Job Description

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Job ID: 27891
Job Category: Buildings, Property Operations & Real Estate
Division & Section: Corporate Real Estate Management, Real Estate Property Management
Work Location: ST LAWRENCE MARKET STAFF OFFICE, 105 The Esplanade
Job Type & Duration: Full-time, Temporary Vacancy (11 months)
Hourly Rate: $39.92 - $43.71
Shift Information: Tuesday to Saturday, 35 hours per week
Affiliation: L79 Full-time
Number of Positions Open: 1
Posting Period: 17-February-2023 to 6-March-2023

Reporting to the Supervisor, Real Estate, St. Lawrence Market Complex, the Property Officer 3 will appraise, negotiate and report on the completion of realty transactions supporting a portfolio at the St. Lawrence Market.


Inspects St. Lawrence Market properties to be leased and within tenanted spaces to ensure compliance with leases and Market Complex policies, city of Toronto by-laws and applicable regulations, photographs, measures and calculates area.


Negotiates with property owners, solicitors, real estate agents on sale price/rent within predetermined limits. Assesses market data on similar sales in determining prices/rate. Makes recommendations for approval. Answers inquiries from solicitors, real estate agents, property owners regarding City-owned properties available for sale or lease and provides information on land use, zoning and other by-laws governing the property.


Locates and appraises property by conducting research in land registry offices, real estate board listings, comparables, etc.


Prepares reports to Committees and Council regarding real estate issues including sale of City-owned properties and the acquisition of lands.


Prepares draft real estate agreements and other legal documents including tenant and stakeholder letters, notices and infractions, request for quotations, advertisements, offers to lease and notices of sale. Co-ordinates the preparation of real estate documentation, checks for accuracy and maintains tenant files.


Corresponds with CAO\'s office, City\'s Agencies, Boards, Commissions and Divisions and stakeholders, respecting various operational matters concerning the St. Lawrence Market Complex Properties.


Corresponds with property owners related to inquiries respecting City owned properties, Initiates court action i.e. notice to vacate, bad debts, and arrears.


Represents the City at tribunals, arbitration and mediation hearings and Assessment Review Board as required. May be requested to attend and give evidence on behalf of the City and assist the Solicitor in the preparation of the case.


Provides advice and interpretation of various Acts that relate to City real estate matters.


Attends meetings to assist, coordinate and support tenant, stakeholder and community related programs for the complex properties


Prepares financial and statistical data reports to support the Markets leasing and site programs
Communicates with tenants on a regular basis and handles tenant related matters. Provides support for various St Lawrence Market programs such as the St Lawrence Farmers Market, Arts at the Market, Busker Program, Leasing and Site management program


Key Qualifications:
Your application must describe your qualifications as they relate to:

• Post-secondary education in Real Estate, Planning, Business, Economics or a relevant field and/or an equivalent combination of education and experience.

• Considerable experience in property management including handling tenant relationships and site coordination.

• Considerable experience applying financial and accounting concepts to prepare, analysis and develop financial models and reports.

• Experience preparing technical letters, notices, and the development of policy and procedure o support implementation of business processes.

• Experience in negotiating the sale, acquisition, rental or lease of commercial real estate and/or revenue generating transactions including but not limited to licenses, partnership arrangements, revenue sharing opportunities, advertising, Joint Ventures, Public Private Partnerships, etc. or equivalent

You must also have:

• Proficiency using computers and a variety of software packages such as Microsoft Office Suite(i.e. Microsoft Word, Excel, and PowerPoint).
• Working knowledge and understanding of land and real estate development, land use planning and business planning issues, including technical, policy and intergovernmental aspects.
• Thorough knowledge of municipal real estate practices and principles of property valuation.
• Thorough knowledge of the Municipal Act and By-laws affecting municipal real estate.
• Ability to communicate effectively, both orally and in writing, at a professional level with senior management, consultants, staff from across the organization, including elected officials and the public.
• Ability to meet deadlines and manage several ongoing projects.
• Ability to deal tactfully with tenants, community members, consultants, elected and appointed officials, including conflict resolution and negotiation skills.
• Ability to work evenings and weekends as required to support operational requirements.
• May be required to possess and be able to maintain a valid Province of Ontario Class \xe2\x80\x9cG\xe2\x80\x9dDriver\xe2\x80\x99s License and must qualify for the City\xe2\x80\x99s equipment operating permits and requirements.

Note: All City of Toronto employees are required to be fully vaccinated as a condition of hire in accordance with the City\'s Mandatory Vaccination Policy. Candidates will be required to show proof of vaccination during the recruitment process.


NOTE TO INTERNAL FULL-TIME AND PART-TIME CITY OF TORONTO EMPLOYEES:
City of Toronto employees must apply to full-time or part-time employment opportunities posted on the City\'s Internal Job Posting Portal.


Equity, Diversity and Inclusion
The City is an equal opportunity employer, dedicated to creating a workplace culture of inclusiveness that reflects the diverse residents that we serve. Learn more about the City\xe2\x80\x99s commitment to employment equity.


Accommodation
The City of Toronto is committed to creating an accessible and inclusive organization. We are committed to providing barrier-free and accessible employment practices in compliance with the Accessibility for Ontarians with Disabilities Act (AODA). Should you require Code-protected accommodation through any stage of the recruitment process, please make them known when contacted and we will work with you to meet your needs. Disability-related accommodation during the application process is available upon request. Learn more about the City\xe2\x80\x99s Hiring Policies and Accommodation Process.