Loading...
211012 Development AGDPage 1 of 3 The Corporation of the Town of Tillsonburg Economic Development Committee October 12, 2021 7:30 a.m. Electronic AGENDA 1.Call to Order 2.Adoption of Agenda Proposed Resolution #1 Moved by: Seconded by: THAT the Agenda as prepared for the Economic Development Committee meeting of October 12, 2021, be adopted. 3.Minutes of the Previous Meeting (Attached) Proposed Resolution #2 Moved by: Seconded by: THAT the minutes of the Economic Development Committee meeting of September 14, 2021, be approved. 4.Disclosures of Pecuniary Interest and the General Nature Thereof 5.General Business and Reports 5.1. Monthly Projects Update (Attached) 5.2. Circulation of Planning items Page 2 of 3 5.3. Ministry letter RE: Site Plan Control Guide (Attached) 5.4. Economic Development Committee Terms of Reference (Attached) 5.5. Committee Attendance 5.6. Economic Development Strategy Update – Comparison to Community Strategic Plan 5.7. Tillsonburg Hydro Inc. Update 5.8. Town Hall Steering Committee Update 5.9. Affordable & Attainable Housing Committee Update 5.10. Boundary Adjustment Committee Update 5.11. Physician Recruitment & Retention Committee Update 6.Community Organization Updates 6.1. Downtown Business Improvement Association (Attached) 6.2. Tillsonburg District Chamber of Commerce 6.3. Tillsonburg District Real Estate Board (Attached) 7.Roundtable 8.Next Meeting Tuesday, November 9, 2021 at 7:30 a.m. 9.Adjournment Proposed Resolution #3 Moved by: Seconded by: THAT the October 12, 2021 Economic Development Committee meeting be adjourned at _____ a.m. Please contact the Staff Liaison listed below to gain access to this electronic meeting: Contact Amelia Jaggard, Deputy Clerk Page 3 of 3 ajaggard@tillsonburg.ca The Corporation of the Town of Tillsonburg Economic Development Committee September 14, 2021 7:30 a.m. Electronic MINUTES Present: Councillor Deb Gilvesy, Andrew Burns, Cedric Tomico, Kirby Heckford, Jesse Goossens, Suzanne Renken, Collette Takacs, Steve Spanjers and Lisa Gilvesy. Absent with Regrets: Mayor Stephen Molnar, Jeff Van Rybroeck and Randy Thornton. Also Present: Kyle Pratt, CAO Cephas Panschow, Development Commissioner Ann Wright, Executive Assistant/ Records & Legislative Coordinator 1. Call to Order The meeting was called to order at 7:33 a.m. Introduction - Tillsonburg & District Real Estate Board Representative (Dane Wilson) 2. Adoption of Agenda Resolution #1 Moved by: Deb Gilvesy Seconded by: Collette Takacs THAT the Agenda as prepared for the Economic Development Committee meeting of September 14, 2021, be adopted. Carried 3. Minutes of the Previous Meeting Resolution #2 Moved by: Kirby Heckford Seconded by: Suzanne Renken THAT the minutes of the Economic Development Committee meetings of July 13 and August 5, 2021, be adopted. Carried 4. Disclosures of Pecuniary Interest and the General Nature Thereof No disclosures of pecuniary interested were declared. 5. General Business and Reports 5.1. Monthly Projects Update An update was provided and a brief discussion regarding Innovation Park. 5.2. Circulation of Planning items: 5.2.1. Application for Zone Change - ZN 7-21-10 (Landmark Homes Inc.) 5.2.2. Applications for Official Plan Amendment, Draft Plan of Subdivision and Zone Change - OP 21-11-7, SB 21-06-7 & ZN 7-21-09 Ambrus) 5.2.3. Applications for Draft Plan of Subdivision and Zone Change - SB 21-07-7 & ZN 7-21-11 (Lindprop) 5.2.4. Application for Zone Change - ZN 7-21-13 (Town of Tillsonburg Non-Profit Housing)- 31 Victoria St No discussion regarding specific applications. There was a general discussion on receiving Planning applications. There was also a general discussion on perceived issues in regard to some of the newer, denser developments within the Town, such as: parking and emergency vehicle access, lot coverage, lack of green space, etc and also the ongoing lack of affordable housing. It was noted that all these issues are to be considered and addressed in the Site Plan process. 5.3. Economic Development Strategy Update- Streamlining & Next The Development Commissioner provided a brief overview of the action items contained in the strategy as compared to the priorities of the Community Strategic Plan. Concerns were expressed around the red tape that developers have to get through these days. It was requested that the summary be updated with a proposed implementation schedule. A general discussion on what the role of the Committee is, why are we here, what is out purpose. It was asked that the Terms of Reference be circulated with the next agenda. 