Sale of Lands for Tax Arrears by Public Tender Apr 4,2018 Ontario tax sale properties Township of Springwater SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE TOWNSHIP OF SPRINGWATER 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 Wednesday, April 4, 2018, at the Municipal Office, 2231 Nursery Road, Minesing, ON L9X 1A8.
The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Municipal Office, 2231 Nursery Road, Minesing.
Description of Land(s):
ROLL NO. 43 41 010 003 03010 0000, 10 NERETVA ST, PIN 583610024 LT, PCL 80âˆ’1 SEC 51M308; BLK 80 PL 51M308 VESPRA ; S/T LT105010,VE15360,VE15361 VESPRA, FILE SOSW16-006-TT Minimum Tender Amount: $10370.19
ROLL NO. 43 41 010 003 03011 0000, 9 NERETVA ST, 58973-0026 LT, PCL 82âˆ’1 SEC 51M308; BLK 82 PL 51M308 VESPRA; S/T LT105010, VE15360, VE15361; SPRINGWATER, FILE SOSW16007-TT
Minimum Tender Amount: $10,701.40
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.
H.S.T. may be payable by the successful purchaser.
15% Non-Resident Speculation Tax (NRST) applies to the value of the consideration for a transfer of residential property located in the Greater Golden Horseshoe Region which contains at least one and not more than six single family residences if any one of the transferees is a non-resident of Canada, foreign entity or taxable trustee.
For further information regarding this sale and a copy of the prescribed form of tender contact:
The Corporation of the Township
2231 Nursery Road
Minesing, ON L9X 1A8
(705) 728-4784 Ext. 2024