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 Northeastern Manitoulin and The Islands
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 August 21, 2024, at the Town of Northeastern Manitoulin and The Islands Municipal Office, 14 Water St. E., Little Current 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 Northeastern Manitoulin and The Islands Municipal Office, 14 Water St. E., Little Current.
Description of Lands:
1. Roll No. 51 19 040 002 07000 0000; 121 GAIDA'S SIDEROAD, LITTLE CURRENT; PIN 47120-0459 (LT); PT LT 34 CON 2 HOWLAND AS IN RM39724; DESCRIPTION MAY NOT BE ACCEPTABLE IN FUTURE AS IN RM39724; NE MANITOULIN & ISLANDS; File No. 23-02
According to the last returned assessment roll, the assessed value of the land is $ 20500.00
Minimum tender amount: $ 5891.36
2. Roll No. 51 19 030 001 12400 0000; LITTLE CURRENT; PIN 47121-0199 (LT); PT LT 7 CON 10 HOWLAND PT 1, 31R1235; NE MANITOULIN & ISLANDS; File No. 23-12
According to the last returned assessment roll, the assessed value of the land is $ 85000.00
Minimum tender amount: $ 8903.42
3. Roll No. 51 19 040 002 12000 0000; LITTLE CURRENT; PIN 47120-0189 (LT); PT LT 28 CON 3 HOWLAND AS IN T19292; S/T & T/W T19292; NE MANITOULIN & ISLANDS; File No. 23-13
According to the last returned assessment roll, the assessed value of the land is $ 8000.00
Minimum tender amount: $4770.91
4. Roll No. 51 19 030 001 40300 0000; 330 WHITE'S POINT RD., LITTLE CURRENT; PIN 47123-0161 (LT); PT BLK A PL S144 PT 1, 31R1154; NE MANITOULIN & ISLANDS; File No. 23-14
According to the last returned assessment roll, the assessed value of the land is $52000.00
Minimum tender amount: $ 7327.90
5. Roll No. 51 19 040 001 09600 0000; LITTLE CURRENT; PIN 47124-0086 (LT); PT LT 16 CON 3 HOWLAND AS IN T27794; S/T & T/W T27794; NE MANITOULIN & ISLANDS; File No. 23-17
According to the last returned assessment roll, the assessed value of the land is $ 8000.00
Minimum tender amount: $ 5094.04
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 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 contact:
Melanie Aelick
Taxes and Utilities
The Corporation of the Town of Northeastern Manitoulin and the Islands
14 Water St E
P.O. Box 608
Little Current, On P0P 1K0
(705) 368-3500 Ext 225
maelick@townofnemi.on.ca
www.townofnemi.on.ca
Tender to Purchase forms can be found here
Sealed Tenders must have the following information on the outside of the envelop - See here
Please read Instructions for Submitting a Tender here