Ontario Tax Sale properties Terrace Bay
sale of land by public tender

The Corporation of the Township of Terrace Bay

take notice that tenders are invited for the purchase of the land described below and will be received until 3:00 p.m. local time on January 18, 2017, at the Terrace Bay Municipal Office, 1 Selkirk Avenue, Terrace Bay Ontario.

 

The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Terrace Bay Municipal Office, 1 Selkirk Avenue, Terrace Bay.

 Description of Land(s):Jan 18,2017 Ontario Tax Sale properties Terrace Bay

Roll No. 58 54 000 002 09300 0000; 33 Kenogami Rd., Terrace Bay; PIN 62457-0220 (LT); Parcel 15509 Section TBF; Lot 220 Plan M121 Strey except Part 1 Plan 55R2274; Terrace Bay; File No. 15-02

Minimum Tender Amount:$30,849.22

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.

The municipality makes no representation regarding the title to, crown interests or any other matters relating to the land to be sold. Responsibility for ascertaining these matters rests with the potential purchasers. Any interests of the Crown encumbering the land at the time of the tax sale will continue to encumber the land after the registration of the tax deed.

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, HST if applicable 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, visit:

Stan J. Spadoni
Treasurer/Deputy Clerk
The Corporation of the Township of Terrace Bay
1 Selkirk Avenue
P.O. Box 40
Terrace Bay ON P0T 2W0
(807) 825-3315 Ext 227

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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.

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