Tax Sale Property.ca

Full Official Sale Listing

MUNICIPAL ACT, 2001
SALE OF LAND BY PUBLIC TENDER
ONTARIO REGULATION 181/03
MUNICIPAL TAX SALES RULES
THE CORPORATION OF THE TOWN OF INGERSOLL
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 
October 22, 2026, at the Town of Ingersoll Municipal Office, 130 
Oxford Street, 2nd Floor, Ingersoll, Ontario.
The tenders will then be opened in public on the same day as soon as 
possible after 3:00 p.m. at the Town of Ingersoll Municipal Office, 130 
Oxford Street, 2nd Floor, Ingersoll.
Description of Land(s):
Roll No. 32 18 011 020 38500 0000; Thames St. S, Ingersoll; PIN 
00164-0063 (LT); PT LT 69-71 PL 186 as in 322074 NW of Pine St 
PL186; subject to an easement in gross over Part Lots 70 & 71, Plan 
186, Part  4, Plan 41R8302 as in CO189177; Town of Ingersoll; File 
No. 25-40
According to the last returned assessment roll, the assessed value of 
the land is $35,000 Residential
Minimum Tender Amount: 	$11,660.47
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.
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 or if no 
internet access available, contact:
Mandy Clark
Deputy Treasurer
The Corporation of the Town of Ingersoll
130 Oxford Street, 2nd Floor
Ingersoll ON N5C 2V5
Tel: 519-485-0120 Ext. 6228
mandy.clark@ingersoll.ca
www.ingersoll.ca
(159-P323)