All tax sales on:
1 Feb 2020All tax sales from:
Town of CobaltSale of Lands for Tax Arrears
by Public Tender
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE TOWN OF COBALT 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
February 19, 2020, at the Cobalt Municipal Office, 18 Silver Street,
Cobalt Ontario.
The tenders will then be opened in public on the same day as soon
as possible after 3:00 p.m. at the Cobalt Municipal Office, 18 Silver
Street, Cobalt.
Description of Land(s):
1. Roll No. 54 08 000 005 00500 0000; 93 Cobalt St., Cobalt;
FIRSTLY: PIN 61386-0212 (LT); Parcel 12015 Section SST;
Lot 273 Plan M47NB Coleman; SECONDLY: PIN 61386-
0211 (LT); Parcel 2648 Section SST; Part Lot 272 Plan M47NB
Coleman SRO as in LT42136; Cobalt; District of Timiskaming;
File No. 18-03
According to the last returned assessment roll, the assessed value of
the land is $63,000
Minimum Tender Amount: $12,956.76
2. Roll No. 54 08 000 006 05400 0000; 25-31 Silver St., Cobalt;
FIRSTLY: PIN 61386-0663 (LT); Parcel 13584 Section SST;
W2/3 Lot 363 Plan M47NB Coleman except S1/2 of WLY2/3
of Lot 363 Plan M47NB S/T NLT5781; SECONDLY: PIN
61386-0664 (LT); Parcel 12718 Section SST; N1/2 of Ely 1/3
Lot 363 Plan M47NB Coleman as in LT113576 S/T NLT5781;
THIRDLY: PIN 61386-0665 (LT); PCL 6693 SEC SST; PT LT
364 PL M47NB Coleman as in LT102156; FOURTHLY: PIN
61386-0666 (LT); PCL 13087 SEC SST; PT LT 364 PL M47NB
Coleman; Cobalt; District of Timiskaming; File No. 18-04
According to the last returned assessment roll, the assessed value of
the land is $36,000
Minimum Tender Amount: $16,516.40
3. Roll No. 54 08 000 007 07600 0000; 83 Nickle St., Cobalt;
FIRSTLY: PIN 61386-0293 (LT); Parcel 2089 Section NND; S1/2
Lot 416 Plan M47NB Coleman S/T NLT5757; SECONDLY: PIN
61386-0294 (LT); Parcel 3095 Section SST; Part Lot 415 Plan
M47NB Coleman SRO as in LT44634 (secondly) S/T NLT5757;
THIRDLY: PIN 61386-0295 (LT); Parcel 2669 Section SST; Part
Lot 415 Plan M47NB Coleman SRO being the S1/2 of N 36 feet
as in LT42415 S/T NLT5757; Cobalt; District of Timiskaming;
File No. 18-05
According to the last returned assessment roll, the assessed value of
the land is $122,000
Minimum Tender Amount: $14,890.84
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 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.
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:
Brian Walker
CAO/Clerk-Treasurer
The Corporation of the Town of Cobalt
18 Silver Street, P.O. Box 70
Cobalt ON P0J 1C0
705-679-8877
cobalt@cobalt.ca