Any property within the Infrastructure Ontario portfolio that is no longer required for the delivery of government programs and services, is classified as surplus and a disposition process is initiated. Selling surplus properties reduces ongoing operating costs and minimizes risks associated with holding properties in the portfolio.
Prior to any sale, IO conducts necessary due diligence on the property. This may include archaeological assessment, duty to consult, heritage property consent and environmental assessments.
The Government of Ontario announced on December 4, 2018 that it is reducing red tape and accelerating sales of surplus government property, making IO’s process more efficient. This will put properties back into productive use, benefiting communities and increasing the potential for local economic development.
The properties identified in the announcement are in varying stages of circulation, due diligence and marketing.
Search the Surplus Properties Sales Program database to learn more about properties currently listed for sale.