5.4. London Increases Industrial Land Prices - Link to London Free Press Article It was recommended that an RFP be done to get fair pricing, proper uses and a marketing plan and that the request for RFP go out as soon as possible, Council did pass a resolution to get this done. It was suggested a Press Release go out stating that the price is being held as is. The Development Commissioner will get it advertised. 5.5. Truck By-Pass Route Cedric noted that a citizen had been in contact with him to get info on what the process is for the Truck by-law route. It was noted that it is included I the Strategic Plan that was just adopted by Council, and that a report is to come back to Council from Staff. The Council resolution is to be distributed and the CAO to bring back an update when it comes back to Council. 5.6. Tillsonburg Hydro Inc. A general update was provided on Tillsonburg Hydro. The Interim Hydro General Manager is Graig Pettit, however the new Hydro GM, Ravi Baicham is to start on October 12th. Once he has time to settle in Ravi can come provide updates to the Committee. 5.7. Town Hall Task Force The Town Hall Steering Committee is moving forward with the New Town Hall project. Fabrik Architects of Cambridge has been retained to update the Town Hall Space Needs Study. An RFP for a Town Hall Design and IT Modernization Strategy has also been issued and results will come on that soon. 5.8. Physician Recruitment & Retention Committee The Physician Recruitment and Retention Committee met on September 7th and is collecting baseline metrics for the current supply and the needs of the Tillsonburg Community. Two new Doctors have recently been recruited: Dr. Inculet and Dr. Jada, both are General Surgeons. 5.9. Community Strategic Plan CAO Kyle Pratt provided an update on the Strategic Plan, that Council passed on June 28th, 2021. A rollout report was taken to Council last night to help ensure the plan stays active and implemented. An update report will be going to Council in October/November. 5.9.1. Affordable & Attainable Housing Committee This item was added to the agenda so that updates can be provided in the future. 5.9.2. Boundary Adjustment Committee This items was also added to the agenda for future updates. The Boundary Adjustment Committee has now met twice and at this point, are educational meeting to understand the process. 6. Community Organization Updates 6.1. Downtown Business Improvement Association A status report from Downtown Tillsonburg was provided as information. 6.2. Tillsonburg District Chamber of Commerce Suzanne provided an update on behalf of the Tillsonburg Chamber of Commerce. They are busy with preparing for the Awards of Excellence event, COVID rapid tests have been picked up, and the Chamber has taken the lead to apply for some funding and was successful in that application and will share more on that when it is released publicly. 6.3. Tillsonburg District Real Estate Board Reports from the Tillsonburg District Real Estate Boards were provided as information. 7. Roundtable Cephas, Development Commissioner noted that a reports had gone to Council last evening regarding Building Stats for 2021 and we are expecting to exceed out records. Kyle Pratt, CAO noted that attendance at the Committee might be a topic to discuss, specifically absenteeism 8. Next Meeting Tuesday October 12, 2021. 9. Adjournment Resolution #3 Moved by: Collette Takacs Seconded by: Steve Spanjers THAT the September 14, 2021 Economic Development Committee meeting be adjourned at 9:31 a.m. Carried Monthly Project Update – (October 2021) Prepared for the Economic Development Advisory Committee Project Name/Reference Status Downtown Business Development BIA Staff leading recruitment efforts. Town staff to prepare a marketing profile based on data from the retail study to support retail recruitment efforts. Town and BIA preparing applications to the My Main Street program with Town submitting for Community Activator funding and the BIA submitting for Local Business Accelerator funding. Economic Development Strategy Update Proposed streamlining of 31 action items brought forward to at July meeting. Comparison to Community Strategic Plan brought forward at the September 14 meeting. Bring forward again with proposed implementation schedule. Future Industrial Growth Council approved resolution regarding listing the VIP lands. Next steps prepare RFP and release. This is a priority. High Tech Manufacturing Sub- cluster Action Plan Implementation plan and model being updated. Kick-off event being planned with preparation work, including webpage, launch video, etc, continuing. Pandemic Recovery Applications to My Main Street programs being prepared. Post-Secondary Education Enhancements Working on supporting increased engagement between high school and local businesses