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10 May 2024

Notice Notice of Public Auction

McLennan Ross –  Yellowknife, NT

Job Description

NOTICE OF PUBLIC AUCTION

Pursuant to Section 97.7(2) of the Property Assessment and Taxation Act, R.S.N.W.T. 1988, c. P 10 and amendments thereto, the Municipal Corporation of the City of Yellowknife wishes to advise that the following properties may be offered for public auction if the arrears of property taxes and the current and subsequent expenses incurred by the City to collect the arrears are not paid before June 7, 2024:

Municipal Address Legal Description 2022
Total
Arrears
2024
Assessed
Value
Minimum Auction
Price
Lot Block Plan
4919 51 ST 15 24 65 $1,841.36 $381,290 $190,645
5004 50 AVE 25 24 1850 $59,466.77 $3,385,890 $1,692,945
5018 50 AVE 26 24 1850 $4,760.23 $524,110 $262,055
5016 50 AVE #A 27 24 1850 $27,295.57 $1,291,610 $645,805
5013 51 ST 17 31 65 $1,557.62 $240,680 $120,340
5013 51 ST 18 31 65 $1,583.19 $249,900 $124,950
5120 53 ST 10 41 65 $5,829.66 $1,137,840 $568,920
49 OTTO DR 7 151 894 $671.54 $381,600 $190,800
519 HALL CRT 208 501 4779 $1,797.48 $436,210 $218,105
132
CURRY DR #B
21 503 1578 $12,700.01 $551,280 $275,640
233
WOOLGAR AVE
17 510 1080 $2,867.47 $591,800 $295,900
106
TALTHEILEI DR
6 537 2094 $7,365.09 $749,090 $374,545
442
NORSEMAN DR
UNIT 135   4729 $4,374.91 $151,040 $75,520

Please be advised of the following:

The public auction is set for June 7, 2024, at Council Chambers, City Hall, Yellowknife, NT, at 9:00 a.m.

If before the public auction begins, any person including the assessed owner pays the arrears of property taxes and all reasonable expenses incurred by the City of Yellowknife to collect the arrears with respect to a taxable property, the property will not be offered for auction.

Any person who pays the arrears of property taxes and expenses prior to commencement of the public auction may obtain a lien on the taxable property for the amount paid if that person is not the assessed owner and that person has an interest, estate, encumbrance or claim registered or filed under the Land Titles Act in or against the taxable property or is a transferee of such a person.

The assessed owner of any of the above taxable properties is entitled to redeem that taxable property within 30 days after the date of the public auction by paying the City of Yellowknife the arrears of property taxes and all reasonable expenses incurred by the City of Yellowknife to collect the arrears. Where a taxable property that is sold at the public auction is redeemed by its assessed owner, the sale cannot be completed and all rights and interests of the purchaser in the taxable property cease.

If a taxable property is sold at the public auction, every existing interest, estate, encumbrance or claim in or against the taxable property, will be extinguished, other than:

  • a caveat registered under the Land Titles Act in respect of
    • a restrictive covenant;
    • an easement, including a utility easement;
    • an easement agreement, including a party wall agreement;
  • a restrictive covenant or an easement, including a utility easement;
  • an easement agreement, including a party wall agreement;
  • a reservation or interest to which the property is subject under paragraphs 69(a), (c) and (d) of the Land Titles Act;
  • an interest, estate, encumbrance or claim of His Majesty in Right of Canada;
  • an interest, estate, encumbrance or claim that is prescribed or of a prescribed

McLENNAN ROSS
Barristers and Solicitors
301, 5109-48th Street
Yellowknife, NT X1A 1N5
Phone: (867) 766-7680
Attention: Edward Gullberg

Job Categories: Other. Job Types: Notice. Advertised until: 2024-06-09

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