All tax sales on:
10 September 2022All tax sales from:
City of TimminsSale of Lands for Tax Arrears
by Public Tender
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE CITY OF TIMMINS more info
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 Tuesday, October 18, 2022, at The Municipal Office (City Hall),
Service Timmins Department. The tenders will then be opened on the
same day at 3:15 pm.
Due to Covid-19 restrictions, members of the public are invited to
attend virtually using the link https://www.timmins.ca/tax_sales.
Description of Land(s):
TR 19-42 – 5627-050-001-05000-0000
PCL 4733 SEC WAT SRO; LT 507 PL M30S TISDALE;
LT 508 PL M30S TISDALE; SLY 6 FT LT 509 PL M30S
TISDALE S/T RESERVATION IN S3231;
CITY OF TIMMINS PIN 65404-0668
IMPROVED – 33 CEDAR STREET SOUTH
According to the last assessment roll, the assessed value
of the property is 415,000
Minimum Tender Amount: $239,698.32
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 (or board).
Except as follows, the municipality makes no representation regarding
the title to, existing interests in favour of the Crown, environmental concerns
or any other matters relating to the land(s) to be sold. Any existing
Federal or Provincial Crown liens or executions will remain on title and
may become the responsibility of the potential purchaser. 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 any taxes that may be applicable, such as a
land transfer tax and HST.
20% Non-Resident Speculation Tax (NRST) applies to the purchase
price for a transfer of residential property located in Ontario, which
contains at least one and not more than six single family residences if
any one of the transferees is a non-resident of Canada, foreign entity
or taxable trustee.
The municipality has no obligation to provide vacant possession to the
successful purchaser.
For further information regarding this sale and a copy of the most
recent and up to date prescribed Form 7 Tender to Purchase, visit:
www.timmins.ca or if no internet access available, contact:
Sandy Dinel,
Chief Tax Collector
Elizabeth Charbonneau,
Deputy Tax Collector
Ryan Plouffe, Deputy Tax Collector
The Corporation of the City of Timmins
705-264-1331
220 Algonquin Blvd E
Timmins ON P4N 1B3
Email:
[email protected]