through enhancements to Career Studies courses. Debriefing re past year held. Seeking speakers for in various occupations (electrician, paramedic, health field, goat farming, real estate, forensic science) Town Hall Project Fabrik Architects final draft of Space Needs Study being reviewed by Committee. Proposals for Space Needs Design and IT Modernization being reviewed with recommendation to committee. Van Norman Innovation Park Servicing contract awarded to Froese Excavating on April 26, with start of construction on May 17 and substantial completion achieved on September 9. Electrical Servicing by THI has been initiated. Wayfinding Signage Update Council awarded contract to Joker FX and provided funding for both Phase 1 (updates to existing signs) and Phase 2 (addition of new signs) to proceed immediately. 2 Simcoe St Staff reviewed this issue with Building Department and with various options being considered. Will bring forward. Discover Tillsonburg Magazine content and ads being finalized. Focus is on “conversion” of new residents to “Community Champions”. 234-2021-4132 September 9, 2021 Dear Head of Council: Our government believes everyone deserves a safe and affordable place to call home. Inadequate supply and high housing costs have made housing unattainable for too many people in Ontario. We want to reduce red tape and streamline development approvals so that we can help to put affordable home ownership in reach of more Ontario families, and provide more people with the opportunity to live closer to where they work. That is why I am pleased to provide you with this Site Plan Control Guide. This guide provides an overview of site plan control and shares best practices from some communities across Ontario which municipalities may consider implementing to make the site plan process more efficient. The Site Plan Control Guide also works to support The Provincial Policy Statement, 2020 and other recent changes to the land use planning system – including changes to the Planning Act through Bill 108, the More Homes, More Choice Act, 2019 and to A Place to Grow: Growth Plan for the Greater Golden Horseshoe. Collectively, these changes support key government priorities of increasing housing supply, supporting job creation and reducing red tape – while continuing to protect Ontarians’ health and safety and the environment, including the Greenbelt. If you have any questions about the Site Plan Control Guide, please email the Ministry at provincialplanning@ontario.ca. Sincerely, Steve Clark Minister c: Chief Administrative Officer Ministry of Municipal Affairs and Housing Office of the Minister 777 Bay Street, 17th Floor Toronto ON M7A 2J3 Tel.: 416 585-7000 Ministère des Affaires municipales et du Logement Bureau du ministre 777, rue Bay, 17e étage Toronto ON M7A 2J3 Tél. : 416 585-7000 Economic Development Advisory Committee Terms of Reference Mandate: To advise on initiatives to attract and retain investment within the community. To provide advice on: • The Economic Development Strategy • The Community Strategic Plan • Annual Departmental Business Plan To support the development of alliances and partnerships to advance the Town’s strategic plan and that assists in the overall growth of the Town. To provide advice regarding existing and new bylaws that relate to/impact development within the community. 1.0 Role of the Economic Development Advisory Committee 1.1 To advise Council on matters related to the development in the Town. 1.2 To advise and inform Council of new development legislation and funding initiatives. 1.3 To develop and maintain working relationships with business owners, the Chamber of Commerce, and the downtown Business Improvement Association. 1.4 To advise Council and assist with the development of education programs and to promote the activities of the Committee. 1.5 To liaise with other like organizations to promote Tillsonburg’s development. 1.6 To advise Council with regard to the Community Strategic Plan. 1.7 To set out clear goals for the committee for the term. 1.8 To liaise with other committees or organizations with overlapping roles and responsibilities. 1.9 To advise Council with regard to the Community Strategic Plan. 2.0 Organization of the Committee The Committee should be composed of people within the Tillsonburg area who demonstrate a strong commitment to the Terms of Reference. A cross section of individuals should attempt to be chosen in order to bring to the committee relevant technical and professional expertise, as well as strong advocacy, communication and organizational skills. 2.1 Vacancies for citizen appointments will be advertised in local newspapers as per the Town’s procedures for Committees of Council. 