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 November 7, 2024, at the Collingwood Municipal Office Council Chambers, 97 Hurontario Street, Collingwood Ontario.
The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Collingwood Municipal Office Council Chambers, 97 Hurontario Street, Collingwood.
Description of Land:
Roll No. 43 31 080 012 07413 0000; COLLINGWOOD; PIN 58254-0041 (LT); PT LT 43 CON 11 NOTTAWASAGA PT 13, R551; COLLINGWOOD; File No. 23-02
According to the last returned assessment roll, the assessed value of the land is $16,600.
Minimum tender amount: $6,745.28
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, availability of road access, 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 http://www.OntarioTaxSales.ca or if internet access isn’t available, contact:
Enza Wilson
Tax Collector
The Corporation of the Town of Collingwood
Box 157
97 Hurontario Street
Collingwood ON L9Y 3Z5
705-445-1030 Ext. 3222
[email protected]
www.collingwood.ca
