Ontario Tax Sale Property     

Providing free tax sale property listings for Ontario, Canada    


Ottawa Public Tender




Source: City of Ottawa - Canada

Sale by Public Tender
Information Bulletin - Please read carefully

The Municipal Act provides important definitions including the following summaries:

"Cancellation Price" means an amount equal to all the realty tax arrears owing on a parcel of land at any time in respect of land together with all current realty taxes, interest, penalties, and reasonable costs incurred by the City
"Tax Deed" is a tax deed as prescribed by section 379 of the Act provided to the successful purchaser of the property after payment of the balance of the Purchase Price.
"Notice of Vesting" means a notice of vesting prepared under subsection 379 of the Act conferring title to the City where there has been no successful tender of a parcel of land and the sale has not been cancelled by the City Treasurer.

A Tax Sale of any property is subject to cancellation up to the time of the tender opening without any further notice.

The minimum bid is the Cancellation Price.

A separate tender must be provided for each parcel bid on and must be in the form provided. No substitutes can be accepted. Please note: Effective April 1, 2005, the fee for each tender bid package is $31. The fee is subject to annual increases.

The tender must be accompanied by a deposit of at least 20% of the tender/bid amount by way of money order, bank draft, or certified cheque payable to the City of Ottawa

The City is not obliged to provide a survey or reference plan for any parcel of land being sold under tax sale.

The City Treasurer is not obliged to inquire into the value of land prior to conducting a sale. Further, there is no obligation to obtain fair market value for the land or to ensure that land being sold under tax sale may obtain fair market value at the time of the sale or in the future.

Prior to submitting a tender, the onus is on the potential bidder to conduct his/her own inquiries into such matters as zoning, access, work orders, water/hydro and other arrears, building restrictions, title problems. The City makes no representations whatever as to the quality and/or quantity of the land being purchased.

The following departments/agencies may be in a position to provide assistance in respect of the tax sale property :

* Zoning & Development Information: 3-1-1
Infrastructure Services Branch: 3-1-1
* The Registry Office (Ministry of Consumer & Commercial Relations) for the City of Ottawa is located at 161 Elgin Street, Ottawa, ON (tel.: 239-1230)
* The Ministry of Environment & Energy is located at 2435 Holly Lane, Ottawa, ON (tel.: 521-3450)
* Municipal Property Assessment Corporation (MPAC) - Regional Assessment Office is located at 1595 Telesat Court, 6th Floor, Gloucester, ON (tel.: 1-800-296-6722) or www.mpac.ca
* Fire Department - Fire Prevention Division is located at 1445 Carling Avenue, Ottawa, ON (tel.: 798-8822)

Potential bidders are further advised that a lawyer should be retained in order to ensure that his/her interests are protected prior to the submission of a bid/tender.

The City does not conduct tours or provide access to properties being sold under tax sale.

The City does not provide legal opinions to potential bidders in respect of issues which may arise in the context of a public sale. If two bids of equal amount are tendered, then the person who submitted the earlier bid will be deemed to be the higher bid.

The successful tender is the highest bidder who has submitted a properly completed tender and who makes payment within fourteen calendar days of being notified by mail of the balance of the amount tendered, the appropriate land transfer tax, and accumulated taxes to the City.

Land Transfer Tax is an amount payable to the Minister of Finance by certified cheque, cash or money order. Any questions in respect of Land Transfer Tax may be directed to the Registry Office, Ministry of Consumer and Commercial Relations, 161 Elgin Street, Ottawa, ON (tel. : (613) 239-1230).

If the highest bidder does not submit the remaining funds as described, then the highest bidder's deposit is forfeited and the land is offered in the same manner to the second highest bidder who then has fourteen calendar days from date of notification to remit the monies owing to the City.

A Tax Deed, which is provided to the successful purchaser at the time when the balance of the Purchase Price is paid, transfers title of the land in "fee simple" subject generally to:

* easements and restrictive covenants; and
* estates and interest of the Crown in right of Canada or the Province of Ontario - (eg: execution in favour of the Ministry of Finance); and
* adverse possession interests by abutting owners, if any.

The City is not required to provide vacant possession of any properties which may be occupied and accordingly, should the purchaser require vacant possession, a court application, at his or her cost, may be required. Further the City DOES NOT have a key to the property and is not in a position to provide one to the purchaser.

Please note: Effective April 1, 2005, the fee for each tender bid package is $31. The fee is subject to annual increases.







Add to del.icio.us Add to Reddit Add to Digg Add to Del.icio.us Add to Google Add to Furl Add to Stumble Upon
Add to Informational Site Network
Report
Privacy
SHAREBOOKMARK








Tax Sale Property Listings

Canada:
Ontario Tax Sale Properties
2007
2006
2005
2004

Alberta Tax Sale Properties

New Brunswick Tax Sale Properties

USA:
New York Tax Sale Properties

Texas Tax Sale Properties


Latest Discussion Posts

>> Re: Quebec ...Do they do tax sales??? by Frank
>> Re: Tax Sale in Nova Scotia List by pragueproperty
>> Re: Quebec ...Do they do tax sales??? by Pfm1011
>> Re: Quebec ...Do they do tax sales??? by Frank
>> Re: Quebec ...Do they do tax sales??? by silverbach
>> Re: for sale cottage by les
>> Re: Red Lake Properties by pragueproperty
>> Re: PROPERTY by buyproperty12
>> Lambton by Pfm1011
>> Re: Red Lake Properties by Pfm1011
>> Re: Red Lake Properties by Sasha
>> Re: Niagara Falls Results by Pfm1011
>> Re: Niagara Falls Results by farrouk
>> Re: Sell property to my own corporation - tax implication by buyproperty12
>> Re: Niagara Falls Results by Pfm1011
>> Re: Red Lake Properties by Pfm1011
>> Re: Need advice for property investment in Edmonton!!! by pragueproperty
>> Re: Properties for sale by buyproperty12
>> Red Lake Properties by Sasha
>> Niagara Falls Results by farrouk
>> Re: Niagara Falls by Harkonnen
>> Leonard Lake -Muskoka by quikcar
>> Re: Anyone want to trade properties? by buyproperty12
>> Re: Anyone have any info on Bonecherre Valley properties or the area? by Pfm1011
>> Leonard Lake -Muskoka by quikcar

Visit the tax sale properties discussion boards


Articles

>> Tax Deed Sales - Can You Still Buy Properties for Pennies on the Dollar at Pennsylvania Tax Sales? by Joanne Musa
>> Foreclosure in California by Gerald Justice
>> How To Find Investment Properties by Steve Gillman
>> The Pros And Cons To Buying Foreclosed Properties by Tim Lee
>> Three Ways For Buying Foreclosed Real Estate by Tim Lee
>> Buying A Home After Foreclosure - Comparing Bad Credit Lenders by Carrie Reeder
>> Don't Buy Tax Lien Certificates Unless You've Done Your Homework! by Joanne Musa
>> Georgia Foreclosure Listings - A Delightful Housing Option by Will Grant
>> Reasons of Getting Rich by Buying Pre-foreclosure by Shawn Daren
>> Get Ready to Shop for Foreclosures by Jason Murphy

View more tax sale property articles


Other

Tax Sale Property Books
Tax Sale Property Links