2.2 Committee members will be appointed by Council. 2.3 The Committee shall have a minimum of 7 members including a representative from the Chamber of Commerce, a representative from the Business Improvement Association and a representative of the Real Estate Board. 2.4 The term of a Committee Member is four years, concurrent with the term of Council. 2.5 Additional members may be appointed throughout the term. 2.6 One member will be appointed by vote of the committee at the first meeting of each term to Chair the meetings for that term. At this time, they will select a vice-chair and secretary for the same duration. 2.7 Municipal staff shall act in an advisory manner to the committee and the role of staff liaison shall be fulfilled by the CAO, Development Commissioner and the Legislative Services Coordinator. 3.0 Meetings 3.1 The Committee will hold a minimum of four meetings a year. 3.2 The date and time of the regular meetings will be established at the first meeting of each term. 3.3 Meetings will have a formal agenda. 3.4 Agendas and information packages (including previous meeting minutes) will be sent electronically to Committee Members prior to each meeting. 3.5 A majority of Council appointed Committee Members will constitute quorum for the transaction of business. 4.0 Role of the Chair The Chair is responsible for ensuring the smooth and effective operation of the Committee and its’ roles. This will include responsibility for: 4.1 Calling the meetings to order. 4.2 Encouraging an informal atmosphere to encourage the exchange of ideas. 4.3 Creating an agenda in consultation with the Secretary. 4.4 Chairing the meetings to ensure business is carried out efficiently and effectively. 4.5 Acting as spokesperson. 4.6 Representing the Committee on other committees when necessary. 4.7 The Chair shall conduct meetings in accordance with the Town’s Procedural By-Law. 4.8 In the absence of the Chair, these responsibilities will be undertaken by the Vice-Chair. 5.0 Role of the Secretary The Secretary is responsible for ensuring a complete up to date record for the Committee. 5.1 In liaison with the Chair, arrange date, time and venue for meetings. 5.2 In liaison with the Chair, set agendas and circulate agendas to the members two business days prior to the meeting. 5.3 Circulate draft minutes to the members. 5.4 Keep a complete up to date record of the committee minutes. 6.0 Role of Members Membership on the Committee is a position of responsibility and requires a strong commitment to the Terms of Reference. Committee members are required to: 6.1 Attend all regularly scheduled meetings. Members shall notify the Chair, Secretary or staff liaison if they are unable to attend a meeting. 6.2 Adhere to the provisions set out in the Policy for Boards and Committees of Council. If a member has an unexplained absence of three or more consecutive meetings then their seat on the Committee shall be declared vacant. 6.3 Review all information supplied to them. 6.4 Prepare information for use in the development of materials for the Committee. 6.5 Promote the role of the Committee and its decisions made. 6.6 Offer input to committee reports to Council. 6.7 Attend training as required to effectively perform their role as a committee member. 6.8 Committee Members are subject to the Municipal Conflict of Interest Act R.S.O. 1990, c. M50 and must disclose any direct or indirect pecuniary interest. The disclosure must be recorded in the minutes of the meeting. 7.0 Role of Municipal Staff The Town of Tillsonburg, by its nature and purpose, affects and is affected by many different Municipal departments. Assistance will be provided on an as required basis from various departments. Municipal staff will be responsible for carrying out the following functions with respect to the Committee: 7.1 Act as an information resource. 7.2 Orientation of Committee members at the first meeting after Council appointment. 7.3 Assist the Committee in its reporting to Council. 7.4 Provide correspondence to the Committee. 7.5 Responsible for maintaining accurate and up-to-date committee records and providing minutes to Council. 8.0 Reports to Council The Committee may advise and make recommendations to Council in accordance with its’ role. Reports may be submitted as follows: 8.1 Verbally by a Council representative. 