Municipal Act, 2001
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE TOWNSHIP OF LARDER 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 September 11, 2025, at the, Corporation of the Township of Larder Lake, 69 Fourth Avenue, Larder 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 Corporation of the Township of Larder Lake, 69 Fourth Avenue, Larder Lake.

Description of Lands:
1. Roll No. 54 62 000 001 07800 0000; PIN 61249-0182 (LT); PCL 4075 SEC SST; PT BROKEN LT 4 CON 3 SKEAD BEING NW PT OF S PT BEING MINING CLAIM L14666 AS IN TP9303; EXCEPT MINING RIGHTS AS IN DT86774 LARDER LAKE; DISTRICT OF TIMISKAMING; File No. 23-01
According to the last returned assessment roll, the assessed value of the land is $25,000
Minimum tender amount: $10,699.28

2. Roll No. 54 62 000 003 18700 0000; PIN 61246-0089 (LT); PCL 15508 SEC SST; MINING CLAIM L31629 HEARST SRO; LARDER LAKE; DISTRICT OF TIMISKAMING; File No. 23-02
According to the last returned assessment roll, the assessed value of the land is $17,700
Minimum tender amount: $14,717.02

3. Roll No. 54 62 000 003 43300 0000; PIN 61246-0013 (LT); PCL 16850 SEC SST; MINING CLAIM L31512 HEARST SRO; LARDER LAKE; DISTRICT OF TIMISKAMING; File No. 23-03
According to the last returned assessment roll, the assessed value of the land is $11,800
Minimum tender amount: $7,554.38

4. Roll No. 54 62 000 004 44100 0000; PIN 61398-0278 (LT); PCL 8378 SEC SST; LT 132 PL M123TIM HEARST SRO; EXCEPTING ALL ORES, MINES OR MINERALS WHICH ARE OR SHALL HEREAFTER BE FOUND, ON OR UNDER THE SAID LANDS, WITH THE RIGHT OF INGRESS AND EGRESS TO MINE AND REMOVE THE SAME; LARDER LAKE; DISTRICT OF TIMISKAMING; File No. 23-04
According to the last returned assessment roll, the assessed value of the land is $9,200
Minimum tender amount: $7,409.94

5. Roll No. 54 62 000 002 20400 0000; PIN 61225-0521 (LT); PCL 10487 SEC CST; LT 93 PL M77TIM MCVITTIE SRO; LARDER LAKE; DISTRICT OF TIMISKAMING; File No. 23-05
According to the last returned assessment roll, the assessed value of the land is $4,300
Minimum tender amount: $8,671.09

6. Roll No. 54 62 000 004 38301 0000; PIN 61398-0500 (LT); PCL 5577 SEC SST; PT BLK L PL M123TIM HEARST SRO AS IN LT65172 S/T LT65172; LARDER LAKE; DISTRICT OF TIMISKAMING;
File No. 23-06
According to the last returned assessment roll, the assessed value of the land is $200
Minimum tender amount: $6,101.72

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 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.

TAKE NOTICE: Where a refund is claimed by a qualifying first-time Homebuyer under the Land Transfer Tax Act, the Municipality requires the purchaser to retain legal counsel to complete the transfer.

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