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City owned property for sale (235 Wellington Street West)

Monday, January 13, 2020

The City of Sault Ste. Marie proposes to sell the property located at 235 Wellington Street West, Sault Ste. Marie, Ontario, formerly known as the Steelton Centre. 
 
Legal Description:  LT 209-212 BLK 5 PL 402 KORAH EXCEPT PL J6061; SAULT STE. MARIE 
 
(PIN: 31572-0051 (LT))       
 
Approximate Frontage: 227.60 feet          
 
Approximate Depth:  irregular 
 
NOTE: The City will be severing and retaining a daylight triangle at the northwest corner of the subject property. (Further information on this may be obtained from Carl Rumiel in Engineering)
 
The sale of the Subject Property shall include an option to lease up to ten (10) parking spots located at the Parking Lot known municipally as 272 Wellington Street West Parking Lot, owned by the City, at a cost per parking spot as follows:

Cost Per Parking Space Number of Spaces Offered Cost Per Year Cost Per Month Remaining Spaces for Public Use
$203.03 1 $203.03 $16.92 21
  2 $406.06 $33.84 20
  3 $609.09 $50.76 19
  4 $812.12 $67.68 18
  5 $1015.15 $84.60 17
  6 $1218.18 $101.52 16
  7 $1421.21 $118.43 15
  8 $1624.24 $135.35 14
  9 $1827.28 $152.27 13
  10 $2030.31 $169.19 12
 
Sealed offers with a deposit of $1,000.00 will be accepted until noon on January 31, 2020 at the City Clerk’s Office, Level Four, Civic Centre, 99 Foster Drive.  
 
Further details may be obtained from the City Legal Department (705-759-5400).
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Location
99 Foster Drive
Sault Ste. Marie, ON
P6A 5X6