December 31, 2011 Ontario Tax Sale Property Listings

Serving Tax Sales Investors Since 2005

MUNICIPAL ACT, 2001
SALE OF LAND FOR TAX ARREARS BY PUBLIC TENDER
THE CORPORATION OF THE MUNICIPALITY OF GREENSTONE
TAKE NOTICE that tenders are invited for the purchase of lands described below and will be received until 3:00 p.m. local time on Thursday, January 19, 2012 at the Treasurer’s Office, Greenstone Municipal Office, 1800 Main Street, Geraldton, Ontario P0T 1M0.

The tenders will then be opened in public on the same day at 3:05 p.m. at the Treasurer’s Office, Greenstone Municipal Office, 1800 Main Street, Geraldton, Ontario P0T 1M0.

Description of Lands:
1. Roll No.5876.780.001.12300, PIN 62423-0272(LT)
Parcel 9042 SEC TBF; Lot 48 Plan M116 Summers; Lot 49 Plan M116 Summers SRO; Greenstone, Being all of the PIN
Assessed at 26,500 (Residential)
Address: 39 Heron St., Beardmore, ON
Note: Lien on property
Minimum Tender Amount: $11,097.36

2. Roll No.5876.780.001.32200, PIN 62423-0484(LT)
Parcel 20723 SEC TBF; Part Lot 1 Plan M383 Summers; Part Lot 2 Plan M383 Summers Part 1, 4 55R5102; Greenstone, Being all of the PIN
Assessed at 12,200 (Residential)
Address: 133 Tamarack Avenue, Beardmore, ON
Minimum Tender Amount: $4,906.10

3. Roll No.5876.780.001.03000, PIN 62423-0197(LT)
Parcel 8503 SEC TBF; Lot 29 Plan M110 Summers SRO; Lot 30 Plan M110 Summers Sro; s/t if enforceable, Execution 162162; Greenstone, Being all of the PIN
Assessed at 24,000 (Residential)
Address: 55 Audrey St., Beardmore, ON
Minimum Tender Amount: $59,189.23

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.

All tenders must be in a sealed envelope with TAX SALE and a short description of the property on the outside of the envelope and should be addressed to the name and address below.

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 interest and the relevant land transfer tax and HST, if applicable.

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:
Lise Koroscil
Office Manager
The Corporation of the Municipality of Greenstone
1800 Main Street, P. O. Box 70
Geraldton, ON P0T 1M0
Phone: (807) 854-1100 Fax: (807) 854-1947
Email: lise.koroscil@greenstone.ca or visit
website http:// www.greenstone.ca/landtaxsale

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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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A tax sale purchase in August 2019 with a tender of $22,432 turned into something remarkable. The property later sold on the open market for $892,000 in August 2020 and is now valued between $2 million and $3 million. It is an example of how the right tax sale opportunity can create long term potential for buyers who recognize hidden value early on.✅ To explore active listings, visit ontariotaxsales.ca. #ontariotaxsales #propertytaxsale #ontario ... See MoreSee Less
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