Mississauga Property Auction

The Corporation of the City of Mississauga Take Notice that tenders are invited for the purchase of the lands described below and will be received until 3:00 p.m local time on October 30, 2025 at The Corporation of the City of Mississauga, Mississauga Service Counter, Ground Floor, 300 City Centre Drive Mississauga, Ontario, L5B 3C1. The tenders will then be opened in public on the same day at 3:30 p.m. on October 30, 2025 at Hazel McCallion Central Library, Noel Ryan Auditorium, 301 Burnhamthorpe Road West, Mississauga ON L5B 3Y3. 7005 Cordingley Crescent, Mississauga, Ontario, L5N 4Z7 being PIN 13244-0414 (LT), Roll No. 21-05-15-0-081-55503-0000 According to the last returned assessment roll, the assessed value of the land is $501,000.00 Minimum Tender Amount: $62,664.47 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 payable to the municipality (or board). Except as follows, the municipality makes no representation regarding the title to or any other matters relating to the land(s) to be sold. Responsibility for ascertaining these matters rests with the potential purchasers. Pursuant to the Prohibition on the Purchase of Residential Property by Non-Canadians Act, S.C. 2022, c. 10, s. 235 (the “Act”), effective January 1, 2023, it is prohibited for a non-Canadian to purchase, directly or indirectly, any residential property, as those terms are defined in the legislation. Contraventions of the Act are punishable by a fine, and offending purchasers may be ordered to sell the residential property. The municipality assumes no responsibility whatsoever for ensuring tenderers comply with the Act and makes no representations regarding same. Prospective tenderers are solely responsible for ensuring compliance with the Act and are advised to seek legal advice before participating in this sale. Transfers of properties that contain at least one and not more than six single family residences and are transferred to non-residents of Canada or foreign entities, are subject to the Province’s Non-Resident Speculation Tax (NRST). This sale is governed by the Municipal Act, 2001 and the Municipal Tax Sales Rules made under that Act. The successful purchaser will be required to pay the amount tendered plus accumulated taxes and any taxes that may be applicable, such as a land transfer tax and HST. The municipality has no obligation to provide vacant possession to the successful purchaser. A copy of the prescribed form of tender is available on the website of the Government of Ontario Central Forms Repository under the listing for the Ministry of Municipal Affairs. Further information regarding this sale and tender packages are available online at http://www.mississauga.ca/portal/residents/taxsales or you may contact: The Corporation of the City of Mississauga Corporate Services Department Finance Division 11th Floor, 300 City Centre Drive Mississauga Ontario L5B 3C1 Title: Manager, Revenue and Taxation Tel.: 3-1-1 or 905-615-4311 **outside city limits Note: This document need not be registered. (158-P290) municipal act, 2001 sale of land by public tender ontario regulation 181/03 municipal tax sales rules