MUNICIPAL ACT, 2001
SALE OF LAND BY PUBLIC TENDER
CITY OF TORONTO ACT, 2006
Toronto Tax Sale properties 2015: 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 Wednesday June 24th, 2015 at the tender box at Revenue Services, Lower Level, North York Civic Centre, 5100 Yonge Street, Toronto, Ontario, M2N 5V7.The tenders will then be opened in public on the same day at 3:30 p.m. in North York Civic Centre, Council Chambers.
Toronto Tax Sale properties 2015
Description of Land(s):
Please go to www.toronto.ca/taxes/
Tenders must be submitted in the prescribed form and must be accompanied by a deposit in the form of a money order, a bank draft or cheque certified by a bank or trust corporation payable to the City of Toronto and representing at least 20 per cent of the tender amount.
The City of Toronto makes no representation regarding the title to or any other matters including environmental condition, relating to the lands to be sold.
Responsibility for ascertaining these matters rests with the potential purchasers.
This sale is governed by the City Of Toronto Act, 2006 and the Toronto Tax Sales Rules made under that Act. The successful purchaser will be required to pay the amount tendered plus accumulated taxes and the relevant municipal and provincial land transfer tax and applicable HST.
The City of Toronto has no obligation to provide vacant possession to the successful purchaser.
For further information regarding Toronto Tax Sale properties 2015 and a copy of the prescribed form of tender contact:
Nick Naddeo,
Manager,
Revenue Accounting and Collections,
Revenue Services City of Toronto,
5100 Yonge Street, Toronto, Ontario, M2N 5V7,
(416) 395-0014.
www.toronto.ca/taxes/
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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