Feb 17, 2016 Tax sale properties Terrace Bay, Ontario
Tax sale properties Terrace Bay, Ontario
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE TOWNSHIP OF TERRACE BAY
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 February 17, 2016, at the Terrace Bay Municipal Office, 1 Selkirk Avenue, Terrace Bay.
The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Terrace Bay Municipal Office, 1 Selkirk Avenue, Terrace Bay.
Description of Land(s):
Roll No. 58 54 000 001 23701 0000; 19 Birch Crescent, Terrace Bay; PIN 62457-0171(LT); Parcel 17138 Section TBF; Lot 171 Plan M121 Strey; Terrace Bay; File No. 14-01
Minimum Tender Amount: $16,097.84
Roll No. 58 54 000 003 05700 0000; 9 Lakeview Dr, Terrace Bay; PIN 62457-0467(LT); Parcel 17981 Section TBF; Lot 548 Plan M143 Strey S/T, if enforceable, executions 0664/92, 0604/94, 1709/95; Terrace Bay; File No. 14-02
Minimum Tender Amount: $12,830.07
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 lands 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, contact:
Stan J. Spadoni
Treasurer/Deputy Clerk
The Corporation of the
Township of Terrace Bay
1 Selkirk Avenue
P.O. Box 40
Terrace Bay ON P0T 2W0
(807) 825-3315 Ext 227
DISCLAIMER
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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