Comment 91289

By MVH (anonymous) | Posted August 23, 2013 at 11:56:29

The report prepared by Mr. Shipley is an excellent case for evidence supporting Historical designations and their contribution to the value of the property. However, the report does not appear to include Hamilton in the study area. (I don't see it mentioned) and the study is based on residential property values.

The difference is that residential property value tend to be based on the perceived capital appreciation of the asset. Commercial properties are generally constructed with the value of a income stream in mind. I just don't know how applicable this report is when considering adaptive reuse of properties where a commercial endeavour is concerned.

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