Developer says he was duped on Elgin building buy, wants city to step in

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Developer says he was duped on Elgin building buy, wants city to step in
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Yinan Xia says when he purchased the block-sized building less than a year ago for $2.25M, the seller hid problems and now the city has deemed the building unfit for occupancy and the owner says he’s left holding the bag

A Southern Ontario realtor who closed the Elgin Street building he bought less than a year ago after the city deemed it unfit for human occupation hopes the City of Greater Sudbury will buy the building as they did the Ledo Hotel in June.

Xia now alleges the building’s previous owner, Cedric Ferrier, kept him and the inspection service in the dark about certain aspects of the structure. Among the pieces of information omitted by the original owner, Andersen told Sudbury.com he only recently learned of the existence of an entire basement under the part of the building at 352 Elgin, a basement the existence of which the seller never disclosed.

Help wanted, but not given After Xia purchased the building, Andersen said he tried to hire security companies to watch the property and to install security cameras. He said that each company either charged an exorbitant amount or cancelled the contract once they learned the address of the building, which, he said, has a reputation.

“There were 20 calls for attempted murder in April alone,” he claims. “And that’s after the arson attempt.” For reasons of imminent danger to life On July 19, a sign appeared on the door of 362 Elgin Street, posted by Greater Sudbury Fire Services, that noted “for reasons of imminent danger to life for transients that occupy the building and a reasonable probability that a fire will start and impede timely egress to any occupants in the building,” there would need to be a posted fire watch and temporary safeguards, including temporary safeguards such as fire extinguishers and smoke alarms installed.

The city statement said “conversations with the building owner have resulted in his decision to close the building.” They said the City of Greater Sudbury continues to visit the building to assess any changes and that Greater Sudbury Fire Services is currently working with the Office of the Fire Marshall to determine next steps.

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