All tax sales on:
4 March 2023All tax sales from:
City of Owen SoundSale of Lands for Tax Arrears
by Public Tender
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE CITY OF OWEN SOUND 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 Wednesday, March 29, 2023, at City Hall, 808 2nd Ave East, Owen
Sound, ON N4K 2H4.
The tenders will then be opened in public on the same day as soon
as possible after 3:00 p.m. at the City Hall, 808 2nd Ave East, Owen
Sound, ON N4K 2H4 and will also be available via live stream on
the Municipality's web site on the same day as soon as possible after
3:00 p.m.
Description of Land(s):
ROLL NO. 42 59 020 009 43600 0000, OWEN SOUND, PIN 37040-
0145 LT, LT 13 E/S ALBERT ST, 15 E/S ALBERT ST PL BROOKE;
PT LT 14 W/S COCK ST PL BROOKE AS IN R509687; S/T
BENEFICIARIES INTEREST IN R509686; OWEN SOUND, FILE
GYOS21-002
Minimum Tender Amount: $9,619.08
According to the last returned assessment roll, the assessed value of
the land is $8,600.00.
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 (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.
Effective January 1, 2023, in accordance with the Prohibition on the
Purchase of Residential Property by Non-Canadians Act (SC 2022,
c 10, s 235) (the "Act"), non-Canadians are now prohibited from
purchasing residential property in Canada, directly or indirectly,
pursuant with the terms as set out in the Act and Regulations under
the Act.
Any non-Canadian who contravenes the Act, or any person who
knowingly assists in contravening the Act is liable to a fine of up to
$10,000 and may be ordered that the property be sold, therefore it is
highly recommended that any potential purchasers obtain independent
legal advice to ensure they will not be in contravention of the Act.
It is the sole responsibility of the tenderers to investigate into the
details of what constitutes a non-Canadian, residential property,
any exceptions or exclusions, or any other matters or determinations
relating to the Act. The municipality accepts no responsibility
whatsoever in ensuring that any potential purchasers comply with the
Act.
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.
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 visit: www.Tri-Target.com | Ontario's
Tax Sale Community
[email protected] or if no internet access
available, contact:
Crys tal Moffatt,
Manager of Revenue
The Corporation of the
City of Owen Sound
808 2nd Ave East
Owen Sound, ON N4K 2H4
(519) 376-4440 Ext. 1288
[email protected]
www.owensound.ca