All tax sales on:
10 Feb 2024All tax sales from:
LambtonSale of Lands for Tax Arrears
by Public Tender
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE
MUNICIPALITY OF LAMBTON SHORES 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 February 29, 2024, at the Municipal Office, 9577 Port Franks Rd.,
Thedford Ontario.
The tenders will then be opened in public on the same day as soon as
possible after 3:00 p.m. at the Municipal Office, 9577 Port Franks Rd.,
Thedford.
Description of Land(s):
Roll No. 38 45 380 010 25000 0000; 6 MAIN ST. N, FOREST; PIN
43077-0198 (LT); PT LT 2 W/S MAIN ST AND N OF THE GRAND
TRUNK RAILWAY PL 3 FOREST PARTS 1 & 5, 25R5999;
LAMBTON SHORES; File No. 22-02
According to the last returned assessment roll, the assessed value of
the land is $87,000
Minimum Tender Amount: $518,280.08
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 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.
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:
Julie Wiseman
Deputy Treasurer
The Corporation of the
Municipality of Lambton Shores
9577 Port Franks Rd.
Thedford ON N0M 2N0
519-243-1400 Ext. 8114 or
1-866-943-1400 Ext. 8114