Sale of Land by Public Tender - Feb 23, 2023

Form 6

SALE OF LAND BY PUBLIC TENDER

Municipal Act, 2001

Ontario Regulation 181/03, Municipal Tax Sale Rules

SALE OF LAND BY PUBLIC TENDER

The Corporation of the Town of Caledon

Take Notice that tenders are invited for the purchase of the lands described below and will be received until 3:00 p.m. local time on February 23, 2023, at the Town of Caledon Municipal Office, 6311 Old Church Road, Caledon Ontario.

The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Town of Caledon Municipal Office, 6311 Old Church Road, Caledon.

Public meeting

You are invited to attend a public meeting for the sale of land by public tender. 

This meeting will be held virtually and in-person. Please advise us if you require an accessibility accommodation to participate.

February 23, 2023 | 3 p.m.

Listen by phone

Phone Number: 1-416-216-5643
Meeting Access Code: 2633 895 9183 #

View meeting online

To view the Webex meeting online, visit caledon.ca/taxsale. Please ensure you have downloaded Webex well before the meeting date.

Attend in-person

To attend in-person visit the Town of Caledon Municipal Office, 6311 Old Church Road, Caledon Ontario.

Description of Lands:

1. Roll No. 21 24 090 007 00638 0000; PIN 14322-0822 (LT); PT LT C, BLK 3 BOL7 DES PT 5,

43R30932; S/T EASE OVER PT 5, 43R30932 AS IN PR1002561; CALEDON. T/W EASEMENT OVER PEEL COMMON ELEMENTS CONDOMINIUM PL NO. 806 AS IN DECLARATION # PR1239075, AS IN PR1456306.; File 21-36

According to the last returned assessment roll, the assessed value of the land is $791,000

Minimum tender amount: $67,056.34

2. Roll No. 21 24 030 008 00905 0000; PIN 14273-0272 (LT); LT 16 BLK 8 PL CAL5 CALEDON; CALEDON; File No. 21-46

According to the last returned assessment roll, the assessed value of the land is $205,000

Minimum tender amount: $22,499.74

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 lands 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 and/or caledon.ca/taxsale

or if no internet access available, contact: