Delhi Solac available for $475,154
Norfolk County is trying again to find a buyer for a vacant industrial complex in Delhi.
There were no successful bids for the former Delhi Solac property on Waverly Street when Norfolk last listed it in a tax sale in April.
The 3.7-acre property had $418,527 in taxes owing this spring.
The latest sale announced Wednesday says taxes owing have risen to $475,154. This is the county’s minimum bid for the property when the current tax sale closes Nov. 7.
The assessed value of the manufacturing site — which closed several years ago and has sat vacant since – is $1.27 million. Annual taxes are listed as $38,820.
A second property on the block is a modest house at 89 McCall Street in Simcoe. The home has $27,067 in taxes, interest and administrative fees owing. This is the minimum bid Norfolk will accept when the tax sale closes next month.
According to www.Tri-Target.com, the house sits on a lot measuring 0.12 of an acre. The property’s assessed value is $132,250, generating annual taxes in the amount of $1,586.
The third and final parcel is a 6.55-acre property at 1614 Windham Road 19 in La Salette. The property, which has a house on it, has an assessed value of $285,000. Annual taxes total $3,417. Norfolk County is seeking a minimum bid of $31,429.
Information on bidding and other aspects of the tax sale are available by calling 519-426-5870 ext. 1280.
“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 (or) money order payable to the municipality,” the county says in its public notice.
“Except as follows, the municipality makes no representation regarding the title to, existing interests in favour of the Crown, environmental concerns or any other matters relating to the land to be sold.
“Any existing federal or provincial Crown liens or executions will remain on title and may become the responsibility of the potential purchaser. Responsibility for ascertaining these matters rests with the potential purchasers.”
Norfolk County adds that the municipality “has no obligation to provide vacant possession to the successful purchaser.”
Under provincial legislation governing tax sales and case law arising from it, owners of property, mortgage holders and other major stakeholders have till the moment title is changed at the land registry office to redeem their properties and retire their tax obligation.