Nov 22, 2016 Tax sale properties London – Ontario

SALE OF LAND BY PUBLIC TENDER

THE CORPORATION OF THE CITY OF LONDON

Tax sale properties London TAKE NOTICE that tenders are invited for the purchase of the lands described below and will be accepted if sealed in an envelope and clearly marked with the PIN (Property Identification Number) and the Roll Number of the property for which the tender is submitted. A separate tender must be submitted for each property.

Tenders will be received ONLY at the City Tax Office, Room 407, City Hall, City of London until 3:00 p.m. local time on Tuesday, November 22,2016. The tenders will then be opened in public at Committee Room #1, 2nd floor, City Hall on the same day, immediately following the 3:00 p.m.
deadline.

Tax sale properties London - OntarioNov 22, 2016 Tax sale properties London – Ontario Description of Land(s):

1. Part Lot 26 South East South Street, R.P. 178 as described in Instrument
No. LC63141, City of London, County of Middlesex
PIN: 08314-0069 (LT)
Municipal Address: 553 South St., London, ON N6B 1C5
Roll No.: 39 36 050-151-041-00-0000
Minimum Tender Amount: $18,831.20

2. Lot 46 Judges Order, Plan 624, City of London, County of Middlesex
PIN: 08351-0004 (LT)
Municipal Address: 369 Thompson Rd., London, ON N5Z 2Z8
Roll No.: 39 36 050-380-016-00-0000
Minimum Tender Amount: $15,192.77

3. Pt Lot 6, Plan 110 (3rd) as described in Instrument No. 714869,
City of London, County of Middlesex
PIN: 08309-0081 (LT)
Municipal Address: 144 Adelaide St. N., London, ON N6B 3G8
Roll No.: 39 36 050-160-044-00-0000
Minimum Tender Amount: $18,621.80

4. CANCELLED

5. Lot 11, Plan 461 (C), City of London, County of Middlesex
PIN: 08334-0031 (LT)
Municipal Address: 24 May St., London, ON N5Z 1C5
Roll No.: 39 36 050-201-059-00-0000
Minimum Tender Amount: $12,409.13

6. Lot 17, Plan 437 (3rd), City of London, County of Middlesex
PIN: 08332-0070 (LT)
Municipal Address: 3 Marmora St., London, ON N5Z 1Z4
Roll No.: 39 36 050-210-056-00-0000
Minimum Tender Amount: $15,745.61

The sale of these properties is subject to cancellation up to the time of the tender opening without any further notice.

Minimum tender amount for Tax sale properties London

The Minimum Tender Amount represents the cancellation price as of the first day of advertising.

Tenders for Nov 22, 2016 Tax sale properties London – Ontario

Tenders must be submitted in the prescribed form and must be accompanied by a deposit in the form of a money order or of a bank draft or cheque certified by a bank or trust corporation payable to the municipality and representing at least 20 per cent of the tender amount.

The municipality makes no representation regarding the title or any
other matters relating to the land to be sold, including but not limited to the potential existence of environmental contamination, estates and interests of the federal or provincial governments or their agencies, easements and restrictive covenants, and interests acquired by adverse possession. Responsibility for ascertaining these matters rests with the potential purchasers.

This sale is governed by the Municipal Act, 2001 and the Municipal Tax Sales Rules made under that Act. The successful purchaser will be required to pay the amount tendered plus accumulated taxes, penalties and interest,

GST/HST for Nov 22, 2016 Tax sale properties London – Ontario

if applicable, and the relevant land transfer tax.

The municipality has no obligation to provide vacant possession to the successful purchaser.

For further information regarding this sale and a copy of the
prescribed form of tender contact the following staff:

Supervisor -Tax Collections
(519) 661-2500 ext 4543
The Corporation of the City of London
Tax Sale Section
City Tax Office, Room 407
300 Dufferin Ave
London ON N6B 1Z2

DISCLAIMER 

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

 Tax sale properties in Ontario ?

A tax sale is the sale of one or more properties

by a municipality to recover unpaid property taxes

on those properties. By the time a property is eligible

for tax sale the property taxes are in at least their

few year of arrears. Learn more at LIVE crash course.

 Inspecting a house that is being sold at a tax sale?

You do not have a right to enter onto a property that is

being sold at tax sale. The person who owns the property

is not obligated to allow people to inspect the house or

the property. When you buy a property at a tax sale, you

take it “as is”, “where is”. There are no warranties of any kind.

Attend LIVE real estate seminar to educate yourself.

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