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PostPosted: Fri Mar 01, 2019 10:53 pm 
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Mar 27,2019 Ontario tax sale properties Penetanguishene
Sale of Lands for Tax Arrears 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 27, 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: $5,531.31

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.

The land was previously advertised for a sale to be held on the 13th of
March, 2019, but the sale was postponed.

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 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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