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		Standard Appraisal Report							Toronto
		Single Family							RealEstate
		Single Family							Board

CLIENT:							Client Ref No:	.............................................................................
Client: Phone No: (	)	....................................		Fax No: (	)			E-mail:
Client’s Customer:				Appraiser:				Appraiser’s Ref No:
GENERAL APPRAISAL AND PROPERTY INFORMATION
Property Address:
Municipality:
Full Legal Description:
Owner:			Assessment: Total				Taxes $	Year
This Appraisal is to estimate MARKET VALUE for a:				Sale	Financing		Other
Effective Date of Appraisal:						Date of Inspection:
Highest and Best Use is:		Current	Other (*)	............................................................................................................................................
Zoning:			Occupancy:		Homeowner		Tenant	Vacant
SUBJECT & MARKET HISTORY
Subject Last Sold			Subject Currently Listed					Property Values	Demand/Supply

Date:	Yes	No
Sale Price: $	Current List Price $
Days on Market:	Days On Market

Stable

Increasing

Decreasing

In Balance

Under Supply

Over Supply

Typical Exposure Time Required for Properties to Sell in Subject Neighborhood is: ......................................................................................................

Typical Exposure Time Required for Properties to Sell on Subject Street is: ..................................................................................................................

NEIGHBOURHOOD INFORMATION

Type

Rural

Residential

Commercial

Industrial

	Trend	Subject For Area is	Adjoining Homes
Prestige	Improving	Comparable	Comparable
Average	Stable	Superior *	Superior
Starter	Declining	Inferior	Inferior
	Neighbourhood is:	% Developed

Distance to	Age Range of Typical Property in Neighbourhood:		to	................ Years
Elementary School
Secondary School	Age Range of Typical Property on Subject Street:		to	................ Years
Public Transit
Shopping	Price Range of Properties on Subject Street:	$		to $
Downtown
Recreational Facilities	Price Range of Properties in Neighbourhood:	$		to $

Comments: (include any positive or negative factors that will have a measurable impact on the subject’s marketability and value - items with an * should

be discussed) .......................................................................................................................................................................................................

...........................................................................................................................................................................................................................

© 2008, Ontario Real Estate Association (“OREA”). All rights reserved. This form was developed by OREA for the use and reproduction of its members and licensees
only. Any other use or reproduction is prohibited except with prior written consent of OREA. Do not alter when printing or reproducing the standard pre-set portion.	Form 700	2008	Page 1 of 6

SITE INFORMATION
Utilities & Services
Street
Paved	Gravel
Municipal	Private
Sidewalks	Curbs
Street Lighting
Underground Wiring
Aboveground Wiring

Drainage
Open Ditch	Storm Sewer
Sanitary Sewer	Septic Tank
Other

......................................................

Water		Utilities
Municipal	Private Well	Hydro
Cistern	Shared Well	Gas
Other		Telephone
.......................................................		Cable

Site Dimensions: ......................................................................................................

Encroachments:Yes* No

Total Site Area:			Easements:	Yes*	No
Site Shape:
Topography: Lot in relation to street grade:	Even	Above	Below
Parking
Driveway	Garage (Indicate # of cars):

Laneway	None
Private	Paved
Mutual	Gravel
Other

Attached # .......................

Detached # ......................

Built In # ..........................

Carport # .........................

Site Appeal

Excellent

Good

Average

Fair*	Landscaping Includes:
Poor*	.........................................................................................................................................................
	.........................................................................................................................................................

Comments: (include any positive or negative factors that will have a measurable impact on the subject’s marketability and value - items with an * should

INFORMATION ON IMPROVEMENTS (BUILDINGS)
Building Type:			Sq. Ft. (Above Grade)
Detached	High Ranch	1 Storey	Level 1	Level 4
Semi-detached	Apartment	1 1/2 Storey	Level 2	Level 5
Attached Row	Split	2 Storey	Level 3
Other		3 Storey	Total
Actual Age	Years	Effective Age	Years	Total Economic Life		Years
Exterior Finish		Roof Material		Foundation
Brick Veneer	Vinyl Siding	Asphalt Shingle	Wood Shingle	Poured Concrete
Solid Brick	Wood Siding	Cedar Shake	Slate	Concrete Block
Stucco	Solid Stone	Metal	Tar & Gravel	Brick
Alum. Siding	Artificial Stone	Other		Stone
Other				Preserved Wood
				Other
Window Type
Single	Thermal	Wood Frame	Aluminum	Vinyl
Other:
Evidence of UFFI		Yes *	No
Construction Quality		Excellent	Good	Average	Fair
Exterior Condition/Appeal		Excellent	Good	Average	Fair
© 2008, Ontario Real Estate Association (“OREA”). All rights reserved. This form was developed by OREA for the use and reproduction of its members and licensees
only. Any other use or reproduction is prohibited except with prior written consent of OREA. Do not alter when printing or reproducing the standard pre-set portion.					Form 700	2008

