Bids, Tenders and Surplus Land

TAKE NOTICE that the Corporation of the Township of Larder Lake purposes to enact Bylaws pursuant to the Municipal Act, S. O. 2001, Chapter 25 – with respect to the sale or other disposition of land.

The Council of the Township of Larder Lake will be considering the sale of the following properties;

– Property Location: Seventh Ave
Legal Description: PLAN M123T LOT 534 PCL 6765 and 7529 SST

– Property Location: 45 Godfrey Street
Legal Description: PLAN M123T LOT 211 PCL 15681SST SOLD

– Property Location: GODFREY STREET
Legal Description: PLAN M123T LOT 18 PCL 5560SST SOLD

– Property Location: 34 Godfrey Street
Legal Description: PLAN M123T LOT 24 PCL 5728SST SOLD

– Property Location: Godfrey Street
Legal Description: PLAN M123T LOT 30 PCL 5480SST SOLD

– Property Location: 40 Commissioner Street
Legal Description: PLAN M123T LOTS 190,192 RP 54R4669 PART 1 PCLS 13516CST,17384,23102SST

– Property Location: 17 MacDonald Street
Legal Description: Surface Rights Only Being Part 5 on 54R3176 SOLD

– Property Location: Fourth Avenue (West of 44 Fourth)
Legal Description: PLAN M123T LOT 422 PCL 10699SST

– Property Description: Second Avenue
Legal Description: PLAN M123T LOT 77 PCL 7108CST

– Property Description: 24 Government Road
Legal Description: PLAN M123T LOT 279 PCL 5507SST SOLD

Council will receive offers on the above listed properties.

Broker of Record for sales of surplus municipal land:
Huff Realty Ltd., Brokerage

Sale of Land by Public Tender

                                                                                                            FORM 6
                                                                               SALE OF LAND BY PUBLIC TENDER
                                                                                                Municipal Act, 2001
                                                                 Ontario Regulation 181/03, Municipal Tax Sale Rules
                                                                                SALE OF LAND BY PUBLIC TENDER
                                                          THE CORPORATION OF THE TOWNSHIP OF LARDER LAKE

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 March 2, 2023, at the, Corporation of the Township of Larder Lake, 69 Fourth Avenue, Larder Lake Ontario.
The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Corporation of the Township of Larder Lake, 69 Fourth Avenue, Larder Lake.

Description of Lands:

  1. Roll No. 54 62 000 003 07100 0000; PIN 61246-0423 (LT); MINING CLAIM L23054 HEARST (RECORDED AS L31959); LARDER LAKE; DISTRICT OF TIMISKAMING EXCEPT MINING RIGHTS AS IN DT54576; File No. 20-33

According to the last returned assessment roll, the assessed value of the land is $11,700 Minimum tender amount: $8,391.50

  1. Roll No. 54 62 000 004 38100 0000; Godfrey St.; PIN’s 61398-0502 (LT) and 61398-0503 (LT); FIRSTLY: PCL 5495 SEC SST; LT 215 PL M123TIM HEARST SRO; LARDER LAKE; DISTRICT OF TIMISKAMING; SECONDLY: PCL 6489 SEC SST; LT 217 PL M123TIM HEARST SRO; LARDER LAKE; DISTRICT OF TIMISKAMING; File No. 20-56

According to the last returned assessment roll, the assessed value of the land is $10,700 Minimum tender amount: $8,691.49

  1. Roll No. 54 62 000 004 50100 0000; 24 Godfrey St., Larder Lake; PIN 61398-0616 (LT); PCL 5155 SEC SST; LT 34 W/S COCHRANE ST PL TOWNSITE LARDER CITY HEARST; LARDER LAKE; DISTRICT OF TIMISKAMING; File No. 20-59

According to the last returned assessment roll, the assessed value of the land is $42,000 Minimum tender amount: $19,242.61

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, availability of road access, 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
or if no internet access available, contact:
Crystal Labbe
CAO / Clerk Treasurer
The Corporation of the Township of Larder Lake
69 Fourth Avenue
PO Box 40
Larder Lake ON P0K 1L0
705-643-2158 Ext. 202
www.larderlake.ca