Municipal Act, 2001
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE TOWNSHIP OF MCGARRY

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 November 20, 2024, at the McGarry Municipal Office, 27 Webster Street, Virginiatown Ontario.

The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the McGarry Community Centre, 1 – 27th Street, Virginiatown.

Description of Lands:
1. Roll No. 54 58 000 001 01100 0000; 2 COCKERAM ST., VIRGINIATOWN; PIN 61224-0987 (LT); PCL 10465 SEC CST; LT 11 PL M126TIM MCGARRY SRO; MCGARRY; DISTRICT OF TIMISKAMING; File No. 23-01
According to the last returned assessment roll, the assessed value of the land is $30,500.00
Minimum tender amount: $36,979.36.

2. Roll No. 54 58 000 001 19400 0000; 58 CONNELL AVE., VIRGINIATOWN; PIN 61224-0942 (LT); PCL 5511 SEC CST; LT 194 PL M126TIM MCGARRY SRO; LT 195 PL M126TIM MCGARRY SRO; MCGARRY; DISTRICT OF TIMISKAMING; File No. 23-02
According to the last returned assessment roll, the assessed value of the land is $53,000.00
Minimum tender amount: $142,518.91.

3. Roll No. 54 58 000 001 25700 0000; 13 REDDICK AVE., VIRGINIATOWN; PIN 61224-0691 (LT) & 61224-0692 (LT); FIRSTLY: PCL 11530 SEC CST; LT 259 PL M132TIM MCGARRY SRO; MCGARRY; DISTRICT OF TIMISKAMING; SECONDLY: PCL 11709 SEC CST; LT 260 PL M132TIM MCGARRY SRO; MCGARRY; DISTRICT OF TIMISKAMING; File No. 23-03
According to the last returned assessment roll, the assessed value of the land is $37,500.00
Minimum tender amount: $38,342.77.

4. Roll No. 54 58 000 003 12700 0000; 11 BARKLEY AVE., KEARNS; PIN 61224-0423 (LT); PCL 11727 SEC CST; LT 127 PL M125TIM MCGARRY SRO; MCGARRY; DISTRICT OF TIMISKAMING; File No. 23-04
According to the last returned assessment roll, the assessed value of the land is $56,000.00
Minimum tender amount: $15,560.26.

5. Roll No. 54 58 000 001 29000 0000; 51 COLVILLE ST., VIRGINIATOWN; PIN 61224-0715 (LT); PCL 11631 SEC CST; LT 292 PL M132TIM MCGARRY SRO; MCGARRY; DISTRICT OF TIMISKAMING; File No. 23-07
According to the last returned assessment roll, the assessed value of the land is $6,000.00
Minimum tender amount: $21,733.70.

Except as follows, the municipality makes no representation regarding the title to 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.

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