Poor*

Page 2 of 6

INFORMATION ON IMPROVEMENTS (INTERIOR)

Rooms

Living

Dining

Kitchen

Family

Beds

Bath

Wash

Rec

Other

Basement

Main

Second

Third

Room Sizes

Large

Medium

Small

Additional Information on Room Sizes (Optional): ....................................................................................................................................................

Kitchen	Bathrooms	Closets/Storage	Basement
Modern	Modern	Excellent	None
Average	Average	Adequate	Full
Outdated	Outdated	Inadequate	Partial

Crawl Space

% Finished ...................................

Floors

Walls/Ceilings

Heating

Fuel

Plumbing

Electrical

Carpet

Hardwood

Vinyl Tile

Ceramic

Other ..................

Drywall

Plaster

Panelling

Tile

Other ..................

Forced Air

Hot Water

Baseboard

Other ..................

...........................

Gas

Oil

Electricity

Other ..................

...........................

Copper

Plastic

Lead

Galvanized

Other ..................

Fuses

Circuit Breakers

Amps ..................

Floor Plan

Excellent

Interior Condition

Good

Average

Fair

Poor*

Excellent

Good

Average

Equipment/Built-Ins/Chattels Remaining With Property:

Fair

Poor*

HWT	Fridge	Central Vac	Wood Stove	Elect Air Cleaner
Central Air	Washer	Humidifier	Hood	Garburator
Heat Pump	Dryer	Security System	Oven	Water Purifier/Filter
Stove	Dishwasher	Dehumidifier	Range	Central Intercom
Fireplace(s)	....................................................................................................................................................................................................
Other:

Equipment/Chattels Leased or Rented

Special Features

Comments: (include any positive or negative factors that will have a measurable impact on the subject’s marketability and value - items with an * should

© 2008, Ontario Real Estate Association (“OREA”). All rights reserved. This form was developed by OREA for the use and reproduction of its members and licensees
only. Any other use or reproduction is prohibited except with prior written consent of OREA. Do not alter when printing or reproducing the standard pre-set portion.	Form 700	2008	Page 3 of 6

COST APPROACH TO VALUE

Land Value .....................................................................................................

$....................................

Improvements	Cost New	Depreciation	Current Value
Building	$	$	$
...................................................	$	$	$
Garage	$	$	$
...................................................	$	$	$
...................................................	$	$	$
...................................................	$	$	$
...................................................	$	$	$

Total Current Value of All Improvements $................................

Indicated Value by the Cost Approach

Value Rounded to

$....................................

DIRECT COMPARISON APPROACH

Competitive Listings

Item

Subject

Listing #1

Listing #2

Listing #3

Address

Distance To Subject

Original List Price

Current List Price

Original List Date

Date Price Last Revised

House Style

Lot Size

Building Size

Age

Condition

Beds

Baths

Listing is:

Inferior/Similar/Superior

Comments:........................................................................................................................................................................................................

© 2008, Ontario Real Estate Association (“OREA”). All rights reserved. This form was developed by OREA for the use and reproduction of its members and licensees
only. Any other use or reproduction is prohibited except with prior written consent of OREA. Do not alter when printing or reproducing the standard pre-set portion.	Form 700	2008	Page 4 of 6

Sales Analysis

Item

Subject

Comparable 1

Comparable 2

Comparable 3

Address

Distance To Subject

Date Sold

Sale Price

Days On Market

Time Adjustment

Time Adjusted Price

Location

Lot Size

House Style

Age of House

Total Sq. Footage

Family Room

Bedrooms

Bathrooms

Basement/% Finished

Rec Room

Garage/Parking

Interior Condition

Exterior Condition

Total Adjustments

Totally Adj. Sale Price

Comments, Reconciliation And Estimate Of Value By The Direct Comparison Approach

Based on the above information and analysis, a value by the Direct Comparison Approach is estimated to be: ($				)
	© 2008, Ontario Real Estate Association (“OREA”). All rights reserved. This form was developed by OREA for the use and reproduction of its members and licensees

	only. Any other use or reproduction is prohibited except with prior written consent of OREA. Do not alter when printing or reproducing the standard pre-set portion.	Form 700	2008	Page 5 of 6
		Form 700	2008	Page 5 of 6