8.2 Written Report from staff liaison and presented by the Chair or the designated representative to Council. An annual report will also be submitted and presented to Council at the beginning of each new year outlining the Committee’s accomplishments in the previous year. Page 1 of 4 Report from BIA Chair – ED10-01 To: Economic Development Advisory Committee From: Cedric Tomico – DTBIA Chair Date: October 7th, 2021 Subject: DTBIA business update ________________________________________________________________________________ The following status report is provided to the ECDEV Advisory Committee: Financial/budget: - 2021 financial results continue to be on track for a full-year surplus. - The Board of Management approved the 2022 Budget and Business plans which includes a one-time levy to claw-back half of the 2015-2019 tax adjustments. The year-over-year increase per unit member is estimated at 1.9%. This is less than half of the rate of inflation as recorded by StatsCan. The increase is muted due to number of new businesses and corrections that have been made to the assessment file. - The proposed 2022 MOU between the Town of Tillsonburg and the DTBIA requests additional supports to deal with the additional pressures of population growth; increased pedestrian traffic and transients; additional pots/flowers and an inflation adjustment of 2.0%. - The outlook for 2022 is very positive with the plans in the development pipeline coupled with the continued strong housing starts. Operations & Beautification: - The team continues to be proactive with daily maintenance. Many positive, unsolicited comments continue to roll-in to the team. - The fall beautification is underway this week and next; for the transition to the fall theme. - The EMC has sent out the Christmas décor information offering packages to all DTBIA members so that they can decorate their storefronts. Page 2 of 4 - We are also working with Millard’s/Jesse Goosens on additional lighting for the DTBIA area – with discussions that are ongoing. - The street furniture will be removed and stored shortly after Remembrance Day. Membership: - The team is currently assisting 3 members for potential relocation to larger premises while remaining in the downtown core area. - Members continue to provide the team with suggestions which; where possible; we can implement for change and more importantly; a positive impact - Items of note: a. The Starbucks location is under construction with “opening soon” signage posted in the windows. b. The Motor City Wheelz car dealership opened for business the week of September 27th with several now for sale on the lot. Town Centre Mall update: c. No further store development currently. d. Under construction: Bar Burrito & Popeye’s e. The Rotary book sale begins this upcoming weekend and runs for 2 weeks. Façade Improvement Program: - There continues to be slow progress with projects in the pipeline due to geo-political events including problems with supply chain and labour/contractors. - DTBIA has requested a funding increase in 2022 to cover 50% of the cost increases experienced in the construction/development sector. For 2022; each of the DTBIA and Town will contribute $34,000 for a total proposed spend of $68,000 in 2022. - The only FIP costs borne in 2021 to-date have been for design/architectural services. The 2021 surplus will carry forward into 2022 and we forecast next year’s spending at $90,000 once the projects are completed and pass inspection. Ambassadorial support(s): - The BIA leadership team continues to work one-on-one with business owners/tenants/landlords on business issues, challenges and support programs. - To date; thirty-four (34) businesses have asked for various types of assistance. The ED has also provided contact information and alternative funding sources outside of those Page 3 of 4 programs articulated from the government at present. The EMC has been very active in sharing ideas amongst the members. - There continues to be a DTBIA-wide shortage of workers; particularly in the hospitality and service sectors. We continue to work with members on this issue. Business Plan follow-up: - DTBIA continues to research additional best-practices for implementation. - The team continues to participate in weekly OBIAA team calls to learn from other members and regions. - The ED and EMC have continued to adjust the tactics and programs as the year has progressed and we have shared these amongst the membership where relevant. - We are making plans to implement the 2022 budget and business plans once approved by the membership and Town Council. - The team continues to manage all DTBIA affairs in a prudent and cost-effective manner. Advocacy: - Ongoing efforts continue to gather and communicate common issues with the relevant parties for action. - The ED and EMC met the week of October 4th with the Town’s transit co-ordinator on maximizing the T-Go relationship for the benefit of the membership. Work is needed to elevate the importance of transit and how it can be a positive