Property Officer 1 - Toronto, Canada - City of Toronto

City of Toronto

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

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 bylaw 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.
Coordinates 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 Cityowned 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 reproposed acquisition by City.
Represents the Division's real interests in Citywide planning, negotiation, prioritysetting 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:

Postsecondary 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 Bylaws 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, problemsolving, and negotiating skills.
Strong communication skills, both orally and in writing, at a professional level with seni