Residential Lots:

 

Property #1

Roll Number: 170

Assessment ID / Alt. #: 505015850-01

Legal Land Description (LLD): Lot 1 Blk 15 Plan ER1478

Civic Address: 1301 Shamrock Avenue

Zoning: Residential

According to the last returned assessment roll, the assessed value of the lands is $5,800.00 and improvements (buildings) $60,200.00 for a total assessed value of $66,000.00.

Other property information: Corner lot, old large garage, house needs repairs.

Tender  Requirements

Bidders are required to review the complete tender documents for important information regarding conditions of sale and responsibilities of the purchaser regarding property condition. Property photos will not be provided.

The tender must include a letter explaining the intended use of the property, as well as any future plans for the property and a timeline to complete the plans. Tenders must be submitted in the prescribed form and must be accompanied by a deposit of at least 20 % (percent) of the tender amount, which deposit shall be made by way of a certified cheque/bank draft/ money order payable to the municipality, and a description of the bidder’s plans for the property ensuring the purpose meets the requirements in the Village’s Zoning Bylaw.

 

Except as follows, the municipality makes no representation regarding the title to or any other matters relating to the lands to be sold. Responsibility for ascertaining these matters rests with the potential purchasers. The assessed value according to the last returned assessment roll may or may not be representative of the current fair market value of the property

This sale is governed by The Tax Enforcement Act.

The successful purchaser will be required to pay the full amount tendered plus accumulated taxes and any taxes or fees that may be applicable, including taxes and all title transfer and legal fees.

The Municipality has no obligation to provide vacant possession to the successful purchaser.

A copy of the prescribed form of tender and the tender documents are available through the Municipal Office.

For further information contact the Village of Lipton.