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319 Korah Road – Residential Tax Sale in Sault Ste. Marie, ON
Minimum Bid
$51,033
Tax Sale Date
August 19, 2026
12:00 AM EST
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Create Free Account Already Have an Account?Property Description
This residential property is located in Sault Ste. Marie, ON, Ontario. The property includes existing structures on site.
Investment Opportunity
This property is available at a minimum tender of $51,033. The listing closes on August 19, 2026.
Property Features
Sale Information
Sale Type: Public Tender
Data Sourced Exclusively From: Sault Ste. Marie, ON Gazette. Verified by TaxSalesPortal as of July 26, 2026.
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 Sault Ste. Marie, ON directly.
Property Details
Status
Active
Sale Type
Public Tender
Tax Sale Date
August 19, 2026
Time Left
3 weeks, 2 days
Release Date
July 23, 2026
Province
Ontario
Municipality
Sault Ste. Marie, ON
Address
319 Korah Road
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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Create Free Account Already Have an Account?Contact Municipality
Sault Ste. Marie, ON
Learn about Ontario tax sales
Redemption periods, bidding process, and local rules
Due Diligence Resources
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Market Comparison
How this property compares to similar listings
$51,033
Minimum bid
$61,822
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About Tax Sale Properties in Sault Ste. Marie, ON, Ontario
What is a Tax Sale Property?
A tax sale property is real estate being sold by Sault Ste. Marie, ON in Ontario 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 Ontario
In Ontario, 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 319 Korah Road in Sault Ste. Marie, ON, with tax roll number 576105001316100. The minimum tender amount is $51,033, and the tender closes on August 19, 2026.
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 Sault Ste. Marie, ON 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 Sault Ste. Marie, ON. 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 Sault Ste. Marie, ON 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: Ontario 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:
Frequently Asked Questions
How do I buy this tax sale property in Sault Ste. Marie, ON, Ontario?
To buy this tax sale property, submit a sealed tender or bid to Sault Ste. Marie, ON before the closing date, following the terms in the official tender package from Sault Ste. Marie, ON. The minimum tender is $51,033. Always complete your own title search and due diligence first, because tax sale properties are sold as-is, where-is.
What is the minimum tender for this property?
The minimum tender for this property is $51,033. Bids must meet or exceed this amount to be considered by Sault Ste. Marie, ON.
Is there a redemption period after a Ontario tax sale?
Redemption rules vary by province and municipality. In many provinces the owner can pay the arrears and reclaim the property up until the sale is finalized, while in others title transfers to the successful bidder shortly after the sale. Confirm the exact redemption period for this property with Sault Ste. Marie, ON.
Do I get clear title when buying a tax sale property in Ontario?
Municipal tax sales in Ontario follow a legal process intended to transfer title to the successful purchaser, but tax sales can be subject to certain surviving interests such as Crown liens or easements. Review the tender terms and complete a title search before bidding.
Legal Disclaimer: TaxSalesPortal provides listing information for tax sale properties in Sault Ste. Marie, ON, Ontario 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
$51,033