Tribunals Ontario
Tribunaux décisionnels Ontario
Assessment Review Board
Commission de révision de l’évaluation foncière
ISSUE DATE: September 12, 2023
Assessed Person(s): Canadian Tire Corporation Limited
Appellant(s): Canadian Tire Corporation Limited
Respondent(s): Municipal Property Assessment Corporation Region 09
Respondent(s): City of Toronto
Property Location(s): 835 and 839 Yonge Street
Municipality(ies): City of Toronto
Roll Number(s): 1904-101-060-00100-0000, 1904-101-060-00101-0000 and 1904-101-060-00251-0000
Appeal Number(s): 3214755, 3296755, 3353940, 3395584, 3442919, 3487775, 3512307, 3269863, 3297695 and 3352131
Taxation Year(s): 2017, 2018, 2019, 2020, 2021, 2022 and 2023
Hearing Event No.: 777778
Legislative Authority: Section 40 of the Assessment Act, R.S.O. 1990, c. A.31
APPEARANCES:
Parties
Counsel
Canadian Tire Limited
Lauren Lackie and Karina Wong
Municipal Property Assessment Corporation
Melissa Van Berkum
City of Toronto
Jared Wehrle
HEARD: In writing further to Interim Decision ID 183247 with submissions received September 8, 2023.
ADJUDICATOR(S): Carly Stringer, Member
DECISION
OVERVIEW
1This decision follows Interim Decision ID 183247 issued by the Assessment Review Board (the “Board”) on August 29, 2023.
2In that Interim Decision, the Board ordered that the assessment of 835 and 839 Yonge Street (the “Subject Property”) be increased to a current value of $106,262,000 for all taxation years under appeal. The Board ordered the City of Toronto, Canadian Tire Limited, and the Municipal Property Assessment Corporation (the “Parties”) to advise it of their positions regarding the allocation of this value as between the roll numbers ascribed to the Subject Property.
3On September 8, 2023, the Board was advised that the Parties agree to an apportionment, which is captured in the Board’s Order below.
ORDER
4Per the agreement between the Parties, the Board orders that the total value of $106,262,000 be apportioned as follows:
a. Roll 1904-101-060-00100-0000 – site area 9,486 SF (0.080127718 portion of lot) = $8,515,000 rounded.
b. Roll 1904-101-060-00251-0000 – site area 108,900 SF (0.919872282 portion of lot) = $97,747,000 rounded.