The city of Toronto says it is selling off several properties to the public after their owners failed to pay their taxes.
Twenty-two properties will be sold, the city said in a press release to recover unpaid taxes totaling more than $ 21.1 million.
The city said “selling property tax” is usually the last step in collecting overdue, unpaid property taxes.
“After the property has been overdue for property tax for two years or more, a certificate of tax liability is registered against the title of the property,” the city said.
“This allows the property to be put up for sale one year after the registration of the certificate, unless it is paid in full by the owner or another interested person, such as the retained or mortgagee.
Usually, added by the city, these properties have large arrears and the sites may not be occupied because the owners may have died or been relocated and close relatives cannot be found.
“The city is making every reasonable attempt to contact the property owner by mail, telephone, site visits and conversations with neighbors to find and inform the property owner before announcing the property for sale,” the city said.
“If a property owner pays his unpaid taxes before the last day of the tax sale on June 29, he will be able to keep his property.”
Most of the properties are free commercial sites. Several of them are located in the Chinatown of Toronto on Spadina Avenue. One property for sale is residential and is occupied by the Center for Community and Culture in Toronto.
Properties can be purchased by anyone with an offer that meets or exceeds the minimum auction amount. The deadline for bidding for the purchase of these properties is open until June 29.
“The properties are bought” as is “- bidders are advised to seek legal advice before submitting an offer or taking ownership of the property,” the city said on Wednesday.
“New property owners take responsibility for any existing retention rights or other property claims, or any adjustments that may be necessary.
The city said people interested in submitting a property offer could pick up a bidding package at the North York Civic Center’s inquiries and payment desk between Monday and Friday, 8:30 a.m. to 4:00 p.m. at a price of $ 38.57.
Here is a complete list of available:
- 440 Birchmount Rd., $ 954,486.99 – industrial and vacant land
- 2627 Eglinton Ave. E., $ 957,661.58 97 – commercial / residential and boarded
- Manville Rd., $ 2,803,178.30 – industrial and hired
- 99 Toriork Dr., $ 5,757,232.03 – Commercial and Rental
- 222 Spadina Ave., LL, $ 873,337.45 – commercial and free
- 222 Spadina Ave. # 16, $ 2,081,430.51 – Commercial and Free
- 222 Spadina Ave. # 9, $ 35,992.57 – Commercial and Free
- 222 Spadina Ave. # 11, $ 89,858.00 – Commercial and Free
- 222 Spadina Ave. # 19, $ 2,199,319.36 2 – Commercial and Free
- 221 Spadina Ave. # 20–22, $ 1,133,435.47 – commercial and free
- 222 Spadina Ave. # 23–25, $ 2,397,177.40 – Commercial and Free
- 222 Spadina Ave. # 28, $ 66,035.42 – Commercial and Free
- 222 Spadina Ave. # 30, $ 214,381.48 – Commercial and Free
- 222 Spadina Ave. # 31, $ 145,251.95 – Commercial and Free
- 222 Spadina Ave. # 32, $ 194,428.43 – commercial and free
- 222 Spadina Ave. # 33, $ 57,720.14 – commercial and free
- 222 Spadina Ave. # 34, $ 99,092.60 – Commercial and Free
- 222 Spadina Ave. # 35, $ 72,686.57 – commercial and free
- 222 Spadina Ave. # 36, $ 57.506.50 – Commercial and Free
- 222 Spadina Ave. # 215, $ 738,542.95 – commercial and free
- 222 Spadina Ave. # 217, $ 357,182.88 – Residential and occupied by the Toronto Community & Culture Center
- 222 Spadina Ave. # 242, $ 94,142.15 – commercial and free
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