Property Officer 1

2 weeks ago

Toronto, Canada City of Toronto Full time

**Job ID**: 39731

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

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

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

**Job Type & Duration**:Full-time, Temporary (12 Months) Vacancy

**Hourly Rate and Wage Grade**:$50.31- $55.11 Hourly

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

**Affiliation**: L79 Full-time

**Number of Positions Open**: 1

**Posting Period**: 08-Aug-2023 to 22-Aug-2023

**Major Responsibilities**:
Reporting to the Manager of Appraisal Advisory Services, the Property Officer 1 is an experienced valuator and prepares valuations on all types of real property including fee simple, leasehold, leased fee, strata and easement interests for acquisition, disposition, cash-in-lieu, expropriation, litigation and other purposes. Conducts negotiations for licences/leases/sale of surplus property that result in the completion of various real estate transactions.
- Prepares appraisals of real property including leasehold and leased fee, strata and easement interests.
- Conducts economic and feasibility studies including using the Discounted Cash Flow technique (DFC).
- Assesses/evaluates appraisal reports, real estate development feasibility studies and other reports prepared by private consultants.
- Evaluates elements of compensation i.e. good will, value to the owner, in accordance with the provisions of the Expropriation Act and makes recommendations.
- Inspects property to determine location, type of construction, condition, functional design, takes measurements and pictures Obtains information from Departments and outside sources regarding planned use, cost of services, zoning by-law restrictions, costs.
- Negotiates with the general public, agents, solicitors, business/industrial corporations, developers and officials of all levels of government and makes recommendations as to price, terms and conditions etc., for leasehold acquisition by purchase or expropriation or disposal of a wide variety of real property interests.
- Represents Division and provides appraisal and/or consulting input at meetings with community groups, property owners, Councillors, and City staff.
- Represents the City at tribunals, arbitration hearings, mediations and the Ontario Municipal Board as an expert witness. Prepares submissions for and appear as a witness at hearings, mediations and tribunals.
- Co-ordinates and attends meetings with Departments, Boards and Commissions and community groups for the purpose of presenting advice on real estate matters and City policy.
- Prepares appraisal reports and conducts feasibility studies on City-owned properties by researching, analyzing data, projecting future financial potential, to produce a proposal call or recommend a course of action. Prepares similar studies on private properties re-proposed acquisition by City.
- Represents the Division's real interests in City-wide planning, negotiation, priority-setting and decision processes to ensure consistency with Divisional responsibilities, objectives and other contractual requirements.
- Prepares draft reports for Council, Committees, Departments and agencies.
- Maintains records of transactions in progress.
- Identifies real estate issues, market trends and assist in the development of real estate appraisal policy and processes.
- Verifies Agreements of Lease, Purchase and Sale and arranges for and reviews independent appraisals.

**Key Qualifications**:

- Post-secondary education in Planning, Real Estate, Business and/or Economics or the equivalent combination of education and experience.
- Extensive experience with acquisition, expropriation of properties, and conducting real property appraisals.
- Extensive experience in negotiating the rental or sale of commercial, industrial, institutional, residential properties, and vacant land.
- Considerable experience in research, data collection, and formal report writing as it relates to real estate including preparing real estate appraisal reports, documents, etc.
- Experience using various software such as Microsoft Office Suite (i.e. Word, Excel, Outlook, etc.), and property databases such as RealNet, GeoWarehouse, and Toronto Real Estate Board (TREB), etc.

**You must also have**:

- Must possess and be able to maintain a valid Province of Ontario, Class "G" Driver's License and qualify to obtain and maintain a City Driver's Permit.
- Strong knowledge of municipal real estate practices and principles of property valuation.
- Strong knowledge of the Municipal Act, Planning Act, Expropriation Act, and By-laws affecting private and municipal real estate.
- Extensive knowledge of the residential real estate market, land severance process, and basic construction costs. Exceptional customer service and interpersonal skills. Strong analytical, problem-solving, and negotiating skills.
- Strong communication skills, both orally and in writing, at a professional level with seni

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