All tax sales on:
7 May 2022All tax sales from:
Town of Espanola Sale of Lands for Tax Arrears
by Public Tender
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE TOWN OF ESPANOLA 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 May
26, 2022, at the Town of Espanola, 100 Tudhope Street, Espanola
Ontario.
The tenders will then be opened in public on the same day as soon as
possible after 3:00 p.m. at the Town of Espanola, 100 Tudhope Street,
Espanola.
Description of Land(s):
1. Roll No. 52 26 000 009 09000 0000; 258 Albert Street, Espanola;
PIN 73408-0168 (LT); PCL 6963 SEC SWS; LT 115 PL M66
MERRITT; ESPANOLA; File No. 19-12
According to the last returned assessment roll, the assessed value
of the land is $17,400
Minimum Tender Amount: $32,920.12
2. Roll No. 52 26 000 009 01500 0000; 344 Secord Street, Espanola;
PIN 73407-0498 (LT); PCL 6806 SEC SWS; LT 157 PL M74
MERRITT; ESPANOLA; File No. 19-14
According to the last returned assessment roll, the assessed value
of the land is $81,000
Minimum Tender Amount: $18,838.00
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 or any other matters relating to the lands to be sold.
Responsibility for ascertaining these matters rests with the potential
purchasers. 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 that contain at least one and not more than
six single family residences and are transferred to non-residents 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 copy of the prescribed
form of tender contact:
Cathy Tessier
Deputy Treasurer
The Corporation of the Town of Espanola
100 Tudhope Street, Suite 2
Espanola ON P5E 1S6
(705) 869-1540 Ext 2108
ctessier@espanola.ca
www.espanola.ca