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 
TOWNSHIP OF GEORGIAN BAY
Take Notice that tenders are invited for the purchase of the land(s) 
described below and will be received until 3:00 p.m. local time on 
Tuesday, November 10, 2026, at the Municipal Office, 99 Lone Pine 
Road, Port Severn, ON L0K 1S0.
The tenders will then be opened in public on the same day as soon as 
possible after 3:00 p.m. at the Municipal Office, 99 Lone Pine Road, 
Port Severn, ON.
Description of Land(s):
4. Roll No. 26 15 010 001 26400 0000, 3 Lake St, Grimsby, PIN 
46016-0188 LT, LT 53-56 TP PL 27 Grimsby except PT 4 RD196; 
Grimsby, File NAGY25-058
According to the last returned assessment roll, the assessed value 
of the land is $1,012,000.
Minimum Tender Amount: 	$151,738.23
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 (or board).
Except as follows, the municipality makes no representation regarding 
the title to, existing interests in favour of the Crown, environmental con-
cerns or any other matters relating to the land(s) to be sold. Any existing 
Federal or Provincial Crown liens or executions will remain on title and 
may become the responsibility of the potential purchaser. Responsibility 
for ascertaining these matters rests with the potential purchasers.
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 land transfer tax, HST and Non-
Resident Speculation Tax, if applicable.
Effective January 1, 2023, in accordance with the Prohibition on the 
Purchase of Residential Property by Non-Canadians Act (SC 2022, c 10, 
s 235) (the “Act”), non-Canadians are now prohibited from purchasing 
residential property in Canada, directly or indirectly, pursuant with the 
terms as set out in the Act and Regulations under the Act.  
Any non-Canadian who contravenes the Act, or any person who 
knowingly assists in contravening the Act is liable to a fine of up to 
$10,000 and may be ordered that the property be sold, therefore it is 
highly recommended that any potential purchasers obtain independent 
legal advice to ensure they will not be in contravention of the Act.
It is the sole responsibility of the tenderers to investigate into the 
details of what constitutes a non-Canadian, residential property, 
any exceptions or exclusions, or any other matters or determinations 
relating to the Act. The municipality accepts no responsibility 
whatsoever in ensuring that any potential purchasers comply with the 
Act.
Non-Resident Speculation Tax (NRST) of 25% applies to the purchase 
price for a transfer of residential property located in Ontario which 
contains at least one and not more than six single family residences if 
any one of the transferees is a non-resident of Canada, foreign entity 
or taxable trustee.
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 OntarioTaxSales.ca or if no internet 
access, contact:
Tony Del Monaco , CPA, CMA
Director of Finance / Treasurer
The Corporation of the Town of Grimsby
160 Livingston Avenue
Grimsby, ON L3M 0J5
Tel: 905-945-9634 Ext. 2024
www.grimsby.ca
(159-P354)