All tax sales on:
4 November 2023All tax sales from:
City of DrydenSale of Lands for Tax Arrears
by Public Tender
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE CITY OF DRYDEN 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
November 30, 2023, at the City Hall, 30 Van Horne Avenue, Dryden
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 Hall, 30 Van Horne Avenue,
Dryden.
Description of Land(s):
1. Roll No. 60 26 260 001 12900 0000; 142 FIRST ST., DRYDEN;
PIN 42081-0110 (LT); PCL 24153 SEC DKF; PT LT 3 PL M209
PT 1 KR545; DRYDEN; File No. 22-02
According to the last returned assessment roll, the assessed value
of the land is $71,000
Minimum Tender Amount: $14,222.24
2. Roll No. 60 26 260 002 21350 0000; 26 PINE CRES., DRYDEN;
PIN 42084-0078 (LT); PCL 38343 SEC DKF; LT 49 PL M741
S/T PT 49, 23R4884 AS IN LT200412 AS ASSIGNED BY
LT304876. DRYDEN; File No. 22-05
According to the last returned assessment roll, the assessed value
of the land is $69,000
Minimum Tender Amount: $19,928.70
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 the lands to be sold, including any interests of the Federal or
Provincial Crown that continue to encumber the land after the registration
of the tax deed, 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.
Pursuant to the Prohibition on the Purchase of Residential Property
by Non-Canadians Act, S.C. 2022, c. 10, s. 235 (the "Act"), effective
January 1, 2023, it is prohibited for a non-Canadian to purchase,
directly or indirectly, any residential property, as those terms are
defined in the legislation. Contraventions of the Act are punishable by
a fine, and offending purchasers may be ordered to sell the residential
property.
The municipality assumes no responsibility whatsoever for ensuring
bidders/tenderers comply with the Act, and makes no representations
regarding same. Prospective bidders/tenderers are solely responsible
for ensuring compliance with the Act and are advised to seek legal
advice before participating in this sale.
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 a copy of the
prescribed form of tender, visit: www.OntarioTaxSales.ca or if no
internet access available, contact:
Chelsea Pateman
Deputy Treasurer
The Corporation of the City of Dryden
30 Van Horne Avenue
Dryden ON P8N 2A7
807-223-1102
[email protected]
www.dryden.ca)