Property Officer 3

1 month ago

Toronto, Canada City of Toronto Full time

**Job ID**: 50816

**Job Category**:Buildings, Property Operations & Real Estate

**Division & Section**:Corporate Real Estate Management, Real Estate Transaction

**Work Location**:Metro Hall, 55 John Street, Toronto, Ontario

**Job Type & Duration**:Full Time, Temporary (18 months) Vacancies

**Hourly Rate**:$41.33 - $45.26

**Shift Information**: Monday to Friday, 35 hours per week

**Affiliation**: L79 Full-time

**Number of Positions Open**: 2

**Posting Period**: 03-DEC-2024 to 17-DEC-2024

**Major Responsibilities**:

- Locates and appraises property by conducting research in Geowarehouse, Atlus Data Studio, real estate board listings, comparables, etc.
- Inspects properties to be sold or leased to ensure marketability. Photographs, measures, calculates area.
- Negotiates with property owners, solicitors, real estate agents on sale price/rent within predetermined limits. Makes recommendations for approval.
- Prepares reports to Committees and Council regarding real estate issues including sale of City owned properties and the acquisition of lands.
- Coordinates and assists with the preparation of real estate agreements and other legal documents (ie. Offers to lease, notices of sale, etc.) and checks for accuracy.
- Corresponds in writing with City’s Agencies, Boards, Commissions and Divisions respecting various real estate matters concerning City owned properties.
- Corresponds with property owners related to inquiries respecting City owned properties and availability of surplus City owned land and acquisition of new lands needed by the City.
- Provides advice and interpretations of various Acts that relate to City real estate matters.
- Undertakes circulation of potentially surplus properties and prepares properties for disposal.
- Initiates court action i.e. notice to vacate, bad debts, arrears.
- Represents the City at tribunals, arbitration and mediation hearings and Assessment Review Board as required.
- May be requested to attend and give evidence on behalf of the City and assist the Solicitor in the preparation of the case.
- Appraises development lands under Section 42 of the Planning Act one day before the issuance of the first building permit.
- Answers inquiries from solicitors, real estate agents, property owners regarding City owned properties available for sale or lease and provides information on land use, zoning and other by-laws governing the property.
- Assess data on similar sales in determined prices/rates.
- Attends community meetings to assist in the coordination of lease approvals for City-owned properties.

**Key Qualifications**:

- Post-secondary education in Planning, Real Estate, Business and/or Economics with relevant experience in property management and other realty transactions or an equivalent combination of education and/or relevant work experience.
- Experience supporting real estate transactions for land development and site management.
- Experience supporting the appraisal, acquisition, leasing, sale of real estate and/or revenue-generating transactions (i.e. Licenses, partnership agreements, revenue-sharing opportunities, public/private partnerships, etc.)
- Experience in research, data collection and formal report writing as it relates to real estate.

**You must also have**:

- Must possess and be able to maintain a valid Province of Ontario, Class "G" Driver's License, have access to a personal vehicle, and qualify for the City Driver’s permits and requirements.
- Strong communication skills, both orally and in writing, at a professional level with senior management, consultants, staff, elected officials and the public.
- Knowledge of land building values in and around GTA and familiarity with real estate market trends and activities.
- Ability to negotiate and/or articulate a point of view and provide the required back up to support such perspective.
- Proficient with prioritizing competing demands, managing ongoing project files and completing real estate assignments.
- Understanding of financial and accounting concepts, such as Discounted Cash Flow (DCF), Net Present Value (NVP) and Internal Rate of Return (IRR) and ability to build and review financial models.
- Proficient with MS Office, in particular Excel.
- Strong analytical, problem solving and negotiation skills.
- Good knowledge of the Municipal Act, Municipal Code, Zoning and property standards, regulations and by-laws, as it related to municipal real estate.
- Ability to exercise independent judgement and discretion in dealing with confidential matters.
- Ability to travel to various sites and/or work locations within the City of Toronto. Ability to support the Toronto Public Service values to ensure a culture that champions equity, diversity, and respectful workplaces.**NOTE TO INTERNAL FULL-TIME AND PART-TIME CITY OF TORONTO EMPLOYEES**:
**Equity, Diversity and Inclusion**

The City is an equal opportunity employer, dedicated to creating a workplace culture of inclusiveness that reflects the

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