Feb 28,2019 Ontario tax sale properties City of Kitchener

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Feb 28,2019 Ontario tax sale properties City of Kitchener

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Fri Feb 08, 2019 6:12 pm

Feb 28,2019 Ontario tax sale properties City of Kitchener
Sale of Land for Tax Arrears by Public Tender
municipal act, 2001
sale of land by public tender
Ontario Regulation 181/03
Municipal Tax Sales Rules
The Corporation of the City of Kitchener



SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE CITY OF KITCHENER

TAKE NOTICE that tenders are invited for the purchase of the
land(s) described below and will be received until 3:00 p.m. local time
on February 28, 2019 at the City of Kitchener, City Hall, 200 King
Street West, Procurement Division, 4th Floor, Kitchener, Ontario N2G
4G7. The tenders will then be opened in public on the same day at
the same address at the City of Kitchener, City Hall, Scott Room, 9th
Floor, at 3:30 p.m.


Description of Land(s):


PIN 22326-0146; Lots 447 and 448 and Part Lot 446, Plan 376, being
Part 1 on WDR150, in the City of Kitchener, Regional Municipality
of Waterloo, being 152 Shanley Street, Kitchener, Ontario; Tender No.
T19-041

Minimum Tender Amount: $ 443,925.79

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(s) 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 and any
taxes that may be applicable, such as a land transfer tax.

The municipality has not obligation to provide vacant possession
to the successful purchaser. The municipality does not provide an
opportunity for potential purchasers to view this property.

According to the last returned assessment roll, the assessed value of
the land is $396,500.00

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 or may be found on the
City's website.

For further information regarding this sale please see the City's website
at http://www.kitchener.ca/TaxSale or contact:

Margaret Fisher
Director of Procurement
The Corporation of the City of Kitchener
Procurement Division; Financial Services
4th Floor, 200 King Street West
Kitchener, Ontario
N2G 4G7
[email protected]
Phone: (519) 741-2200 ext. 7214

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