for getting perspective shoppers to the downtown core area. Events & Marketing: - The team is focused on providing maximum value to the membership for promotions. To this end; the EMC has met with the Norfolk & Tillsonburg News on a revised and more cost-effective Christmas Crawl event/program where the production costs and distribution “heavy carrying” will be undertaken by Sun Media. Details to follow. - Short video productions are ongoing with various members throughout the DTBIA. - The iheART STEPS public art project video was shot the week of September 27th which will be publicly available soon. The benches that have been painted have received many positive comments. Deployment of the benches throughout the central core area has been completed with the intent of having people snaking their way throughout the central core area. Page 4 of 4 - The team is currently working with the Tillsonburg Rotary Club on their upcoming book sale at the Town Centre Mall. - The DTBIA will be a sponsor of the TDCC annual Awards of Excellence. - The DTBIA will be a sponsor the T-Go transit Saturday transit service – in discussion are the exact number of Saturdays that this will cover. - The EMC is also working on an advertising strategy/entire bus wrap to promote the DTBIA zone. Summary: There is continued strength and resilience throughout the DTBIA. There will be at least 3 additional businesses opening prior to end of FY 2021. The team has inculcated a strong continuous improvement philosophy in all that we do. We will finish 2021 strong with an eye for an impactful and prosperous 2022. YEAR TO DATE MONTHLY 2021 2020 % Difference 2021 2020 % Difference $ value of Total Units Sold $952,814,571 $567,827,553 67.80%$104,885,440 $114,801,332 -8.64% $ value of Residential Units Sold $801,803,658 $494,300,952 62.21%$93,611,440 $100,307,832 -6.68% $ value of Other Units Sold $151,010,913 $73,526,601 $11,274,000 $14,493,500 Total # of Units Sold 1523 1218 25.04%170 216 -21.30% # of Residential Units Sold 1318 1080 22.04%152 196 -22.45% # of Other Units Sold 205 138 18 20 Total # of New Listings 1952 1675 16.54%210 257 -18.29% Total # of New Residential Listings 1623 1391 16.68%177 217 -18.43% Total # of Other New Listings 329 284 33 40 Total # Currently on Market See Monthly Numbers 224 # of Residential Currently on Market See Monthly Numbers 137 # of Other Listings Currently on Mkt See Monthly Numbers 87 RESIDENTIAL SALES Accum.Accum.Month Reporting Month Reporting BY PRICE CATEGORY 2021 TTL 2020 TTL 2021 2020 AVERAGE RESIDENTIAL SALE PRICE $ - $300,000 38 139 5 8 $300,000 - $499,999 403 600 55 110 $500,000 - $599,999 316 160 33 34 2021 2020 % Difference $600,000 - $699,999 209 95 18 24 MONTH $615,865 $511,775 20.34% $700,000 - $799,999 138 42 14 6 YTD $608,349 $457,686 32.92% $800,000 - $899,999 94 21 6 4 $900,000 - $999,999 44 10 8 5 $1,000,000 - 1,099,999 24 3 4 1 $1,100,000 - 1,199,999 19 6 4 1 Over - $1,200,000 33 4 5 3 Region: Elgin, Oxford, Norfolk for “Tillsonburg District” definition see Region & Municipality below. MLS® ACTIVITY FOR THE MONTH ENDING SEPTEMBER, 2021TILLSONBURG DISTRICT REAL ESTATE BOARD All YTD Totals may not match the month to month cumulative total due to continuous, live updates of data combined with permitted timing of entry. The information only represents MLS® listings sold and reported through ITSO. The information has been drawn from sources deemed to be reliable, but the accuracy and completeness of the information is not guaranteed. In providing this information, the Tillsonburg District Real Estate Board does not assume any responsibility or liability. Municipality: Tillsonburg, Norwich Twp, SW Oxford, Bayham, Charlotteville, Delhi, Houghton, Middleton, N Walsingham, S Walsingham, Port Rowan, Town of Simcoe, Windham Property Client Thumbnail Client Thumbnail 3 ELM St Tillsonburg MLS® #: 40138969 Active / Commercial Sale Price: $3,750,000.00 MLS®#:40138969 Region:Oxford Bldg Area Total:41,000 Municipality Area:Tillsonburg Lot Size Area:4.74 Neighbourhd/SubDist:Tillsonburg Lot Front:402.85 Property Sub Type:Industrial Lot Depth:392.62 Business Type:Tax Amount:$39,435 Waterfront Y/N:No Tax Year:2021 41,000 SF clean industrial building with approx. 