Do you own property on a major street, avenue or boulevard in Toronto?
Unlock the true value of your property with Toronto Landbank Group.
This property owner was LEFT BEHIND while neighbours profited.
If you own property on a major street or avenue in the City of Toronto, the true value of your property might be MANY times higher than what you perceive.
And here is why…
Walk around downtown and you’ll notice this right away: all the ‘easy’ development sites (like parking lots) are essentially gone. This means that any new condo development is now highly dependent on a process called LAND ASSEMBLY.
Land assembly happens when a large developer purchases multiple small properties like yours, and combines them into one site that’s big enough to accommodate a high-rise condo building.
When you further understand that virtually all of the obvious development sites have already been sold to large developers a long time ago, you start to realize how incredibly important land assembly is to the future of condo development in the city.
And guess what?
Large developers in Toronto have become highly sophisticated at the land assembly process. They typically work behind the scenes, over many years, often using intermediaries in order to avoid attention. They understand that by quietly assembling a few strategic properties, they can instantly increase the value of the land by 200%, 300% or even 500% and beyond.
Did you know ?
The land for One Bedford, one of the city’s most iconic and expensive condo buildings, was an assembly of small commercial properties? The building site was assembled over time by a large developer purchasing small independent properties one by one.
What’s the lesson?
If you are a small property owner on a potential development site, it is absolutely vital to plan ahead and protect your interests. Do not let sophisticated developers with deep pockets take advantage of you. Because a developer’s goal will always be the same: to assemble a site at below market value prices.
Want to see a real-life example?
Check out this recent land assembly by a major Toronto developer. The assembly was made up of seven small commercial properties on an east end downtown street.
Look carefully, these are the actual sold prices …
The owner of Property 1 sold for: $2,170,000
The owner of Property 2 sold for: $2,007,350
The owner of Property 3 sold for: $2,638,126
The owner of Property 4 sold for: $1,850,000
The owner of Property 5 sold for: $2,900,000
The owner of Property 6 sold for: $1,900,000
Can you guess what the Owner of Property 7 sold for? …
$11,165,000
The Lesson is Clear.
Only the owner of Property 7 understood the true value of the assembled site. The other six property owners sold for well below true market value. They will not get a second chance. And this is where working with Toronto Landbank Group comes into play …
What is your next move?
Have us on your side. Toronto Landbank Group is dedicated to providing expert guidance to small commercial property owners like you.
We are a team of highly experienced real estate professionals. We understand how large developers work, and we navigate the steps required to help unlock your property’s true value.
Oliver P. Macko, Principal
Real Estate Broker, Bachelor of Commerce + Specialist in Economics from the U of T
Oliver has 15 years experience as a core Toronto realtor and 20+ years experience as a downtown Toronto commercial property owner and business operator. Oliver has direct first-hand experience with land assembly and the behind-the-scenes strategies and secrets of some of the city’s largest developers.
Angus Dirnbeck, Valuation & Finance Specialist
Bachelor of Commerce & Masters in Economics/Econometrics from the U of T
Angus is our numbers specialist and has a profound understanding of the key data and calculations that go into the accurate valuation of development property. Angus has the finance and statistical expertise required to assign a true value to your core Toronto property.
The Bottom Line: If you own core Toronto property that has potential for redevelopment, you are playing in a high-stakes chess match with millions on the line. And it’s you versus the large developers.
Choose to have strong, experienced representation on your side. Toronto Landbank Group works exclusively for property owners like you. Don’t settle for anything less than what your property is truly worth, and don’t get frozen out of potential profits while your neighbours prosper.
Connect with us today to begin the process of securing full value for your property.
