Aug 16,2018 Ontario Tax Sale Properties New Tecumseth
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE TOWN OF NEW TECUMSETH
TAKE NOTICE that tenders are invited for the purchase of the land described below and will be received until 3:00 p.m. local time on August 16, 2018, at the New Tecumseth Municipal Office, 10 Wellington St. East, Alliston.
The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the New Tecumseth Municipal Office, 10 Wellington St. East, Alliston.
Description of Land(s):
Roll No. 43 24 050 001 18878 0000; 8 William Smart Rd., Tottenham; PIN 58168-0211 (LT); Lot 22 Plan 1632; S/T RO408695 New Tecumseth; File No. 17-05
Minimum Tender Amount: $40,116.35
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.
Except as follows, the municipality makes no representation regarding the title to or any other matters relating to the land to be sold. Responsibility for ascertaining these matters rests with the potential purchasers.
Transfers of properties in this jurisdiction that contain at least one and not more than six single family residences and are transferred to nonresidents of Canada or foreign entities, are subject to the Province’s Non-Resident Speculation Tax (NRST).
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 any taxes that may be applicable, such as a 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:
Supervisor of Revenue/Tax Collector
The Corporation of the Town of New
10 Wellington St. East
Alliston ON L9R 1A1
705-435-3900 Ext. 1257