Feb 19,2020 Ontario tax sale properties The Corporation of the Town of Cobalt

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Feb 19,2020 Ontario tax sale properties The Corporation of the Town of Cobalt

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Fri Jan 31, 2020 5:07 pm

Feb 19,2020 Ontario tax sale properties The Corporation of the Town of Cobalt
municipal act, 2001

sale of land by public tender

ontario regulation 181/03

municipal tax sales rules
The Corporation of the Town of Cobalt

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 19, 2020, at the Cobalt Municipal Office, 18 Silver Street, Cobalt Ontario.

The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Cobalt Municipal Office, 18 Silver Street, Cobalt.

Description of Land(s):

Roll No. 54 08 000 005 00500 0000; 93 Cobalt St., Cobalt; firstly: PIN 61386-0212 (LT); Parcel 12015 Section SST; Lot 273 Plan M47NB Coleman; secondly: PIN 61386-0211 (LT); Parcel 2648 Section SST; Part Lot 272 Plan M47NB Coleman SRO as in LT42136; Cobalt; District of Timiskaming; File No. 18-03

According to the last returned assessment roll, the assessed value of the land is $63,000

Minimum Tender Amount: $12,956.76


Roll No. 54 08 000 006 05400 0000; 25-31 Silver St., Cobalt; firstly: PIN 61386-0663 (LT); Parcel 13584 Section SST; W2/3 Lot 363 Plan M47NB Coleman except S1/2 of WLY2/3 of Lot 363 Plan M47NB S/T NLT5781; secondly: PIN 61386-0664 (LT); Parcel 12718 Section SST; N1/2 of Ely 1/3 Lot 363 Plan M47NB Coleman as in LT113576 S/T NLT5781; thirdly: PIN 61386-0665 (LT); PCL 6693 SEC SST; PT LT 364 PL M47NB Coleman as in LT102156; fourthly: PIN 61386-0666 (LT); PCL 13087 SEC SST; PT LT 364 PL M47NB Coleman; Cobalt; District of Timiskaming; File No. 18-04

According to the last returned assessment roll, the assessed value of the land is $36,000

Minimum Tender Amount: $16,516.40


Roll No. 54 08 000 007 07600 0000; 83 Nickle St., Cobalt; firstly: PIN 61386-0293 (LT); Parcel 2089 Section NND; S1/2 Lot 416 Plan M47NB Coleman S/T NLT5757; secondly: PIN 61386-0294 (LT); Parcel 3095 Section SST; Part Lot 415 Plan M47NB Coleman SRO as in LT44634 (secondly) S/T NLT5757; thirdly: PIN 61386-0295 (LT); Parcel 2669 Section SST; Part Lot 415 Plan M47NB Coleman SRO being the S1/2 of N 36 feet as in LT42415 S/T NLT5757; Cobalt; District of Timiskaming; File No. 18-05

According to the last returned assessment roll, the assessed value of the land is $122,000

Minimum Tender Amount: $14,890.84


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.

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:

Brian Walker
CAO/Clerk-Treasurer
The Corporation of the Town of Cobalt
18 Silver Street, P.O. Box 70
Cobalt ON P0J 1C0
705-679-8877
cobalt@cobalt.ca

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