August 15, 2015 Ontario Tax Sale Property Listings

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MUNICIPAL ACT, 2001
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE TOWN OF DEEP RIVER
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 September 23, 2015 at the Municipal Building, 100 Deep River Road, Deep River, Ontario K0J 1P0

The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Municipal Building, 100 Deep River Road, Deep River, Ontario

Description of Land(s):
Roll 47 96 000 055 00200 0000
33387 Highway 17, Deep River, Ontario
Parcel Register 57060-0265(LT)
PT LT 7 RANGE A ROLPH, PT 23, 49R17118; PT BLK J JP 373 ROLPH, PTS 10, 12 & 13 49R17118; PT LT 7 RANGE A ROLPH, PTS 16, 17, 19, 20 & 21, 49R17118; PT LT 7 RANGE A ROLPH, PTS 3 & 4, 49R17118; S/T EASEMENT AS IN RE113221; S/T EASEMENT AS IN RE113280; T/W EASEMENT AS IN RE113220; T/W EASEMENT AS IN RE117843; PT LT 12 JP 373 ROLPH, PT 2, 49R17118; TOWN OF DEEP RIVER
Minimum Tender Amount: $162,869.25

Tenders must be submitted in the prescribed form and must be accompanied by a deposit in the form of a money order or of a bank draft or cheque certified by a bank or trust corporation payable to the municipality and representing at least 20 per cent of the tender amount.

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.

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 the relevant land transfer tax.

The municipality has no obligation to provide vacant possession to the successful purchaser.

For further information regarding this sale and a copy of the prescribed form of tender contact:
Nadeem Dean,
Treasurer
The Corporation of the Town of Deep River
100 Deep River Road
P.O. Box 400
Deep River, Ontario K0J 1P0
Tel: 613-584-2000 Ext. 111
Email: ndean@deepriver.ca

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Every year Ontario municipalities offer hundreds of tax sale properties for sale for prices that are a fraction of market value. By law, municipalities do not have to get market value for the property

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With a tender of $15,664.65, a final sale of $60,000, and an assessed value of $438,000, this file shows a very wide gap between sale price and assessment. Opportunities like this are exactly why many buyers keep an eye on tax sales. They can offer access to significant assets without traditional market pricing.Browse available properties at ontariotaxsales.ca. #ontariotaxsales #propertytaxsale #ontario ... See MoreSee Less
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