May 16, 2019 Ontario Tax Sale properties Markham

SALE OF LAND BY PUBLIC TENDER

THE CORPORATION OF THE CITY OF MARKHAM

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 May

16, 2019, at the Clerk’s Department, City of Markham Municipal

Office, Main Level, 101 Town Centre Blvd., Markham Ontario.

The tenders will then be opened in public on the same day as soon

as possible after 3:00 p.m. in the Ontario Room, City of Markham

Municipal Office, Main Level, 101 Town Centre Blvd., Markham.

Description of Land(s):

Roll No. 19 36 030 240 61000 0000; 10855 Kennedy Rd., Markham;

PIN 03056-0105 (LT); Part Lot 26 Concession 6 as in MA70199; City

of Markham; File No. 16-75

Minimum Tender Amount: $177,870.79

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, crown interests, or any other matters relating to the lands

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

potential purchasers.

The land was previously advertised for a sale to be held on the 21st day

of February, 2019 but the sale was postponed.

Transfers of properties in this jurisdiction that contain at least one and

not more than six single family residences and are transferred to nonresidents

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, HST if

applicable and the relevant land transfer tax.

The municipality has no obligation to provide vacant possession to the

successful purchaser.

For further information regarding this sale and how to obtain a

prescribed form of tender contact:

Miranda Miluzzi

Manager of Tax and Cash Management

The Corporation of the City of Markham

101 Town Centre Blvd.

Markham ON L3R 9W3

(905) 477-7000 Ext. 4726

mmiluzzi@markham.ca

PLEASE NOTE:

Tax Sales are not typical real estate transactions. If you are considering

participating in a tax sale, it is highly recommended that you seek

independent legal advice from a lawyer licensed to practice in Ontario

and in good standing with the Law Society of Upper Canada.

In addition, it is not permitted to enter upon a property that is

advertised for tax sale. These are not typical real estate transactions.

Entering upon a property advertised for tax sale proceedings is

considered to be trespassing.

Before you submit a tender for a tax sale property, be aware of the

following:

1. This process is buyer beware. You must undertake due diligence

with respect to all aspects of the property.

2. You may drive past the property, but site visits are not available.

3. There is no vacant possession. The successful bidder will not

receive a key to the property. The successful bidder is responsible

for the eviction process if necessary.

4. You are responsible for any Federal or Provincial liens on title.

We recommend you do a title search before submitting your bid.

5. You should investigate zoning, planning or building restrictions,

and work orders.

6. You are responsible for any environmental concerns if there are

contamination issues with the property.

7. The onus is on you to conduct your own inquiries for water/hydro

and other arrears.

8. You should retain a lawyer to protect your interests before

submitting a bid.