Sale of Land – 174 Market Street

Closing: October 7, 2021 at 3:00pm

Municipality: Pembroke

Tenders are invited for the purchase of the land described below and will be received until 3:00 p.m. local time on October 7, 2021. The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. Submitted tenders will be opened via Zoom.

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Description of Land:

Roll No. 47 64 000 030 38700 0000; 174 Market St., Pembroke; PIN 57621-0014 (LT); LT 721, PL 273; CITY OF PEMBROKE; File No. 18-01

According to the last returned assessment roll, the assessed value of the land is $177,000. Minimum tender amount: $86,027.89.

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 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 land 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.

The land was previously advertised for a sale to be held on the 15 day of July, 2021 but the sale was postponed. 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, please contact Ontario Tax Sales or if no internet access available.

Angela Lochtie, Treasurer/Deputy-Clerk
Phone: 613-735-6821 Ext. 1328