Surplus Property for Sale

The Township of Terrace Bay, at the April 4 regular meeting of Council declared the following land to be surplus for the intention of selling.

Highlights of Some of the Conditions of Sale:

Buildings, in line with the allowable uses, must be built in a timely manner (within 3 years) in accordance with the requirements outlined in the purchase agreement.
For residential lots, only new home construction is allowable. The Township will not entertain any bid regarding the construction of a garage or other temporary structures.
The successful bidder must pay the bid price no later than 30 days from the date of the agreement of purchase.
If the successful bidder does not construct a building within the time requirements outlined in the purchase agreement, the ownership of the lot reverts back to the Municipality and the bidder only receives back 50% of their purchase price less taxes and interest
The ability to waive the time requirement, and other guidelines outlined in the purchase agreement, is at the sole discretion of the Chief Administrative Officer / Clerk.
The period by which bids can be placed will be from Wednesday November 30, 2011 to Wednesday December 21, 2011 at 4pm EST.
Bids must be submitted with a deposit of 5% of the purchase price to be paid by cash or certified cheque.

Residential Vacant Lots

Lot #	Tax Roll #	Address	Front (m)	Depth (m)	Area (m2)
238	5854000002368000000	22 Terrace Heights	23.33	38.18	890.31
239	5854000002369000000	24 Terrace Heights	19.82	34.73	687.97
240	5854000002370000000	26 Terrace Heights	19.82	34.73	687.97
243	5854000002373000000	3-A Eastgrove Cres.	39.93	20.28	809.37
246	5854000002376000000	Eastgrove Cres.	19.82	34.73	687.97
252	5854000002382000000	Eastgrove Cres.	15.48	44.45	687.97
256	5854000002386000000	Eastgrove Cres.	16.38	71.71	1173.59
282	5854000002412000000	44 Eastgrove Cres.	19.82	34.73	687.97
287	5854000002417000000	2 Eastgrove Crt.	19.82	36.78	728.43
299	5854000002429000000	28 Eastgrove Cres.	19.82	34.73	687.97
302	5854000002432000000	19 Eastgrove Cres.	19.82	36.78	728.43
83	5854000002208000000	Parkway Place	19.82	36.78	728.43
85	5854000002210000000	Parkway Place	19.82	36.78	728.43
86	5854000002211000000	Parkway Place	19.82	36.78	728.43
87	5454000002212000000	Parkway Place	19.82	36.78	728.43

* Please note: there is a reserve bid minimum of $10,000 for each of these properties

For Detailed Information and pictures on the above properties, please click here

To download a copy of the Agreement of Purchase and Sale, please click here

To download a copy of the Expression of Internet, please click here

Commercial Vacant Lots

Lot #	Tax Roll #	Street	Frontage (ft)	Depth (f)	Area (ft²)
1	585400000200701	Simcoe Plaza	32	91	2,912
2	585400000200701	Simcoe Plaza	32	91	2,912
3	585400000200701	Simcoe Plaza	32	91	2,912
4	585400000200701	Simcoe Plaza	32	91	2,912
5	585400000200701	Simcoe Plaza	32	91	2,912
6	585400000200701	Simcoe Plaza	32	91	2,912

* Please note: there is a reserve bid minimum of $10,000 for each of these properties

For Detailed Information and pictures on the above properties, please click here

To download a copy of the Agreement of Purchase and Sale, please click here
To download a copy of the Expression of Internet, please click here

Contact Information

If you have any questions on the above properties, please contact the following:

Mr. Sean Irwin, MSc.Mgt.
Special Projects Co-ordinator
Terrace Bay Community Centre
1 Selkirk Avenue, Terrace Bay, ON P0T 2W0
Office: (807) 825-3315, ext. 231, Toll-Free: 1-800-968-8616, Fax: (807) 825-9576
Email: spc@terracebay.ca LinkedIn profile