Welcome from Peterborough, ON. Before doing too much, go to your local Service Ontario location. Take the vin# with you an plate number (if it has one). They can tell you if the bike has any liens, or was stolen. They should also be able to outline what they you have to do/spend to get an ownership. That should help you decide.
Also, use the kick starter. Does it turn over? Any compression? Seized? Looking at the bike, it will be easy to spend more than it’s worth. Your call.