CORNWALL – A derelict Cornwall house, set on fire twice this year, has sold in a tax sale for over $100,000.
If interest in the property is any indication of how hot the real estate market is, there were 17 bidders for the single-storey concrete block home at 350 Gloucester Street North, just south of Fourth Street East.
The partial lot, which has 38.5 feet of frontage and is just under a tenth of an acre (0.09), is valued by the Municipal Property Assessment Corporation (MPAC) at $112,000.
There was $31,700 owing in back taxes at the time of the sale last month.
The successful bidder was Anpalagan Kumarasamy with a bid of $101,100.
According to the Ontario Municipal Act, Kumarasamy had two weeks to pay the tender, which includes the accumulated taxes, plus any land transfer tax in cash to the city treasurer.
Once the City of Cornwall retains the back taxes and any fees, the balance will go to the Ontario Superior Court, CFO Tracey Bailey told Cornwall Newswatch.
The house, which is boarded up, was part of an estate.
Cornwall Fire Services had to go to the home during two separate weekends in mid-September for fires inside the building.
