All tax sales on:
4 November 2023All tax sales from:
City of StratfordSale of Lands for Tax Arrears
by Public Tender
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE CITY OF STRATFORD 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, November 21, 2023, at City Hall, Corporate Services–Tax,
P.O. Box 818, 1 Wellington Street, Stratford, Ontario N5A 6W1.
The tenders will then be opened in public on the same day as soon
as possible after 3:00 p.m. at City Hall, 1 Wellington Street, Stratford.
Description of Land(s):
ROLL NO. 31 11 030 010 11600 0000, 100 DALY AVE, STRATFORD,
PIN 53140-0063 LT, LOT 16 PLAN 74 STRATFORD; STRATFORD,
FILE PHSD22-002
Minimum Tender Amount: $95,803.98
According to the last returned assessment roll, the assessed value of
the land is $407,000.00
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 City of Stratford.
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.
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 contact:
April Haynes,
Tax Administrator
The Corporation of the City of Stratford
Corporate Services–Tax
P.O. Box 818, 1 Wellington Street
Stratford, Ontario N5A 6W1
Tel: (519) 271-0250 Ext. 5213
Web: www.stratford.ca