FINAL RECONCILIATION, CERTIFICATION AND FINAL ESTIMATE OF VALUE

Given the nature of the subject property, the level and quality of information, the reliability of the necessary adjustments, and the actions of typical buyers

in the subject neighbourhood, most weight has been given to the value arrived at by the

Approach.

•This valuation and report is subject to the attached assumptions and limiting conditions.

•This valuation and report has been completed in accordance with the Canadian Real Estate Association’s Code of Ethics and Standard of Business Practice, as well as the Code of Ethics of the Real Estate and Business Brokers Act.

•I confirm that I personally inspected the subject property and that I have no current or contemplated interest or bias (positive or negative) towards the subject property.

•Unless otherwise detailed in writing within this report, I can confirm that I have no personal relationship or bias (positive or negative) towards any of the parties using or affected by this valuation and report.

•I can confirm that my being employed and paid to complete this valuation is not conditional on the amount of the valuation or on any specific information being included or excluded in this appraisal report.

Therefore, based on a	day marketing period, a reasonable market value for the subject property as at
................................., 20	is estimated to be:
........................................................................................................................................................	Dollars ($	)

Appraiser’s Signature:	Date of Signature:
Appraiser’s Name:	Company:
Appraiser’s Address:	Phone No:
.............................................................................................................	Fax No:
.............................................................................................................	E-mail:
ATTACHMENTS

Neighbourhood Map

Copies of MLS Listing/Sales

Site/Building Sketch

Photos

Survey

Additional Information/Analysis: ..................................................................................................

Additional Assumptions/Limiting Conditions: ..................................................................................

..................................................................................................................................................

Other: ........................................................................................................................................

..................................................................................................................................................

ASSUMPTIONS AND LIMITING CONDITIONS

1.This report may not be read or used by anyone other than the client without the written authorization of the appraiser. This report should only be used for the property and purpose identified within it. The appraiser accepts no responsibility or liability should the information contained within this report be used by anyone other than the client (or other authorized user) or for any other purpose or property other than that specified within this report.

2.Values are subject to varying and continual changes in market conditions and neighbourhood factors. Accordingly, the value presented in this report can only be relied on as the value estimated as of the effective date of appraisal specified in this report. Should the user of this report wish to know the value of the subject property as of another date, the appraiser will need to complete an update or a new appraisal report.

3.A search on title and ownership has not been performed. A good title with respect to the subject property has been assumed. Therefore, other than what is noted in this report, the appraiser assumes no responsibility for matters legal in nature that may affect the subject property’s title, ownership, marketing or value.

4.Any sketches in this report are included solely for the purpose of assisting the reader in visualizing the property.

5.The appraiser has carried out a visual cosmetic inspection of the subject property only. This inspection and the ensuing appraisal report is not and should not be considered a structural, environmental or mechanical inspection and report. Accordingly, unless stated otherwise in this appraisal report, the appraiser is unaware of any hidden or not apparent structural, environmental or mechanical defects or problems and assumes for the purposes of this report and valuation that there are none. Therefore, should it subsequently become known that there is a structural, mechanical or environmental problem or defect, then the appraiser reserves the right to alter the value given in this appraisal report.

6.This appraisal has been based on the assumption that the subject property is in compliance with the applicable zoning, building codes, by-laws, and environmental regulations. Should this in fact turn out not to be so, the appraiser reserves the right to make any necessary changes to the final estimate of value.

7.This valuation has been based on the assumption that the information collected from industry recognized sources and professionals is in fact correct and can be relied upon for the purpose of this appraisal.

© 2008, Ontario Real Estate Association (“OREA”). All rights reserved. This form was developed by OREA for the use and reproduction of its members and licensees
only. Any other use or reproduction is prohibited except with prior written consent of OREA. Do not alter when printing or reproducing the standard pre-set portion.	Form 700	2008	Page 6 of 6

Question	Answer
Form Name	Standard Appraisal Report Form 700
Form Length	6 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	1 min 30 sec
Other names	what i orea form 700, UFFI, orea form 700, Garburator

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