sale of land by public tender
The Corporation of the City of Cambridge
take notice that tenders are invited for the purchase of the Ontario tax sale properties City of Cambridge land(s) described below and will be received until 3:00 p.m. local time on August 31, 2017, at the City of Cambridge Municipal Offices, 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 Offices, 50 Dickson Street, Young Room 2nd , Cambridge.
Ontario tax sale properties City of Cambridge
Description of Land(s):
Roll No. 30 06 010 039 14402 0000; 107 McDonald Ave, Cambridge, PIN 22672-0022(LT); Lot 39 Plan 1210 Cambridge S/T 338068 Amended by 356448; S/T 356449; Cambridge. File No. 15-82
Minimum Tender Amount:$108,817.83
Roll No. 30 06 030 014 47995 0000; 55 Glamis Rd, Cambridge; PIN 22656-0005(LT); PT Elgin St N PL 1080 Cambridge Closed by WS509205 & WS540903; PT BLK 1 PL 1080 Cambridge PT 3 & 4 67R1049; S/T WS540911E; Cambridge. File No. 15-37
Minimum Tender Amount:$92,159.41
Roll No. 30 06 100 019 04100 0000; 106 Argyle St N, Cambridge; PIN 03777-0058(LT); PT LT 22 N/S King St & W/S Potter St PL 521 Cambridge as in WS524437; Cambridge. File No. 15-99
Minimum Tender Amount:$25,617.23
Roll No. 30 06 140 003 01100 0000; 91 Queen St W; PIN 03757-0325(LT); LT 12 PL 832; Cambridge. File No. 15-104
Minimum Tender Amount: $46,470.26
Roll No. 30 06 150 015 12800 0000; 420 Pinebush Rd, Cambridge; PIN 03765-0112(LT); PT LT 4 S Range E/S BLK A, 5 S Range E/S BLK A PL 600 Cambridge PT 1, 2 & 3, 58R10873; Cambridge. No. 15-131
Minimum Tender Amount:$290,673.64
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 for a $10 fee, contact:
Fern Nunes-Farias
Supervisor of Tax and Water
Denise Hellyer
Senior Buyer
The Corporation of the City of Cambridge
50 Dickson St
P.O. Box 669
Cambridge, Ontario N1R 5W8
DISCLAIMER
We believe the information contained in this article to be accurate.
It is presented with the understanding that we are not engaged in rendering legal,
accounting, or investment advice. When professional assistance is required,
utilize the services of a licensed real estate broker, lawyer, accountant,
or other consultant as may be required.
Flipping for instant profit LIVE real estate seminar
Crash Course 100% Canadian content
Tickets for LIVE training at
www.Flipping4Profit.ca
