March 16, 2019 Ontario Tax Sale Property Listings

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Municipal Act, 2001
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE TOWN OF KEARNEY
TAKE NOTICE that tenders are invited for the purchase of the land(s) described below and will be received until 3:00p.m. local time on the 15th day of April, 2019, at the Town Offices, 8 Main Street, P.O. Box 38, Kearney, Ontario, POA 1MO.

The tenders will then be opened in public on the same day at 3:30 p.m. at the Town Offices.

Description of Lands:
1. PCL 27501 SEC SS; LT 54 PL M361; KEARNEY
BEING ALL OF PIN 52157-0053(LT)
Roll# 49 18 020 007 09154
Minimum Tender Amount: $5,952.99

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 (or board) 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(s) to be sold. Responsibility for ascertaining these matters rests with the potential purchasers.

This sale is governed by the Municipal Act, 2001, as amended, and the Municipal Tax Sales Rules, as amended, 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, contact:
Brenda J. Fraser, CAO/Clerk/Treasurer
THE CORPORATION OF THE TOWN OF KEARNEY
8 Main Street, P.O. Box 38
KEARNEY, Ontario, POA 1 MO
(705) 636-7752
www.townofkearney.ca

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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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