- Tax Sales Hub
- Ontario
- Timmins
- KNbG85W4
Tax Sale Property in Timmins, Ontario
ROLL: 5627 050 037 06400 0000
‐ PIN: 65422-0726
Property Unique ID: KNbG85W4
Documents Package
Minimum Bid
$192,026.14 CADAssessed Value
Potential Revenue
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Description
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 Wednesday, April 16, 2025, at City Hall, Service Timmins Department, 220 Algonquin Blvd E, Timmins, ON P4N 1B3.
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 concerns 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.
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.
Legal Description
FILE TR 21-85–ROLL NO. 5627 050 037 06400 0000 PIN 65422-0726 LT, THE SURFACE RIGHTS ONLY OF PCL 180 SEC SEC SRO; LT 191 PL M26S MOUNTJOY RESERVING TO THE ONTARIO NORTHLAND TRANSPORTATION COMMISSION THE RIGHT TO CROSS SAID LANDS AND TO LAY DOWN THEIR RIGHT- OF-WAY NINETY-NINE FEET IN WIDTH ON AND OVER SAID LANDS OR ANY PART THEREOF AS MAY HEREAFTER BE FOUND NECESSARY OR EXPEDIENT; SAID RESERVATIONS TO BE OF THE SURFACE RIGHTS ONLY IN ACCORDANCE WITH THE TERMS OF AN ORDER OF OUR LIEUTENANT-GOVERNOR IN COUNCIL, DATED THE 22ND FEBRUARY, 1909; CITY OF TIMMINS Vacant Land – 181-183 Commercial Ave According to the last returned assessment roll, the assessed value of the land is 28,000. Minimum Tender Amount:$192,026.14
Virtual Event
The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at City Hall, Council Chambers, 220 Algonquin Blvd E, Timmins and members of the public are invited to attend virtually using the link.
Ontario tax sale properties buyer's guide
Before you submit a tender for 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 can be much higher or much less than the tender minimum.
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. In most cases, if at the time the tax deed is registered the estate is subject to a crown interest (such as a mortgage, lien or execution), when you become the holder it will continue to be subject to that crown interest. Is the property subject to attributable holders ' easements, limits and/or adverse possession? Does the condition of the property, land use, zoning, etc. fit into your property plans?
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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 tender.
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You may drive past the property, but site visits are not available.
Use google map street view on the property page to have a closer look. Since google map photos could be deprecated and if the property you are interesting 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.
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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.
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You are responsible for any Federal or Provincial liens on title. We recommend you do a title search before submitting your bid.
Title Search Report can be ordered from the tender page on www.taxsaleshub.ca. It'll be ready in 1-2 business days.
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You should investigate zoning, planning or building restrictions, and work orders.
Some municipal websites have "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.
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You are responsible for any environmental concerns if there are contamination issues with the property.
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We recommend to retain 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 and an execution 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 on the morning that tenders must be received, 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 want to withdraw your tender. You can do this by either faxing or hand-delivering a request to withdraw your tender directly to the treasurer’s office. It must be received by the treasurer before the final time for receiving tenders has passed.