Windsor car dealership, priced at $650, sold for $6,500
Slightly used service station abandoned for five years
A slightly used car dealership and service station in Windsor, N.S., with a minimum price of $650, was sold at a tax sale Wednesday.
The abandoned property at 207 Water Street was once a Stephens and Yeaton car dealership. It went bankrupt five years ago. More than $87,000 in property taxes and expenses have accrued since then.
On Wednesday, the fixer-upper sold to the highest bidder for $6,500 plus tax.
The new owner won’t be liable for the back taxes, but he takes on the risk of owning a former service station.
Mayor Paul Beazley told CBC News Tuesday, the town just wants it gone.
We're motivated to sell.- Mayor Paul Beazley
“We're motivated to sell, so to speak, and we've got the actual start price down at a mere $650,” he said.
The building sits on a good spot on the main road from Falmouth. Neighbours were hoping the eyesore would sell and find a new life.
“It's a great piece of land. It's a huge piece, but it's crumbling,” Penny Taylor said.
The town had twice failed to sell the property. The paint is peeling and there is water damage inside.
“We need to get this property back into productive use, paying taxes and making revenue for whoever owns it,” Beazley said.
Eric Stephens used to own it. He worked there for 60 years.
Godfrey Perry was the successful buyer.