July 24, 2010 Ontario Tax Sale Property Listings

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CochraneEar Falls

MUNICIPAL ACT, 2001
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE TOWN OF COCHRANE
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 Monday, August 16, 2010 at the Municipal Office, 171 4th Ave., PO Box 490, Cochrane, Ontario P0L 1C0.

The tenders will then be opened in public on the same day at 3:15 p.m at the Municipal Office, 171 4th Ave., Cochrane, Ontario.

Description of Lands:
PIN 65246-617
PCL 4119 SEC LAG; PT LT 11 CON 1 6R7677 GLACKMEYER PART 1
Town of Cochrane, District of Cochrane
2.74 Acres
File No. 2009-05
Minimum Tender Amount: $ 2,070.17

Description of Lands:
PIN 65247-0042
PCL 6240 SEC NEC PT LT 28 CON 1 BLOUNT CR790 PT 1
Town of Cochrane, District of Cochrane
0.35 Acres
File No. 2009-09
Minimum Tender Amount: $ 4,535.26

Description of Lands:
PIN 65238-0031
PCL 3189 SEC NEC W½ LT 10 CON 3 LEITCH
Town of Cochrane, District of Cochrane
75.5 Acres
File No. 2009-10
Minimum Tender Amount: $ 1,801.17

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.

The Municipal Act, 2001 and the Municipal Tax Sales Act govern this sale.

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:
Dean Wilson, CMA -Treasurer
The Corporation of the Town of Cochrane
171 – 4th Avenue
P.O. Box 490
Cochrane, Ontario P0L 1C0

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MUNICIPAL ACT, 2001
SALE OF LAND BY PUBLIC TENDER
The Corporation of the Township of Ear Falls
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 18 August 2010, at the Ear Falls Municipal Office, 1 Shelski Lane, P.O. Box 309, Ear Falls, Ontario P0V 1T0.

The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Ear Falls Municipal Office, 1 Shelski Lane, Ear Falls, Ontario.

Description of Lands:
Roll No. 60 42 000 002 03500 0000; 25 McCallum St. Ear Falls; Firstly: PIN 42034-0013 being Parcel 4507 Section DPF; Lot 6 Plan M332; Ear Falls; Secondly: PIN 42034-0012 being Parcel 6080 Section DPF Surface Rights Only; Lot 7 Plan M332; Ear Falls. File 09-01
Minimum Tender Amount: $ 35,092.36

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, crown interests 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.

Note: HST may be payable by successful purchaser.

For further information regarding this sale and a copy of the prescribed form of tender visit www.OntarioTaxSales.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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