160 Acres, Ontario, CANADA - This auction is a bid-and-assume. Your bid is for the down payment and then assume the low balance of $64,379.00 @ $659.00/month plus a one time processing fee of $199 and a Buyer's Premium of 15%.

We charge $6 per month collection fee - yearly taxes will be prorated over 12 months. The Collection fee and yearly taxes will show on your payment coupon along with your monthly payment.

Item Profile:

GOV FILE # L-09256
APN: S/2 LT 6 CONCESSION 2 AURORA TWNSHP (3425-ON) *FINANCED*
Parcel Size (Approx): 160 Acres
Location: Ontario, CANADA
Interest Rate: 9.5%
Time Limit To Build: None
Power: Must Call County
Phone: Must Call County
Water: Must Call County
Sewer/Septic: Must Call County
Roads: Must Call County
Taxes: $100.00
Dues: None
Terrain: Flat to Rolling
Zoning: Agricultural, Residential
County Phone: Unknown
Description:

“Chimo” is an Inuit term meaning, “I am friendly”, or “Welcome”. It is also the name of our mascot, the giant Polar Bear who greets our visitors at the entrance of town. As Chimo will tell you, Cochrane has a lot to offer any traveler 12 months of the year!

The Town of Cochrane is located in the heart of the Great Clay Belt of North Eastern Ontario. The town site was laid out in 1908 on the Old Overland Packet Trail to Moosonee. Today by road, Cochrane is 720 kilometers north of the City of Toronto and 725 kilometers east of Thunder Bay.

Incorporated in 1910, the Town was named after the Honorable Frank Cochrane, then Minister of Lands, Forests and Mines. Today the Town has a population of about 5457 and functions as a service Centrex for a wide tributary area. It also provides business services for residents and has a strong base in forest industries, farming and government services. All of these activities give the Town a reasonably stable economic base.

Today, the Town of Cochrane is a modern, progressive community. Its residential nature is quite different from the Town's early beginnings. Fortunately, the early builders had the foresight to survey the streets and avenues in grand proportions. The wide, tree-lined avenues regulate a low-density development pattern that is nevertheless reasonably compact and segregated into particular land use areas.

Cochrane is served by Highway 11, the northern route of the Trans-Canada Highway, and by Ontario Northland Transportation Commission.

A variety of communications services are also available thanks to the partnership between the Cochrane Public Utilities Commission and the Ontario Northland Telecommunication Commission.