Project Profile: Expropriation Appraisal
Compensation arising from the Expropriation of Numerous Properties along Highway #7 for the VIVA Transit improvements
In 2009, gsi was retained by Borden Ladner Gervais LLP on behalf of the Regional Municipality of York to appraise numerous properties along Highway #7 in the Town of Richmond Hill and Town of Markham.
Overall, gsi appraised over 60 properties spanning from Yonge Street to Warden Avenue (also referred to as the "H3" route).
The Region required a partial interest in numerous properties fronting Highway #7 in order to accommodate public transit improvements, which required the widening of Highway #7.
gsi estimated the market value of the Region's "partial takings", permanent and temporary easements, and numerous properties that were required in their entirety (e.g. full buyout). gsi was also responsible for identifying and quantifying the loss in market value resulting from injurious affection to those properties that were subject to a partial taking.
A number of the properties along Highway #7 reflected "high order" development land capable of accommodating significant development density. Other properties included:
Type of Assignment / Service Areas Sourced