Gov. File# L-11187: 27.5 Acres in Ontario, Canada
APN: 5627010060135000000 / 5627-010-06013500-0000
Legal Description: MINING CLAIM P.7369, TWNSHP OF OGDEN, CITY OF TIMMINS
This recreational parcel is situated within the confines of the city of Timmins in a largely undeveloped region. Timmins boasts of having the largest land mass of any other Canadian city, stretching out one thousand, two hundred and forty square miles. Most of the city rests within a three-mile radius with the balance remaining lightly settled South from the city. Naybob Road leads to a vast section of Crown land with lakes, rivers, and creeks of all description. There are also several woods roads in the region, one of which appears to pass through the east half of this property. A trail appears to pass through the northwest corner eventually stopping at Smith Lake, approximately one hundred yards distance. Averaging one thousand, one hundred feet on each of its four sides, this acreage remains level and fully treed. It should draw plenty of game to its shoreline as moose, deer and a variety of small game frequent this region. Many other waterways are also found nearby including Raid Lake, Flynn Lake, Paradis Creek and the Mountjoy River for those in pursuit of a fresh fish dinner. Minerals are reserved. Canada deed transfers can take up to 6-8 months.
Your winning bid is for the down payment on the property and then is subtracted from the price of $24,894 you then make monthly installment payments of $299/month at the interest rate of 8.5% (APR). There is a Buyer’s Premium of 17.5% on only your down payment amount and a low $249 closing cost. There are no prepayment penalties so you can pay the property off at any time which allows you to save on future interest expense.
GPS Coordinates: 48.41605, -81.35392
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Some images are of the general area and not of actual property.
Asset Type: Canada Bid & Assume