Sale of land by Public Tender, Owen Sound – Ontario

municipal act, 2001
May 11,,2017 Ontario Tax Sale properties Owen Sound
sale of land by public tender

The Corporation of the City Of owen Sound


take notice that tenders are invited for the purchase of the land(s) described below and will be received until 3:00 p.m. local time on Thursday, May 11, 2017, at the City Hall, 945 3rd Ave. E., Suite 22A, Owen Sound, ON N4K 2K8.

The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the City Hall, 945 3rd Ave. E., Suite 220, Rm #3, Owen Sound.

Description of Land(s):

roll no. 42 59 030 023 06300 0000, 725 5th ave e, pin 37069−0079 lt, lt 57 e/s boyd st, 58 e/s boyd st, 59 e/s boyd st pl 9 owen sound; pt lt 60 e/s boyd st pl 9 owen sound as in r431234; owen sound, file gyos15-018-tT

Minimum Tender Amount:
$47,307.88

roll no. 42 59 040 027 15202 0000, 96 laurie cres, pin 37802−0096 lt, unit 96 level 1 grey condominium plan no. 2 pt of parklt 3 range 4 east of garafraxa rd owen sound (formerly twp of sydenham) designated as pt 1, 2, 3, 4, 5, 6, cta1120 & more fully described in schedule a of declaration no. r164800; s/t r384439; city of owen sound, file gyos15-027-tt

Minimum Tender Amount:
$26,314.21

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 (or board) and representing at least 20 per cent of the tender amount.

Except as follows, the municipality makes no representation regarding the title to, existing interests in favour of the Crown, environmental concerns or any other matters relating to the land(s) to be sold. Any existing Federal or Provincial Crown liens or executions will remain on title and may become the responsibility of the potential purchaser. 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 and the relevant land transfer tax.

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

Note: H.S.T. may be payable by successful purchaser.

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

Tracy Johnson
Deputy Treasurer/Tax Collector
The Corporation of the City of Owen Sound
945 3rd Ave. E.
Suite 220, Rm #3
Owen Sound, ON N4K 2K8
(519) 376-4440 Ext. 1248
http://www.owensound.ca or bids.owensound.ca

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.

 

 

 

 

 

 

 

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