Municipal Act, 2001
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE CITY OF ELLIOT LAKE

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 October 24, 2024, at the Elliot Lake City Hall, 45 Hillside Drive North, Elliot Lake Ontario.

The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Elliot Lake City Hall, 45 Hillside Drive North, Elliot Lake.

Description of Lands:
1. Roll No. 57 41 000 025 05201 0000; 16A LONDON CRES., ELLIOT LAKE; PIN 31630-0014 (LT); PCL 9350 SEC AES; PT LT 137 PL M337 GUNTERMAN; PT LT 138 PL M337 GUNTERMAN PT 5 1R3279; T/W PT 7 1R3279 AS IN LT95982; ELLIOT LAKE; File No. 22-09
According to the last returned assessment roll, the assessed value of the land is $65,000
Minimum tender amount: $9,165.34

2. Roll No. 57 41 000 040 01700 0000; 38 BENNETT DR., ELLIOT LAKE; PIN 31631-0543 (LT); PCL 6903 SEC AES; PT LT 16 PL M367 GUNTERMAN PT 2 1R4066; ELLIOT LAKE; File No. 22-13
According to the last returned assessment roll, the assessed value of the land is $70,000
Minimum tender amount: $7,403.41

3. Roll No. 57 41 000 015 04500 0000; 47 PERINI ROAD, ELLIOT LAKE; PIN Part of 31623-0173 (LT); PART OF PCL 6399 SEC AES; LT 7 PL M167 GUNTERMAN; ELLIOT LAKE; File No. 23-01
According to the last returned assessment roll, the assessed value of the land is $88,000
Minimum tender amount: $20,046.35

4. Roll No. 57 41 000 015 04600 0000; 45 PERINI ROAD, ELLIOT LAKE; PIN Part of PIN 31623-0173 (LT); PART OF PCL 6399 SEC AES; LT 8 PL M167 GUNTERMAN; ELLIOT LAKE; File No. 23-04
According to the last returned assessment roll, the assessed value of the land is $85,000
Minimum tender amount: $19,247.63

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. 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