Sale of Land by Public Tender – Cambridge

municipal act, 2001 

Ontario tax sale properties City of Cambridge

Sale of Land by Public Tender - Cambridge

The Corporation of the City of Cambridge

take notice that tenders are invited for the purchase of the Sale of Land by Public Tender – Cambridge land(s) described below and will be received until 3:00 p.m. local time on June 14, 2017, at the City Of Cambridge Municipal Office, 50 Dickson Street, Cambridge Ontario.

The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the City of Cambridge Municipal Office, 50 Dickson Street, Young Room, 2nd Floor, Cambridge.

Sale of Land by Public Tender – Cambridge

Jun 14,2017 Ontario tax sale properties City of Cambridge Description of Land(s):

Roll No. 30 06 090 004 09100 0000; PIN 03787-0366(LT); Part Lot 26 Plan 271 Cambridge Part 2 Plan 67R3729 Except Part 54 Plan 67R3883; S/T WS755605; Cambridge. File No. 15-01

Minimum Tender Amount:$363,009.47

Roll No. 30 06 080 017 05700 0000; 50-60 Kerr St, Cambridge; PIN 03818-0050(LT); Lot 3 and Part Lots 1, 2 & 4 North Side Kerr St & West Side Shade St Plan 615 Cambridge; Part Lots 1 & 2 West Side Shade St & North Side Kerr St Plan 615 Cambridge; Being Part 1, on Plan 67R2560; Cambridge. File No. 15-02

Minimum Tender Amount:$1,270,878.56

Roll No. 30 06 140 003 12700 0000; 90 Beech Ave, Cambridge; PIN 22632-0033(LT); Lot 45 Plan 160 Cambridge; S/T Execution 01-01367, If Enforceable; Cambridge. File No. 15-11

Minimum Tender Amount:$71,265.52

Roll No. 30 06 100 016 04200 0000; 120 Westminster Dr S; PIN 03782-0111(LT); Part Lot 19 and 20 South Side of King Street & West Side of Potter Street Plan 521 Cambridge; Being Part 2, Plan 58R11440; T/W 1442863; Cambridge. File No. 15-12

Minimum Tender Amount:$46,491.77

Roll No. 30 06 090 012 06800 0000; 930 King St E, Cambridge; PIN 03785-0046(LT); Part Lot 4 South Side King St & West Side Potter St Plan 521 Cambridge as in 1117942; S/T & T/W 1117942; Cambridge. File No. 15-14

Minimum Tender Amount:$326,859.62

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

Except as follows, the municipality makes no representation regarding the title to any other matters relating to the land(s) to be sold. This includes but not limited to existing interests in favour of the Crown, environmental concerns or any other matters relating to the lands. Responsibility for ascertaining these matters rests with the potential purchasers.
Any interests of the Federal or Provincial Crown encumbering the land at the time of the tax sale will continue to encumber the land after the registration of the tax deed.

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, HST 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,
Jun 14,2017 Ontario tax sale properties City of Cambridge contact:

John Avery
Manager of Purchasing & Inventory
The Corporation of the City of Cambridge
P.O. Box 669
50 Dickson Street
Cambridge ON N1R 5W8
519-740-4685 X 4293
http://www.cambridge.ca/TaxSale

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.
Sale of Land by Public Tender - Cambridge

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