Oct 17, 2016 Tax sale properties Magnetawan – Ontario
Tax sale properties Magnetawan – Ontario
Municipal Act, 2001, as amended
Sale of Land by public tender
The Corporation of the Municipality of Magnetawan
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 the 17th day of October, 2016, at the Municipal Offices, 4304 Highway 520, Box 70, Magnetawan, Ontario, P0A 1P0.
The tenders will then be opened in public on the same day at 3:30 p.m. at the Magnetawan Community Centre, 4304 Highway 520, Magnetawan, Ontario, P0A 1P0.
Description of Land(s):
PT LT 97 CON B chapman, PT 27 42R4109; Magnetawan. Being all of PIN 52081-0482 (LT). Roll # 49 44 010 003 11201.
Minimum Tender Amount:$5,937.28
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 (or board) 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(s) to be sold. Responsibility for ascertaining these matters rests with the potential purchasers.
This sale is governed by the Municipal Act, 2001, as amended, and the Municipal Tax Sales Rules, as amended, 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.
Note: HST may be payable by successful purchaser.
For further information regarding this sale and a copy of the prescribed form of tender, contact:
Linda Saunders
Treasurer-Tax Collector
The Corporation of the Municipality of Magnetawan
4304 Highway 520, Box 70
magnetawan, Ontario, P0A 1P0
(705) 387-3947
http://www.magnetawan.com
Fax 905-885-1807
dsherwood@porthope.ca
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.
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