Posted on October 17, 2009 by Chris Jaglowitz

Condo units on the block in Toronto tax sale

The City of Toronto is selling off a dozen condominium units recently seized for tax arrears.

Units up for grab include:

  • 1 parking unit at MTCC 731 (71 Front St. E.)
  • 7 locker units and 3 parking units at MTCC 713 (188 Spadina Ave.)
  • 2 commercial units at MTCC 1098 (4465 Sheppard Ave. E.)

Particulars of the units and terms and conditions of the sale are set out on the Sale of Land Notice here.   Tenders must be submitted by November 13, 2009.

Get 'em while they're hot, but buyer beware -- Tax sales are fraught with risks, especially for condo units.  Potential purchasers should get help from a condominium law professional in conducting the necessary due diligence prior to submitting a tender. 

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