All tax sales on:
6 November 2021All tax sales from:
City of CambridgeSale of Lands for Tax Arrears
by Public Tender
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE CITY OF CAMBRIDGE more info
TAKE NOTICE that tenders are invited for the purchase of the
lands described below and will be received until 3:00 p.m. local time
on December 2, 2021, at the City of Cambridge Municipal Office, 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 Office, 50
Dickson Street, 1st Floor, Cambridge.
Description of Land(s):
1. Roll No. 30 06 040 028 02200 0000; 62 Ainslie St. S, Cambridge;
PIN 03816-0086 (LT); Part Lot 3 W/S Ainslie Street S Plan 615
Cambridge as in WS648907; S/T & T/W 1372330; Cambridge;
S/T easement in favour of Cambridge and North Dumfries
Hydro Inc. over Part 2 on 58R13950, as in LT144557; File No.
18-08
According to the last returned assessment roll, the assessed value
of the land is $226,000
Minimum Tender Amount: $380,600.63
Please Note: A "Certificate of Requirement" has been registered on
title to the land in File 18-08 PIN 03816-0086 (LT) Copies of the
Provincial Officer's Order are available in the Tender Package and at
the Municipal Office
2. Roll No. 30 06 140 001 09700 0000; 95 Sheffield St., Cambridge;
PIN 03757-0281 (LT); Lot 16 Plan 803 Cambridge; Lot 5 and
Part Lots 4, 6 Plan 88 Cambridge; Part Lot 10 Concession 2
Beasley's Lower Block of Township of Waterloo designated Parts
2, 3 & 4 Plan 67R630; S/T & T/W J8979; Cambridge; File No.
18-23
According to the last returned assessment roll, the assessed value
of the land is $310,000
Minimum Tender Amount: $641,340.00
3. Roll No. 30 06 140 001 09800 0000; 105 Sheffield St., Cambridge;
PIN 03757-0289 (LT); Part Lots 6-7 Plan 88 Cambridge; Part Lot
10 Concession 2 Beasley's Lower Block of Township of Waterloo
as in WS605159; S/T & T/W 1403444; Cambridge; File No. 18-24
According to the last returned assessment roll, the assessed value
of the land is $218,000
Minimum Tender Amount: $558,800.00
Tenders must be submitted in the prescribed form and must be
accompanied by a deposit of at least 20 per cent of the tender amount,
which deposit shall be made by way of a certified cheque/bank draft/
money order payable to the municipality.
Except as follows, the municipality makes no representation regarding
the title to, crown interests or any other matters, including any environmental
concerns, relating to the lands to be sold. Responsibility for ascertaining
these matters rests with the potential purchasers. Any interests of
the Federal or Provincial Crown encumbering the land at the time of the
tax sale will continue to encumber the land after the registration of the
tax deed. The assessed value, according to the last returned assessment
roll, may or may not be representative of the current market value of the
property.
Transfers of properties in this jurisdiction that contain at least one and
not more than six single family residences and are transferred to nonresidents
of Canada or foreign entities, are subject to the Province's
Non-Resident Speculation Tax (NRST).
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
any taxes that may be applicable, such as a land transfer tax and HST.
The municipality has no obligation to provide vacant possession to the
successful purchaser.
A copy of the prescribed form of tender is available on the website
of the Government of Ontario Central Forms Repository under the
listing for the Ministry of Municipal Affairs.
For further information regarding this sale and a copy of the
prescribed form of tender, contact:
Fern Nunes-Farias
Tax/Water Supervisor
The Corporation of the City of Cambridge
50 Dickson Street
P.O. Box 669
Cambridge ON N1R 5W8
519-740-4524 Ext. 4245
www.cambridge.ca/TaxSale