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Hiren Patoliya — Commercial Real EstateHiren PatoliyaREALTOR® | Commercial Real Estate
Land case study — Land — Development Site Selection, GTA
Site Selection · Illustrative

Land — Development Site Selection

A developer evaluating development land needed to compare parcels on official-plan designation, servicing, and entitlement risk before committing.

Asset Class
Land
Region
GTA
Intent
Buy
Archetype
Site Selection

The Challenge

The developer had several candidate parcels but no clear basis for comparing them on entitlement timeline and servicing cost.

Each parcel's official-plan designation, environmental constraints, and approvals path differed, making apples-to-apples comparison difficult.

The deal had to pencil under a realistic hold period that accounted for the entitlement timeline.

The Strategy

Assessed each parcel's official-plan designation, servicing status, environmental constraints, and development potential.

Modeled carry cost, entitlement timeline, and exit value under several scenarios rather than a single optimistic assumption.

Connected the developer with planners and consultants familiar with the municipality's approvals process to de-risk the entitlement path.

The Result

The developer identified the parcel with the best balance of development potential and realistic entitlement timeline.

The pro forma reflected a realistic hold period and carry cost rather than an aggressive timeline.

The entitlement path was de-risked through early engagement with the right planners and consultants.

Key Takeaways

What This Means for Your Deal

  • Compare land parcels on designation, servicing, and entitlement risk — not just price per acre.
  • Model carry cost and entitlement timeline under several scenarios; land runs on multi-year horizons.
  • Engage planners who know the municipality early to de-risk the approvals path.

Illustrative archetype. Details are anonymized composites representing the types of transactions Hiren advises on — not a record of a specific, identifiable closed deal. Actual results depend on market conditions, property specifics, and transaction-specific due diligence.

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