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25 2ND ST NW – Residential Tax Sale in Portage la Prairie
Minimum Bid
$4,966
Tax Sale Date
September 14, 2020
12:00 PM EST
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Create Free Account Already Have an Account?Property Description
This residential property is located in Portage la Prairie, Manitoba. The property includes existing structures on site.
Investment Opportunity
This property is available at a minimum tender of $4,966. The listing closes on September 14, 2020.
Property Features
Sale Information
Sale Type: Public Tender
Data Sourced Exclusively From: Portage la Prairie Gazette. Verified by TaxSalesPortal as of December 16, 2025.
This property is being sold as-is, where-is, with all faults. Prospective buyers should conduct their own due diligence. For detailed information about this tax sale property, please contact the Portage la Prairie directly.
Property Details
Status
Inactive
Sale Type
Public Tender
Tax Sale Date
September 14, 2020
Time Left
Ended
Release Date
June 01, 2020
Province
Manitoba
Municipality
Portage la Prairie
Address
25 2ND ST NW
Additional Details Restricted
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Property Type
Residential
Lot Size
5,000 sq ft
Bedrooms
3
Bathrooms
2
Provincial Assessment
Assessment Data Restricted
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including ROI calculations
Current Property Assessment
$245,000
Assessment Year: 2024
Taxable Assessed Value
$220,500
Land Size
12,500 sq ft
Potential ROI
+47%
Below assessed value
Assessment Value (Last 5 Years)
Assessment History Restricted
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and property value trends
| Year | Assessed Value | Change |
|---|---|---|
| 2026 | $185,000 | +3.5% |
| 2025 | $178,700 | +2.8% |
| 2024 | $173,800 | +4.1% |
| 2023 | $167,000 | +1.2% |
| 2022 | $165,000 | -- |
Investment Score
Investment Score Restricted
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Strong Investment
Below market value
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Portage la Prairie
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About Tax Sale Properties in Portage la Prairie, Manitoba
What is a Tax Sale Property?
A tax sale property is real estate being sold by Portage la Prairie in Manitoba due to unpaid property taxes. When property owners fail to pay their municipal taxes for an extended period, the municipality has the legal right to sell the property to recover the tax arrears. These properties are often sold below market value, making them attractive investment opportunities for real estate investors, first-time buyers, and developers.
How Tax Sales Work in Manitoba
In Manitoba, tax sales are conducted through a public tender or auction process administered by municipal governments. Properties are advertised publicly, and interested buyers submit sealed tenders (bids) with their proposed purchase price. The highest bidder who meets or exceeds the minimum tender amount typically wins the property, subject to terms and conditions set by the municipality.
The typical tax sale process includes:
- Public notice period (advertised in newspapers and online)
- Property viewing and due diligence period
- Tender submission with deposit (usually 10-20% of bid)
- Tender opening and winner announcement
- Closing and transfer of title to successful bidder
Key Information About This Property
This tax sale property is located at 25 2ND ST NW in Portage la Prairie, with tax roll number 0186200.000. The minimum tender amount is $4,966, and the tender closes on September 14, 2020.
Important Considerations for Buyers
Before submitting a tender on any tax sale property, potential buyers should:
- Conduct thorough due diligence: Research the property title, zoning, easements, and any encumbrances. Tax sale properties in Portage la Prairie are typically sold "as-is, where-is" with no warranties.
- Inspect the property: Physically visit the site to assess condition, access, and surrounding area. Note that interior access may not be available.
- Review tender terms: Carefully read all tender documents, terms, and conditions set by Portage la Prairie. These are legally binding agreements.
- Arrange financing: Ensure you have financing approved or funds available, as payment is typically required within 30-60 days of winning the tender.
- Consult professionals: Consider engaging a real estate lawyer, surveyor, or property inspector to help with your assessment.
Why Buy Tax Sale Properties?
Tax sale properties offer several advantages for buyers:
- Below-market pricing: Properties often sell for less than their assessed or market value, providing instant equity opportunities.
- Diverse property types: Tax sales in Portage la Prairie include residential homes, vacant land, commercial properties, and mixed-use buildings.
- Investment opportunities: Properties can be held for appreciation, renovated and flipped, or developed for rental income.
- Clear title process: Manitoba municipalities follow established legal processes to clear title and ensure proper transfer of ownership.
- Transparent process: Public tender systems provide fair and open competition for properties.
Resources and Next Steps
To learn more about purchasing tax sale properties, explore these helpful resources:
- How It Works: Complete Guide to Tax Sales
- Browse All Tax Sales in Manitoba
- View More Properties in Portage la Prairie
- Create Free Account to Access Full Property Details
For official information about this tax sale, contact Portage la Prairie directly through their municipal website.
Legal Disclaimer: TaxSalesPortal provides listing information for tax sale properties in Portage la Prairie, Manitoba based on public records and municipal sources. This information is for general reference only and should not be considered legal, financial, or investment advice. All prospective buyers must conduct their own independent due diligence and consult with qualified professionals before making any purchase decisions. TaxSalesPortal is not affiliated with any government entity and makes no warranties or guarantees about property information accuracy or completeness.
Minimum Bid
$4,966