Recent Projects

Antec Appraisal Group has extensive railway and corridor experience, conducting valuations of both abandoned and active rail corridors within Ontario.  Corridor valuation involves a valuation method known as “across the fence” (ATF) which examines the value of the adjacent parcel on either side of the corridor to arrive at value estimates for various segments of the rail corridor.

Assignments completed include:

Canadian Pacific Railway

• Niagara Region Corridor extending from Dunnville to Niagara Falls, involving several subsections of track and serving industrial users in the South Niagara Region. This assignment  involved multiple adjacent properties and over 30 miles of track.    
• A large (50± acre) parcel of development land contemplated for the new stadium site to be acquired by the City of Hamilton for the Pan Am Games.
• An abandoned rail corridor, being a portion of the Old Fort Erie Branch owned by Canada Southern Railway.   
• Abandoned rail corridor as portion of the Town Line Spur owned by Trillium Railway Company and CN Railway in St. Catharines.
• CP West Hamilton Rail Corridor consisting of approximately 4 acres travelling through residential/industrial lands in West Hamilton.
• CP Rail Spurs in Haldimand, Wainfleet & Niagara in 2010 (owned by CP Railway) consisting of approximately 743± acres and travelling through open space, agricultural, residential, commercial, golf course and industrial lands in the southern Niagara Peninsula.

 Metrolinx/Canadian National Railway

•  Main CN rail corridors in the GTA being the Oakville Subdivision and the Bala Subdivision being approximately 15 and 13 miles in length and 175± acres and 160± acres, respectively.   The corridor extended between Toronto and Markham, passing through a range of industrial commercial, residential and open space lands.
• CN Rail Corridor being part of the Kingston Subdivision, an active rail corridor at the time but was appraised “as if vacant”, comprising 17± acres travelling through commercial, industrial and open space lands in Whitby and Oshawa, Ontario.
• Oakville Subdivision passing through parts of Oakville and Burlington, Ontario, which was an active rail corridor at the time but was appraises “as if vacant”. It comprised approximately 103.76 acres travelling through commercial, residential industrial and open space lands in Oakville and Burlington.
• Air Rail Link Spurline comprising 14 acres of land owned by Her Majesty the Queen. The proposed rail line is located between Georgetown spur line and Toronto Lester B. Pearson International Airport. The purpose of this assignment was to establish a market rent for the lands which the proposed Air Rail Link will pass through.

Canadian National Railway

• Abandoned rail corridor being the LE & N Spur, the TH & B Spur and Burford Spur in Brantford, Ontario in 2007 (approximately 35.9 acres).
• CN Pelton Spur in Windsor, Ontario which was an active railroad corridor but we appraised “as if vacant”.
• Townline Spur in St. Catharines which was an abandoned rail corridor, comprising approximately 4 acres.  
• The Cayuga Spur (Stamford Subdivision) which was an active corridor. Antec appraised 4 separate sections which comprises a combined total of approximately 446.67± acres.

VIA Rail Canada

• Rail Corridor being part of the Chatham Subdivision located in Windsor, Ontario. The valuation was completed for lands through which the corridor passed.

Region of Waterloo

• CN Rail Corridor being part of the Halton Subdivision between Miles 2.27 and 3.23, in Kitchener, Ontario. The valuation completed “as if vacant”. It comprised an estimate of approximately 11.32± acres

County of Renfrew

• An abandoned CN Rail corridor running from Smiths Falls to Mattawa, Ontario. The property consisted of approximately 2,500 acres and was approximately 190 miles and travelling through commercial, residential, industrial, agricultural and open space lands.