Tribunal awards over $5.9 million in compensation and injurious affection for expropriation of commercial plaza lands.
The claimant sought compensation under the Expropriations Act for the expropriation of a portion of its commercial plaza property by Metrolinx for a grade separation project.
The Tribunal determined that the highest and best use of the property was a standalone mixed-use residential redevelopment, rejecting Metrolinx's argument that an assemblage of adjoining properties was required.
The Tribunal awarded $4,570,000 for the market value of the fee simple taking, declining to apply the 'before and after' valuation method under section 14(3) of the Act.
The Tribunal also awarded $50,000 for a temporary easement and $1,321,061 for injurious affection caused by the grade separation and loss of access.
Interest was awarded at 6% from the date Metrolinx acquired legal possession.
OLTOntario Land TribunalAug 12, 2024