May 3,2018 Sale of land by Public Tender Cambridge-Ont Ontario tax liens properties for sale
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE CITY OF CAMBRIDGE
TAKE NOTICE that tenders are invited for the purchase of the lands described below and will be received until 3:00 p.m. local time on May 3, 2018, at the City of Cambridge Municipal Office, 50 Dickson Street, Cambridge Ontario.
The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the City of Cambridge Municipal Office, 50 Dickson Street, Young Room, 2nd Floor, Cambridge.
Description of Land(s):
Roll No. 30 06 060 052 07700 0000; 7 Donlea Dr, Cambridge; PIN 03800-0098 (LT); Lot 34 Plan 772 Cambridge; Part Lot 33 Plan 772 Cambridge as in 158486; Cambridge. File No. 15-15 Minimum Tender Amount: $53,463.21
Roll No. 30 06 070 025 07810 0000; 334 Clyde Rd., Cambridge; PIN 03825-0145 (LT); Lot 53 Plan 1126 Cambridge as in 1280128; Cambridge. File No. 16-135
Minimum Tender Amount: $22,074.33
Roll No. 30 06 150 021 01072 0000; 35 Baldwin Dr., Cambridge; PIN 03758-1392 (LT); Part Block 68, Plan 58M-470, designated as part 3 on Plan 58R-17123; subject to an easement for entry as in WR667912; City of Cambridge. File No. 16-153
Minimum Tender Amount: $39,921.04
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, crown interests, or any other matters relating to the lands to be sold. Responsibility for ascertaining these matters rests with the potential purchasers. Any interests of the Federal or Provincial Crown encumbering the land at the time of the tax sale will continue to encumber the land after the registration of the tax deed.
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, 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, contact:
The Corporation of the City of Cambridge
P.O. Box 669
50 Dickson Street
Cambridge ON N1R 5W8
519-740-4524 Ext. 4245