moss Park), Ontario M5A 4S8

1 beds
1 baths
102 days

Richmond/Sherbourne Feel rich on Richmond! Without breaking the bank! Welcome to this beautifully updated 1-bedroom, 1-bathroom condo at 311 Richmond Street East Suite 705. Move right in without lifting a finger! Perched high up above Richmond Street East, this unit is in a well-managed boutique

House for sale: 92 EASTVILLE AVENUE, Toronto

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$1,039,000

92 Eastville Avenue, Toronto (Cliffcrest), Ontario M2M 2N9

4 beds
2 baths
28 days

KINGSTON RD / EASTVILLE AVE Welcome to 92 Eastville Ave, Located in the Heart of Cliffcrest, Walking Distance to Bluffer's Park Beach, Yacht Club and Trails, Located South of Kingston Rd. You will love this Cozy Two Bedroom Bungalow W/ Hardwood floors throughout, Walk-out to deck from Main

Emily C. Taylor,Re/max Rouge River Realty Ltd.Listed by: Emily C. Taylor,Re/max Rouge River Realty Ltd.
House for sale: 131 FENTIMAN AVENUE, Ottawa

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$999,999

131 Fentiman Avenue, Ottawa (4404 - Old Ottawa South/Rideau Gardens), Ontario K1S 0T7

3 beds
3 baths
4 days

Riverdale Avenue Charming 3-bed, 3-bath detached home on a large 49.5' x 101.7' lot in a prime location! Zoned R2R, offering great potential for redevelopment (buyer to confirm with the City). Owned by only the second owner, this home features a renovated kitchen (2014), a new roof (2023),

Listed by: Shauna Guilfoyle,Royal Lepage Performance Realty
Recreational for sale: 197, 200 4th Avenue SW, Sundre

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$170,000

197, 200 4th Avenue Sw, Sundre, Alberta T0M 1X0

1 beds
1 baths
228 days

RIVERSIDE RV PARK in Sundre. A great summer home or a weekend retreat. This unit is located in phase 5 which is the most private part of the park and probably the largest lot as well. Backs onto a year round spring fed creek and common condo land. Very private. The Rv is a 1997 park model

Shirley E. Mcdonald,Re/max Real Estate (central)Listed by: Shirley E. Mcdonald,Re/max Real Estate (central)

Understanding Bank-Owned Properties in Canada

In the Canadian real estate market, bank-owned properties, also known as foreclosures, present unique opportunities and challenges for home buyers, investors, and seasonal cottage seekers. These properties are typically acquired by banks when homeowners default on their mortgage payments. As a result, banks aim to sell these properties quickly, often at competitive prices. However, purchasing a bank-owned property requires careful consideration of various factors, including zoning, resale potential, lifestyle appeal, and seasonal market trends.

What Are Bank-Owned Properties?

Bank-owned properties are homes that have been repossessed by the bank due to the previous owner's inability to meet mortgage obligations. These properties are then listed for sale by the bank, often at a price below market value to expedite the sale process. For example, you can find listings such as a condo on Bank Street in Ottawa or a property in Mississauga that are bank-owned.

Zoning Considerations

When purchasing a bank-owned property, it's crucial to understand the zoning regulations that apply to the area. Zoning laws dictate how a property can be used, whether for residential, commercial, or mixed-use purposes. For instance, a property in Conquerall Bank may have different zoning requirements compared to a property in Grand Bank. Understanding these regulations can help you determine the property's potential uses and any limitations that may affect your investment.

Resale Potential

One of the primary considerations for investors and home buyers is the resale potential of a bank-owned property. Factors such as location, neighborhood development, and market trends play a significant role in determining future value. For example, a property in Montreal may offer different resale opportunities compared to a property in Brampton. Conducting a thorough market analysis and consulting with a real estate expert can provide valuable insights into the property's long-term value.

Lifestyle Appeal

For those seeking a home or seasonal cottage, the lifestyle appeal of a bank-owned property is an essential factor. Consider the amenities, community vibe, and proximity to recreational activities. A property in Toronto may offer urban conveniences, while a property in Beaver Bank, Nova Scotia might provide a more tranquil, rural setting. Assessing your lifestyle preferences and how they align with the property's location can help ensure a satisfying purchase.

Seasonal Market Trends

The Canadian real estate market is influenced by seasonal trends, which can impact the availability and pricing of bank-owned properties. Typically, the spring and summer months see increased activity, with more listings and higher competition. Conversely, the fall and winter months may offer fewer options but potentially better deals. For instance, a bank-owned house might be more competitively priced during the off-peak season. Staying informed about these trends can help you time your purchase strategically.

Expert Guidance and Resources

Purchasing a bank-owned property can be a complex process, requiring due diligence and expert guidance. Working with a knowledgeable real estate advisor can provide you with the necessary insights and resources to navigate this market effectively. Whether you're considering a property in Regina or exploring other bank-owned options, having a professional by your side can help you make informed decisions and secure a property that meets your needs and goals.

In conclusion, bank-owned properties in Canada offer a range of opportunities for different types of buyers. By understanding zoning regulations, assessing resale potential, considering lifestyle appeal, and staying informed about seasonal market trends, you can make a well-rounded decision that aligns with your real estate objectives.