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Mar 13,2019 Ontario tax sale properties town of Penetanguish
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Author:  Flipping4Profit.ca [ Fri Feb 08, 2019 6:20 pm ]
Post subject:  Mar 13,2019 Ontario tax sale properties town of Penetanguish

Mar 13,2019 Ontario tax sale properties town of Penetanguishene
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 town of Penetanguishene


SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE TOWN
OF PENETANGUISHENE

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 Wednesday, March 13, 2019, at the Municipal Office, P.O. Box
5009, 10 Robert Street W., Penetanguishene, ON L9M 2G2.
The tenders will then be opened in public on the same day as soon as
possible after 3:00 p.m. at the Municipal Office, 10 Robert Street W.,
Penetanguishene.

Description of Land(s):

ROLL NO. 43 72 010 001 00110 0000, PIN 58405-0439 LT, PT LT
1 S/S ROBERT ST PL 9 PENETANGUISHENE AS IN PE9362
EXCEPT RO404633 & PT 4, 51R6838; PENETANGUISHENE,
FILE SEPE17-002-TT
Minimum Tender Amount: $5,495.13

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 Town of Penetanguishene.

Except as follows, the municipality makes no representation regarding the
title to, existing interests in favour of the Crown, environmental concerns
or any other matters relating to the land(s) to be sold. Any existing Federal
or Provincial Crown liens or executions will remain on title and may
become the responsibility of the potential purchaser. 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 and HST.

15% Non-Resident Speculation Tax (NRST) applies to the purchase
price for a transfer of residential property located in the Greater
Golden Horseshoe Region which contains at least one and not more
than six single family residences if any one of the transferees is a nonresident
of Canada, foreign entity or taxable trustee.

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 visit: www.penetanguishene.ca/en/business/
tenders.asp or if no internet access available, contact:

Donna Lacroix
Tax Collector/Utility Billing
The Corporation of the Town
of Penetanguishene
P.O. Box 5009
10 Robert Street W.
Penetanguishene, ON L9M 2G2
(705) 549-7453 Ext. 214

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