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Challenge

Altus Group Research Valuation and Advisory (RVA) was retained by the City of Toronto on behalf of Metrolinx under a multi-year contract to conduct research and valuations for property acquisition and potential expropriation purposes along Eglinton Avenue in mid-town Toronto. The Province of Ontario, through its wholly owned regional transit agency Metrolinx funded a multi- billion Light Rail Transit project which runs above and below grade from Black Creek Drive in the west to Kennedy Station in Scarborough in the east and comprises a total of 19 kilometers.

Initial work included a land value benchmark study to estimate a range of values for a specific section of the route and various different land use types. Subsequently Altus was engaged to complete land and building valuations for various properties around key station sites. The main challenge involved the very diverse Highest and Best Uses of the lands along a busy urban arterial corridor.

Services provided

Our technology-enabled expert services enable commercial real estate professionals to connect to the market with greater speed, visibility and efficiency.

Results

The research studies and valuations provided the client with accurate, defensible property valuations that enabled the client to commence acquisition in a timely manner.

Services provided

Our technology-enabled expert services enable commercial real estate professionals to connect to the market with greater speed, visibility and efficiency.

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Last updated on August 28th, 2019 at 09:47 am

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