Nov 30,2016 tax sale properties Peterborough-Ontario Canada
sale of land by public tender
The Corporation of the City of Peterborough
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 November 30, 2016 at the Corporate Services Department, Main Floor, City Hall, 500 George Street North, Peterborough, ON 9H 3R9.
The tenders will then be opened in public on the same day at 3:15 p.m. local time in the City of Peterborough Board Room, 2nd Floor, City Hall, 500 George Street North, Peterborough, ON K9H 3R9.
]Description of Land(s):
Roll No. 1514 040.120.29510.0000
2691 Farmcrest Avenue, Peterborough
Note: This property is subject to partial ORCA (Otonabee Region Conservation Authority) restrictions. Floodplain runs across northern portion of lot and entire lot may encounter flooding.
PCL2-3 Sec 45-P7A-PET; Pt Lot 5 PL 7A Peterborough City; Pt 1 45R9679; S/T LT2994,LT504,LT 505,
LT 506, Peterborough City.
PIN# 28456-0005 (LT)
irregular 0.90AC more or less
Assessed Value: Residential$122,000
Minimum Tender Amount:$34,796.05
Roll No. 1514 040.120.29410.0000
2655 Farmcrest Avenue, Peterborough
Note: This property is subject to ORCA (Otonabee Region Conservation Authority) restrictions. Development within the floodplain may not be permitted as entire lot may encounter flooding.
PCL 2-3 SEC 45-P7A-PET; Pt Lt 5 Pl 7A Peterborough City;
Pt Lt 6 PL 7A Peterborough City; Pt Lt 7 PL 7A Peterborough City; Pt 5 45R1076;
S/T LT2994,LT504,LT505,LT506 Peterborough City.
PIN# 28456-0007 (LT)
irregular 0.784AC more or less
[b]Assessed Value: Residential$118,000[/b]
[b]Minimum Tender Amount:$33,220.53[/b]
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 to or any other matters including any environmental concerns relating to the land to be sold. Any existing Federal or Provincial 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. The municipality does not provide an opportunity for potential purchasers to view properties nor is it in a position to provide successful purchasers with a key or vacant possession.
This sale is governed by Part XI of the Municipal Act, 2001 and as amended by the Municipal Statute Law Amendment Act, 2002. The successful purchaser is required to pay any relevant federal or provincial taxes that may apply on closing (including land transfer tax and HST). Failure to complete the transaction by the successful bidder (highest or if failed, second highest bidder) will result in the forfeiture of their deposit.
For further information regarding this sale including an updated list of properties still available for sale, and a copy of the prescribed form of tender documents, go to the City of Peterborough web site at http://www.peterborough.ca/Living/Prope … _Sales.htm or contact:
City of Peterborough,
500 George Street North,
Peterborough, ON K9H 3R9
705-742-7777 Extension 1622
1-855-738-3755 Extension 1622
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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