Sale of Land for Tax Arrears by Public Tender
municipal act, 2001
sale of land by public tender
ontario regulation 181/03
municipal tax sales rules
The Corporation of the City of St. Catharines
take notice that tenders are invited for the purchase of the land described below and will be received until 3:00 p.m. local time on March 14, 2024, at the Corporation of the City of St. Catharines, 50 Church Street, Citizens First, Second Floor, St. Catharines Ontario
The tenders will then be opened in public on the same day as soon as possible after 3 p.m. local time at the Corporation of the City of St. Catharines, 50 Church Street, Burgoyne Woods Room, Third Floor, St. Catharines.
Description of Land(s):
Roll No. 26 29 040 042 06400 0000; 185 first ST. louth, ST. catharines; PIN 46149-0055 (LT); PT BLK D TP PL 34 louth as in RO522792; S/T execution 02-00629, if enforceable; ST. catharines; File No. 22-110
According to the last returned assessment roll, the assessed value of the land is $245,000
Minimum Tender Amount:
$57,562.44
Please Note: A “Notice of Property Standards Order” Instrument Number NR118553 (Order No. 06 001407 PR) and Instrument Number NR495719 (Order No. 18 111635 SO) and NR594697 (Order No. 21 113623 SO) has been registered on title to the land in File No. 22-110 PIN 46149-0055 (LT) Copies of the Property Standards Order are available in the Tender Package and at the Municipal Office.
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 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.
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, contact:
Kim Ashfield
Acting Revenue Supervisor
The Corporation of the City of St. Catharines
50 Church Street
P.O. Box 3012
St. Catharines ON L2R 7C2
kashfield@stcatharines.ca
www.stcatharines.ca
(157-P045)