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Expropriation Law Centre Forum

Welcome to the Expropriation Forum. This is the place for discussion of expropriation related topics.

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Re: Appraising the value of a remnant property with an uncertain future?

Appraisers will compare the remaining land to other land that has recently sold that exhibits the same characteristics you have mentioned. Adjustments are made to the selling prices of the comparables to "adjust" for the subject's size, zoning, location amoungst a variety of other factors in relation to the sales.

Re: Re: Appraising the value of a remnant property with an uncertain future?

It appears that purchasing only a portion of this property would make it uninhabitable due to lack of septic field. Would the expropriating authority not purchase all of the property due to this? It seems to me there was a case where only part of the property was needed but because this portion contained the septic field and the remainder of the property would not support one that the whole property was purchased.

Re: Re: Re: Appraising the value of a remnant property with an uncertain future?

There's a new Offical Community Plan in the works which will quite likely rezone this high traffic area as workplace for development in 5-10 years. Although our remnant property is currently unsuitable for home building, it may well gain value as a place for a big box tilt-up retail outlet because of the very conditions that make it unsuitable for residential. .