City Owned Property for Sale – 235 Wellington Street West

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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 # Spaces Offered Per

Year

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 $1,015.15 $84.60 17
  6 $1,218.18 $101.52 16
  7 $1,421.21 $118.43 15
  8 $1,624.24 $135.35 14
  9 $1,827.28 $152.27 13
  10 $2,030.31 $169.19 12

 

Sealed offers with a deposit of $1,000.00 will be accepted until 12:00 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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