Tax Sales Hub Tax Sales Hub Investments

Tax Sale Property in New Westminster, British Columbia
207 - 723 Twelfth St
Folio: 09021012 ‐ PID: 023-228-067

Property Unique ID: kjJEe9w4

  • Status: Inactive
  • Sale Type: Public Auction
  • Tax sale date: Oct 07, 2024
  • Release date: Sep 26, 2024
  • Province: British Columbia
  • Municipality: New Westminster
  • Address: 207 - 723 Twelfth St
  • Folio: 09021012
  • PID: 023-228-067
  • Property size: Unknown
  • Zoning: Unknown
  • Near water? No
  • Property on a lake or a bay or a river? No
  • Waterfront? No
  • Accessible by public/private road? Yes
  • House or cottage on the property? Yes
  • Other structure on the property? Unknown
  • Farmland? No
  • Residential? Yes
  • Commercial or industrial? No
  • Vacant land? No
  • Redeemable 12 months
Title Search Report

Title Search Report

Do you want to know everything about the property before buying it?

Find out what mortgages, liens, etc. will affect the property after the tax sale.

The listed price is for a single pin; for multiple pins within a tax sale, reach out to us to determine the cost of a title search.

$149.95
Available only for active tenders

Become a member and save save more than 50% on every Title Search Summary purchase!

Minimum Bid

$1,828.23  CAD

Assessed Value

Unknown

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  • Property Unique ID: kjJEe9w4
  • Published: September 28, 2024

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Description

In accordance with Section 647 of the Local Government Act, the following properties will be offered for sale by public auction on Monday, October 7, 2024 at 10:00 am in the Council Chamber, City Hall, 511 Royal Avenue, New Westminster, BC for all properties with delinquent taxes and interest outstanding at that time.

All bidders must pre-register between 8:35 am to 9:55 am at City Hall. No registrations will be permitted after 9:55 am. There is a non-refundable registration fee of $175 payable in cash or debit. Only registered bidders will be allowed into Council Chamber for the tax sale process. Friends or family of registered bidders will not be permitted. 

To register, participants must be the age of majority, 19 years or older, and will be required to provide photo ID showing their legal name and their Social Insurance Number when registering. Registered bidders must have in their possession certified funds of the upset price at the time of registration. 

1. The lowest amount for which parcels may be sold is the "Upset Price."
2. The highest bidder at or above the Upset Price shall be declared the purchaser. The purchaser must pay by certified cheque or bank draft. Bidders will be given until 2 pm on October 7, 2024 to secure funds for the balance of the bid price. Upset Price to be paid at the time of tax sale.
3. If no bids are received, the City will be declared the purchaser.
4. The purchaser has no legal rights to the property until one year has expired from the date of sale.
5. The owner has one year in which to redeem the property by paying back the Upset Price plus interest accrued to the date of redemption.
6. At redemption, the purchaser is refunded the bid price plus interest accrued from the date of the tax sale. Refunds, including any applicable fees, will be processed within one month.
7. The City of New Westminster makes no representation express or implied as to the condition or quality of the properties being offered for sale.
8. Prospective purchasers are urged to make all necessary inquiries to the municipality and other government agencies to determine the existence of any bylaws, restrictions, charges or other conditions, which may affect the value or suitability of the property. In the case of strata lots, direct questions to the strata corporation.

Legal Description

09021012; 023-228-067; 207 - 723 Twelfth St; LT 12, SBBLCK 11, PL LMS2161, GRP 1, NWD; 1,828.23

Images

Tax Sale New Westminster, British Columbia - 09021012 Tax Sale New Westminster, British Columbia - 09021012 Tax Sale New Westminster, British Columbia - 09021012

We cannot guarantee accuracy of the pictures and the borders of the tax sale land.

Location on Map

207 - 723 Twelfth St

British Columbia tax sale properties buyer's guide

Before you go for a tax sale public auction you should consider the following:

Before you make a final decision to buy a tax sale property, be aware of the following: 

The municipality does not hold the title of the estate or any other matter concerning the lands to be sold. The property value can be much higher or much less than the minimum bid. 

It is up to you to examine this property to see if it is a good investment and to investigate the statutory requirements and tax sale provisions. 

Therefore, we highly recommend you to check the title and executions to see what will stay on the title and become your duty after the execution. Is the property subject to attributable holders' easements, limits and/or adverse possession? Do the condition of the property, land use, zoning, etc. fit into your property plans? 

  1. This process is buyer beware. You must undertake due diligence with respect to all aspects of the property.

Therefore it is important to do your homework before a public auction. 

  1. You may drive past the property, but site visits are not available.

Use Google Maps Street View on the property page to have a closer look. Since Google Maps photos could be deprecated and if the property you are interested in is not so far, it's a good idea to drive there and have a look yourself. 

IMPORTANT: YOU ARE NOT ALLOWED TO GO ON PROPERTY TERRITORY. 

  1. There is no vacant possession. The successful bidder will not receive a key to the property. The successful bidder is responsible for the eviction process if necessary.
  2. You should check if there are any Federal or Provincial liens on title
    . We recommend you do a title search before going for a public auction.

A Title Search Report can be ordered from the tender page on www.taxsaleshub.ca. It'll be ready in 1-2 business days. Most charges will be removed if the property is transferred at the end of the year of redemption, but ones that will be transferred to you as the new owner will be any senior government liens (i.e. Province of BC or Government of Canada). All other mortgages and charges will be removed before ownership is transferred to you. 

  1. You should investigate zoning, planning or building restrictions, and work orders.

Some municipal websites have a "Find Your Zoning" page, where you can find out zoning by the roll number. And, of course, you can always go to City Hall and do your research. 

  1. You are responsible for any environmental concerns if there are contamination issues with the property.
  2. We recommend retaining a lawyer to protect your interests before submitting a bid.

In order to determine what interests will affect a property after a tax sale, you will need to obtain an up-to-date title search report. Members can order reports directly from our site. An in-house title report specialist will prepare a "Title Search Report" in simple, easy-to-understand language. The Report will tell you if any encumbrances will remain against the property after the tax sale. 

By having a Title Search Report updated 1-2 business days before the auction is going to be held, you will be able to see if any new mortgages or other significant interests against the property have been registered since your first search was conducted. You might find that they have and decide not to go for a public auction. 

  1. Decide how much you are willing to pay for the property

Since the tax sale is held as a public auction, others will likely be bidding. The person with the highest bid will be permitted to purchase the property. No one else will be given the opportunity to make the purchase. You should decide the maximum amount you are willing to pay for a tax sale. The amount has to be no less than the minimum bid set per property.