Tax sale properties South River – Ontario
Oct 24, 2016 Tax sale properties South River – Ontario
Tax sale properties South River – Ontario
Municipal Act, 2001
Sale of Land by public tender
The Corporation of The Village of South River
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 Monday October 24, 2016
Description of Land(s):
295 Highway 124, South River, Ontario, legally described as PIN 52061-0107(LT), Parcel 18007, Section NS, Part of Lot 4, Concession 2 Machar, Part 1 on Plan 42R13070, Village of South River, District of Parry Sound
Minimum Tender Amount: $107,356.75
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 contact:
Ms. Sherri Hawthorne
The Corporation of the Village of South River
PO Box 310
South River, ON P0A 1X0
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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