Sale of Surplus Scarborough Transportation Corridor
Property at 178 Clonmore Drive
(Ward 13 - Scarborough Bluffs)
The Corporate Services Committee recommends the adoption of the following report (November20, 1998) from the
Commissioner of Corporate Services:
Purpose:
To authorize the disposal of the property municipally known as 178 Clonmore Drive.
Funding Sources, Financial Implications and Impact Statement:
Revenue of $154,900.00, less closing costs and the usual adjustments is anticipated.
Recommendations:
It is recommended, subject to Provincial concurrence, that:
(1)the Commissioner of Corporate Services be authorized to accept this offer in the amount of $154,900.00 as detailed
herein;
(2)Council, pursuant to Clause No. 14 of Report No. 27 of the former Metropolitan Management Committee adopted on
September 28, 1994, waive the minimum required deposit of 10 per cent. of the purchase price;
(3)authority be granted to direct a portion of the sale proceeds on closing to fund the outstanding balance of Costing Unit
No. CP300J56042;
(4)the City Solicitor be authorized and directed to take the appropriate action, to complete the transaction on behalf of the
City and he be further authorized to amend the closing date to such earlier or later date as he considers reasonable; and
(5)the appropriate City officials be authorized and directed to take the necessary action to give effect thereto.
Council Reference/Background/History:
The City of Toronto is the owner of 178 Clonmore Drive. By its adoption of Clause No. 1 of Report No. 11 of The
Corporate Administration Committee on May 22, 1996, the former Metropolitan Council declared the property surplus
pursuant to By-law No. 56-95 and authorized its disposal. The procedures with respect to By-law No. 56-95 have been
complied with, a utility canvass has been completed and no requirements have been identified.
Comments and/or Discussion and/or Justification:
Pursuant to the May 22, 1996 authority, the property was listed with Sutton Group Estates (2000) Ltd. On October 29,
1998 at an asking price of $154,900.00 and offered through the Multiple Listing Service of the Toronto Real Estate Board.
The following offers were received:
PurchaserDepositPurchase PriceTerms
Russell Leeming$7,745.00 (draft)$154,900.00non-conditional
Andrea Alison Hillier$6750.00 (draft)$135,000.00non-conditional
The highest offer is recommended for acceptance:
Property Address:178 Clonmore Drive.
Legal Description:Lot 4, Plan 3653, City of Toronto.
Approximate Lot Size:10.44 metres (34.3 feet) fronting onto Clonmore Drive,
106.68 metres (350 feet) depth.
Easement:N/A.
Location:North side of Clonmore Drive, west of Warden Avenue, north of Kingston Road.
Improvements:Detached, 2 bedroom wood bungalow.
Occupancy Status:Vacant.
Recommended Sale Price:$154,900.00.
Deposit:$7,745.00 (bank draft).
Purchaser:Russell Leeming.
Closing Date:March 23, 1999.
Terms:Cash on closing, subject to the usual adjustments.
Listing Broker:Sutton Group Estates (2000) Ltd.
Selling Broker:Sutton Group Estates (2000) Ltd.
Commission:Four (4) per cent, plus G.S.T., payable on closing of the transaction.
Conclusion:
Completion of this transaction detailed above is considered fair and reasonable and reflective of market value.
Contact Name:
Michelle deVey, Valuator-Negotiator, Real Estate Services
Telephone: (416) 392-8160, Fax: (416) 392-4828
E-mail: michelle_devey@metrodesk.metrotor.on.ca.
