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 BANCROFT
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 24, 2026, at the Town of Bancroft Municipal Office, 
8 Hastings Heritage Way, Bancroft, 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 Bancroft Municipal Office, 
8 Hastings Heritage Way, Bancroft.
Description of Land(s):
1. Roll No. 12 62 000 010 04200 0000; Mill Street, Bancroft; PIN 
40070-0219 (LT); LT 57 RCP 2196 except PT 1 21R22348; 
Bancroft; County of Hastings; File No. 24-02
According to the last returned assessment roll, the assessed value 
of the land is $1,464,000
Minimum Tender Amount: 	$89,821.23
2. Roll No. 12 62 064 010 37190 0000; Quarry Rd., Bancroft; 
PIN 40083-0313 (LT); PT LT 27 CON 10 Dungannon as in 
QR460257; Bancroft; County of Hastings; File No. 24-14
According to the last returned assessment roll, the assessed value 
of the land is $21,500
Minimum Tender Amount: 	$9,786.10
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, crown interests, or any other matters relating to the lands to 
be sold. Any interests of the Federal or Provincial Crown encumbering 
the land at the time of the tax sale will continue to encumber the land af-
ter the registration of the tax deed. 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.

THE ONTARIO GAZETTE/LA GAZETTE DE L’ONTARIO 	2257
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:
Melissa Dynes
Deputy Treasurer
The Corporation of the Town of Bancroft
8 Hastings Heritage Way
P.O. Box 790
Bancroft ON K0L 1C0
613-332-3331 Ext. 204
mdynes@bancroft.ca
www.bancroft.ca
(159-P257)