February 17, 2022 Ontario tax lien sale properties The Corporation of the City of Welland

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February 17, 2022 Ontario tax lien sale properties The Corporation of the City of Welland

Post: # 73244Post Flipping4Profit.ca
Fri Jan 14, 2022 12:26 pm

municipal act, 2001
February 17, 2022 Ontario tax lien sale properties The Corporation of the City of Welland

sale of land by public tender

ontario regulation 181/03

municipal tax sales rules
The Corporation of the City of Welland

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 February 17, 2022, at the City of Welland Civic Square, 60 East Main Street, Welland 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 Welland Civic Square, 60 East Main Street, Welland.

Description of Land(s):

Roll No. 27 19 050 001 08728 0000; Matthews Rd. Welland; PIN 64249-0226 (LT); PT LT 11 CON 5 crowland PT 7, 59R7377; S/T CR17007; welland; File No. 21-01

According to the last returned assessment roll, the assessed value of the land is $9,600

Minimum Tender Amount:
$11,280.91


Tenders must be submitted in the prescribed form and must be accompanied by a deposit of at least 20 per cent of the tender amount, which deposit shall be made by way of a certified cheque/bank draft/ money order payable to the municipality.

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. The assessed value, according to the last returned assessment roll, may or may not be representative of the current market value of the property.

Transfers of properties in this jurisdiction that contain at least one and not more than six single family residences and are transferred to non-residents 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 and HST.

The municipality has no obligation to provide vacant possession to the successful purchaser.

A copy of the prescribed form of tender is available on the website of the Government of Ontario Central Forms Repository under the listing for the Ministry of Municipal Affairs.

For further information regarding this sale and a copy of the prescribed form of tender, contact:

Steven Fairweather
Director of Finance/CFO/Treasurer
The Corporation of the City of Welland
60 East Main Street
Welland ON L3B 3X4
905-735-1700 ext. 2170
www.welland.ca

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