RESULTS OF SALE OF LAND BY PUBLIC TENDER
Pursuant to Municipal Tax Sale Rules Section 5(4)
The following are the results of the sale of land by public tender, which took place on April 27, 2023 at 3:00 p.m.
Submitted tenders were opened in a session open to the public at
3:15 p.m. at Gale Centre Memorial Room, 5152 Thorold Stone Rd, Niagara Falls, Ontario.
Description of Lands
Roll No. 27 25 130 001 15400 0000; SS SAUER RD.; PIN 64251-0032 (LT); PT LT 4 CON 3 WILLOUGHBY AS IN RO280458; NIAGARA FALLS; File No. 21-11
According to the last returned assessment roll, the assessed value of the land is $187,000
Minimum tender amount: $20,038.76 - View Map
Tenders were to be submitted in the prescribed form and were to be accompanied by a deposit of at least 20 percent of the tender amount, made by way of a certified cheque, bank draft, or money order payable to the municipality
Results pertaining to the successful tenderer are as follows
- The successful tenderer submitted a bid of: $828,888.88
- Bid was submitted with a deposit of: $165,777.79
- Name of successful tenderer: 2258544 Ontario Inc.
- The legal transfer of lands was completed on May 4, 2023.
This sale was governed by the Municipal Act, 2001 and the Municipal Tax Sales Rules made under that Act. The successful purchaser was required to pay the amount tendered plus accumulated taxes and any taxes that may be applicable, such as a land transfer tax and HST.
RESULTS OF SALE OF LAND BY PUBLIC TENDER
Pursuant to Municipal Tax Sale Rules Section 5(4)
The following are the results of the sale of land by public tender, which took place on July 7, 2022 at 3:00 p.m.
Submitted tenders were opened in a session open to the public at
3:15 p.m. at Gale Centre Memorial Room, 5152 Thorold Stone Rd, Niagara Falls, Ontario.
Description of Lands
Roll No. 27 25 010 006 29200 0000; 4134 Martin Ave., Niagara Falls; PIN 64326-0102 (LT); LT 127 PL 304; NIAGARA FALLS; File No. 20-06
According to the last returned assessment roll, the assessed value of the land is $121,000
Minimum tender amount: $21,600.44 - View Map
Tenders were to be submitted in the prescribed form and were to be accompanied by a deposit of at least 20 percent of the tender amount, made by way of a certified cheque, bank draft, or money order payable to the municipality
Results pertaining to the successful tenderer are as follows
- The successful tenderer submitted a bid of: $170,000
- Bid was submitted with a deposit of: $34,000
- Name of successful tenderer: Grewal, Baljit Singh and Grewal, Sharanjit Kaur
- The legal transfer of lands was completed on July 19, 2022.
This sale was governed by the Municipal Act, 2001 and the Municipal Tax Sales Rules made under that Act. The successful purchaser was required to pay the amount tendered plus accumulated taxes and any taxes that may be applicable, such as a land transfer tax and HST.
For further information, please contact:
Anthony Scaringi
Tax Collections and Appeals Officer
The Corporation of the City of Niagara Falls
4310 Queen Street
P.O. Box 1023
Niagara Falls ON L2E 6X5
(905) 356-7521 Ext. 4302
www.niagarafalls.ca/taxsales
