Jul 5, 2018 Ontario tax sale properties Marathon

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Jul 5, 2018 Ontario tax sale properties Marathon

Post: # 47235Post Flipping4Profit.ca
Sat Jun 16, 2018 1:30 pm

Sale of Lands for Tax Arrears by Public Tender
Jul 5, 2018 Ontario tax sale properties Marathon
SALE OF LAND BY PUBLIC TENDER

THE CORPORATION OF THE TOWN OF MARATHON
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 July 5, 2018 at the Town Office, 4 Hemlo Drive, Marathon, Ontario.
The tenders will then be opened in public on the same day as soon as
possible after 3:00 p.m. at the Town Office, 4 Hemlo Drive, Marathon,

Description of Land(s):

Roll No. 5859 000 004 17700 0000 14 Peninsula Road PCL 23720 SEC
TBF; PT LT 21 CON 9 PIC as in LT241925; MARATHON. BEING
ALL OF PIN 62448-0441 (LT)
Minimum Tender Amount: $462,464.88

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 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 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 a copy of the
prescribed form of tender contact:

Chuck Verbo
Treasurer
The Corporation of the Town of Marathon
PO Bag TM; 4 Hemlo Drive
(807) 229-1340, extension 2231
Marathon, Ontario P0T 2E0

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