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PostPosted: Sat Aug 04, 2018 9:08 am 
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Joined: Wed Mar 29, 2006 5:04 pm
Posts: 3931
municipal act, 2001, as amended
Sep 4,2018 Ontario Tax Sale Properties Magnetawan
sale of land by public tender

The Corporation of the Municipality of Magnetawan

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 the 4th day of September, 2018, at the Municipal Offices, 4304 Highway 520, P.O. Box 70, Magnetawan, Ontario, P0A 1P0.

The tenders will then be opened in public on the same day at 3:30 p.m. at the Community Centre, 4304 Highway 520, Magnetawan, Ontario, P0A 1P0.

Description of Land(s):

PT LT 27-29 CON 5 CHAPMAN AS IN RO175324 E OF RO109265 & HWY 556; MAGNETAWAN. BEING ALL OF PIN 52081-0440 (LT). ROLL # 49 44 010 001 50600.

Minimum Tender Amount:
$7,091.63

PCL 18689 SEC SS; LT 1 PL M372 T/W A RIGHT IN PROPERTY IN THE NATURE OF AN EASEMENT TO USE THE COMMON AREAS BLOCKS “A” & “B”, PL M372; MAGNETAWAN. BEING ALL OF PIN 52087-0120 (LT). ROLL # 49 44 030 003 02307.

Minimum Tender Amount:
$14,492.26

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 land to be sold. Responsibility for ascertaining these matters rests with the potential purchasers.

This sale is governed by the Municipal Act, 2001, as amended and the Municipal Tax Sales Rules, as amended, made under that Act. The successful purchaser will be required to pay the amount tendered plus accumulated taxes and the relevant land transfer tax.

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

Note: H.S.T. may be payable by successful purchaser.

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

Linda Saunders
Treasurer-Tax Collector
The Corporation of the Municipality of Magnetawan
4304 Highway 520, P.O. Box 70
Magnetawan, ON, P0A 1P0
705-387-3947


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