May 11,,2017 Ontario Tax Sale properties Midland
sale of land by public tender
The Corporation of the Town of Midland
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 May 11, 2017, at the Town of Midland Municipal Office, 575 Dominion Avenue, Midland OntarioThe tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Town of Midland Municipal Office, 575 Dominion Avenue, Midland.
Description of Land(s):
Roll No. 43 74 020 006 05000 0000; 370 Hugel Ave., Midland; PIN 58467-0059 (LT); Part lot 1 west side Russell Street Plan 166 Midland Parts 2 & 3 , Plan 51R13263; Subject to Executions 95-00380 and 95-00543, If enforceable; Midland. File No.15-06.
Minimum Tender Amount:$18,147.55
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.
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
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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