April 2nd, 2020 Ontario tax sale properties The Corporation of the City of Cambridge

[Navtaj Chandhoke]

April 2nd, 2020 Ontario tax sale properties The Corporation of the City of Cambridge

municipal act, 2001

sale of land by public tender

Ontario regulation 181/03

municipal tax sales rules

The Corporation of the City of Cambridge

take notice that tenders are invited for the purchase of the lands described below and will be received until 3:00 p.m. local time on April 2, 2020, at City of Cambridge Municipal Office, 50 Dickson Street, Cambridge Ontario.

The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the City of Cambridge Municipal Office, 50 Dickson Street, Young Room, 2nd Floor, Cambridge.

Description of Land(s):

Roll No. 30 06 040 028 02200 0000; 62 Ainslie St. S, Cambridge; PIN 03816-0086 (LT); Part Lot 3 W/S Ainslie Street S Plan 615 Cambridge as in WS648907; S/T & T/W 1372330; Cambridge; S/T easement in favour of Cambridge and North Dumfries Hydro Inc. over Part 2 on 58R13950, as in LT144557; File No. 18-08

According to the last returned assessment roll, the assessed value of the land is $262,000.00.

Minimum Tender Amount:$315,464.37

Roll No. 30 06 040 028 08500 0000; 12 Mill St., Cambridge; PIN 03816-0049 (LT); Part Imperial Lane Plan 615 Cambridge closed by 218617 designated Part 3 Plan 58R8714; S/T 1175959E; Cambridge; File No. 18-09

According to the last returned assessment roll, the assessed value of the land is $151,000.00.

Minimum Tender Amount:$41,349.38

Roll No. 30 06 060 055 07200 0000; 23 Clearview Dr., Cambridge; PIN 22662-0118 (LT); Part Lot 66 Plan 836 Cambridge as in WS749164; Cambridge; File No. 18-15

According to the last returned assessment roll, the assessed value of the land is $315,000.00.

Minimum Tender Amount:$34,189.88

Roll No. 30 06 140 001 09700 0000; 95 Sheffield St., Cambridge

According to the last returned assessment roll, the assessed value of the land is $310,000.00.

Minimum Tender Amount:$1,708,021.60

Roll No. 30 06 140 001 09800 0000; 105 Sheffield St., Cambridge

According to the last returned assessment roll, the assessed value of the land is $218,000.00.

Minimum Tender Amount:$945,161.70

Roll No. 30 06 140 002 03007 0000; 180 Groh Ave., Cambridge; PIN 03766-0085 (LT); Part Lot 11 Plan 907 Cambridge designated Parts 7, 8, 11, 12, 13 & 14 Plan 67R2518; Part Lots 15 & 17 and Part Reserve Lots B & D Plan 908 Cambridge designated Part 1 Plan 67R1091, as in WS758159; S/T WS758159; S/T WS627418, WS647980, WS654107; Cambridge; File No. 18-25

According to the last returned assessment roll, the assessed value of the land is $ 2,715,000.00.

Minimum Tender Amount:$3,322,496.11

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.

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.

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

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.

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

Fern Nunes-Farias,

Tax/Water Supervisor

The Corporation of the City of Cambridge

50 Dickson Street

P.O. Box 669

Cambridge ON N1R 5W8

519-740-4524 ext. 4245

http://www.cambridge.ca/TaxSale

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