Tax Sales Hub Tax Sales Hub Investments

Tax Sale Property in Vancouver, British Columbia
1949 GRAVELEY ST VANCOUVER V5L 3B5
Folio: 09-200-014-616-253-49-0000 ‐ PID: 013-505-068

Property Unique ID: W469kMNy

  • Status: Inactive
  • Sale Type: Public Auction
  • Tax sale date: Nov 10, 2021
  • Release date: Oct 25, 2021
  • Province: British Columbia
  • Municipality: Vancouver
  • Address: 1949 GRAVELEY ST VANCOUVER V5L 3B5
  • Folio: 09-200-014-616-253-49-0000
  • PID: 013-505-068
  • Property size: Unknown
  • Zoning: Unknown
  • Near water? Yes
  • 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? No
  • Farmland? No
  • Residential? Unknown
  • Commercial or industrial? Unknown
  • Vacant land? Unknown
  • 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

$4,221.26  CAD

Assessed Value

$1,323.10  CAD

Potential Revenue

-$2,898.16  CAD

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  • Property Unique ID: W469kMNy
  • Published: November 09, 2021

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Description

ONLY CASH, CERTIFIED CHEQUE OR DEBIT CARD

WILL BE ACCEPTED

Please make cheques payable to “City of Vancouver”

Payments will be accepted until 12:00 noon on Friday,

November 12, 2021.

In addition to the taxes and other charges included in the upset price, subsequent taxes are also due as shown in separate amounts on this list. These subsequent taxes, with interest and the amount bid, if any, over the upset price, will become payable on demand after the expiration of the period of one year allowed for redemption, together with all the charges to that date, before the purchaser can obtain title. At this time, you will also be subject to taxation under the Provincial Property Purchase Tax Act and the Goods and Services Tax, where applicable.

In the event of redemption, the purchaser will receive interest on the upset price money paid at the rate of 6% per annum to the date of redemption.

The City of Vancouver makes no representation expressed or implied as to the condition or quality of the properties being offered for sale. Prospective purchasers are urged to research the properties and make all necessary inquiries to municipal and other government departments to determine the existence of any bylaws, restriction, charges or other conditions which may affect the value or suitability of the properties.

 

Legal Description

Lot 17 Block 138 Plan VAP347 District Lot 264A Land District 36 OF LOT 4, & PL1771

Additional Information

Year built 1912

Description 1 STY house - Basic

Bedrooms 4

Baths 2

Garages G

Land size 33 x 93.5 Ft

First floor area 759

Basement finish area 700

No sales history for the last 3 full calendar years

Images

Tax Sale Vancouver, British Columbia - 09-200-014-616-253-49-0000 Tax Sale Vancouver, British Columbia - 09-200-014-616-253-49-0000 Tax Sale Vancouver, British Columbia - 09-200-014-616-253-49-0000 Tax Sale Vancouver, British Columbia - 09-200-014-616-253-49-0000

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

Location on Map

1949 GRAVELEY ST VANCOUVER V5L 3B5

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.