Feb 12,2020 Ontario Tax sale properties Township of Selwyn

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Feb 12,2020 Ontario Tax sale properties Township of Selwyn

Post: # 53798Post Flipping4Profit.ca
Fri Jan 17, 2020 12:29 pm

municipal act, 2001
sale of land by public tender
ontario regulation 181/03
municipal tax sales rules
The Corporation of the Township of Selwyn

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 February 12, 2020 at the Township of Selwyn Municipal Office, 1310 Centre Line, Selwyn Ontario.

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, 1310 Centre Line, Selwyn.

Description of Land(s):

Roll No. 15 16 020 001 50300 0000; 1518 Chemong Rd., Selwyn; PIN 28423-0055(LT); Part S 1/2 Lot 5 Concession E Communication Rd Smith as in R601016; Smith-Ennismore; File No. 17-03

According to the last returned assessment roll, the assessed value of the land is $239,232.

Minimum Tender Amount:$51,943.54


Roll No. 15 16 020 004 26400 0000; 2260 Buckhorn Rd., Lakefield; PIN 28390-0439(LT); Part E Part Lot 24 Concession 13 (Smith) Part 1, Plan 45R12145 ; Smith-Ennismore-Lakefield; File No. 17-14

According to the last returned assessment roll, the assessed value of the land is $204,250.

Minimum Tender Amount:$12,406.61


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.

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. Any interests of the Federal or Provincial Crown encumbering the land at the time of the tax sale will continue to encumber the land after the registration of the tax deed. The assessed value, according to the last returned assessment roll, may or may not be representative of the current market value of the property.

Transfers of properties in this jurisdiction that contain at least one and not more than six single family residences and are transferred to non-residents 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 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:

Erica Cavanagh
Revenue Coordinator/Accounting Assistant
The Corporation of the Township of Selwyn
1310 Centre Line
Selwyn ON K9J 6X5
705-292-9507 ext. 228

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