All tax sales on:
16 September 2023All tax sales from:
Municipality of Sioux LookoutSale of Lands for Tax Arrears
by Public Tender
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE
MUNICIPALITY OF SIOUX LOOKOUT more info
TAKE NOTICE that tenders are invited for the purchase of the land
described below and will be received until 3:00 p.m. local time on
October 11, 2023, at the Sioux Lookout Municipal Office, 25 Fifth
Avenue, Sioux Lookout Ontario.
The tenders will then be opened in public on the same day as soon
as possible after 3:00 p.m. at the Sioux Lookout Municipal Office, 25
Fifth Avenue, Sioux Lookout.
Description of Land(s):
Roll No. 60 34 340 001 05750 0000; 16 FIFTH AVE., SIOUX
LOOKOUT; PIN's 42043-0373 (LT) & 42043-0375 (LT); FIRSTLY:
PCL 35488 SEC DKF; PT LT 31 PL M220; PT LT 32 PL M220 PT
7 & 8 23R5426; S/T PT 7 23R5426 AS IN LT168199 & LT167770;
SIOUX LOOKOUT; SECONDLY: PCL 34078 SEC DKF; PT LT 32
PL M220 PT 3 & 4 23R5426; S/T PT 4 23R5426 AS IN LT167770;
SIOUX LOOKOUT; File No. 22-03
According to the last returned assessment roll, the assessed value of
the land is $297,000
Minimum Tender Amount: $143,979.72
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 land 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 land
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.
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 Actare 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 contact and a copy of the
prescribed form of tender, contact:
Carly Collins
Treasurer
The Corporation of the
Municipality of Sioux Lookout
PO Box 158
Sioux Lookout ON P8T 1A4
(807) 737-2700 Ext. 2232
treasurer@siouxlookout.ca
www.siouxlookout.ca