2.5 acres of excess land available for sale. Office area consists of ± 6,000 SF. Warehouse area includes 4 – 8’x10’ truck level doors, 3 – drive-in doors (8’ x 8’, 10’ x 10’, 10’ x 12’), 12’ to 20’ (under joists) clear height, column spacing: 21’ x 52’ (12’ clear height area), 37’ x 40’ (20’ clear height area) and 400 amps, 600 volts (3-phase) electrical service. MG (General Industrial) zoning. Client Thumbnail 169 BROADWAY Tillsonburg MLS® #: 40094274 Active / Commercial Sale Price: $915,000.00 MLS®#:40094274 Region:Oxford Bldg Area Total:3,400 Municipality Area:Tillsonburg Lot Size Area:8,557.00 Neighbourhd/SubDist:Tillsonburg Lot Front:50.79 Property Sub Type:Building Only Lot Depth: Business Type:Tax Amount:$12,910 Waterfront Y/N:No Tax Year:2020 OPPORTUNITY! A rare opportunity to own one of the premier buildings in Tillsonburgs' bustling downtown core. Building was previously the Strand Cinema and was demolished and rebuilt by a Tier One Financial institution saving the architectural character of the building which now sits in one of the prime locations in the downtown core. Featuring rare private parking, marquee signboard, new roof and two street facing units (1620 square feet and 1800 square feet)with partial and fully finished basement. One unit is presently tenanted to a long term tenant the other recently underwent extensive renovations for an office user and is presently for lease. Here is your chance to own your own destiny or take advantage of an attractive cap rate on a rare find. Client Thumbnail 21 BROCK St #3 Tillsonburg MLS® #: 40141892 Active / Commercial Lease Price: $950.00/Month Gross Lease MLS®#:40141892 Region:Oxford Bldg Area Total:1,100 Municipality Area:Tillsonburg Lot Size Area:0.00 Neighbourhd/SubDist:Tillsonburg Lot Front:0.00 Property Sub Type:Part of Building Lot Depth: Business Type:Tax Amount:$0 Waterfront Y/N:No Tax Year:2020 Newly Renovated Downtown Location! This 1100 sq.ft. unit is located at the rear end of the building on the lower level, ground level access. Included with rent is onsite parking, one universal bathroom, heat & hydro. Flexible possession date. Surrounded in a high traffic area, this busy retail section includes other established local businesses such as Oldridge Heating & Cooling, Calm the Soul Yoga & Wellness Studio, Boston Pizza and more. Client Thumbnail 239 BROADWAY St Tillsonburg MLS® #: 40139267 Active / Commercial Lease Price: $35.00/Sq Ft Net MLS®#:40139267 Region:Oxford Bldg Area Total:6,955 Municipality Area:Tillsonburg Lot Size Area:0.16 Neighbourhd/SubDist:Tillsonburg Lot Front:67.18 Property Sub Type:Building Only Lot Depth:101.87 Business Type:Tax Amount: Waterfront Y/N:No Tax Year: This build-to-suit opportunity is located in a very high traffic area! Situated on the corner of Broadway St. and Bridge St. - have your new and improved location designed to suit your exacting wants and needs. Site is surrounded by many national chains including, but not limited to: Metro, Pita Pit, Canadian Tire, Medpoint Healthcare, Walmart, Kelsey's Restaurant, LCBO. Site is zoned CC (Central Commercial) which provides for a number of retail and commercial allowances. The landlord is willing to build to a maximum footprint of approx. 6955 sq. ft. on the site - all subject to municipal conformity and town by-law allowances. Client Thumbnail 230 LISGAR Av Tillsonburg MLS® #: 40130698 Active / Commercial Lease Price: $13.00/Sq Ft Net MLS®#:40130698 Region:Oxford Bldg Area Total:1 Municipality Area:Tillsonburg Lot Size Area:1.00 Neighbourhd/SubDist:Tillsonburg Lot Front:0.00 Property Sub Type:Part of Building Lot Depth: Business Type:Tax Amount:$0 Waterfront Y/N:No Tax Year:2020 Totally renovated Lisgar Heights Plaza is filling up fast! Great retail or professional business office in premium location in the hub of Tillsonburg. Sports and main recreation centre is directly across the road and high population density all along Lisgar Ave. Zoning is SC-E which allows retail, office, medical or personal services. Units available 915,1220,and 1700 square feet. Don't hesitate to make this your new professional business address! Client Thumbnail 1444 BELL MILL Sr Tillsonburg MLS® #: 40111073 Active / Commercial Lease Price: $6.50/Sq Ft Net MLS®#:40111073 Region:Oxford Bldg Area Total:40,000 Municipality Area:Tillsonburg Lot Size Area:7.07 Neighbourhd/SubDist:Tillsonburg Lot Front:608.34 Property Sub Type:Industrial Lot Depth: Business Type:Tax Amount:$1 Waterfront Y/N:No Tax Year:2020 Excellent opportunity for large facility on main arterial road (Highway 3) in Tillsonburg Industrial zone. Facility features 40,000 square feet of space with 7 acres of space for outside storage or parking. Approximately 30,000 feet of air conditioned space. Several private offices, large boardroom, staff lunch rooms and washrooms. Large paved parking area at front with rollup door and grade level loading. Rear features two dock level doors and two grade level doors. 14' clear height throughout building. Triple net lease. Client Thumbnail 41 & 45 JOHN POUND Rd Tillsonburg MLS® #: 40110131 Active / Commercial Lease Price: $5.95/Sq Ft Net MLS®#:40110131 Region:Oxford Bldg Area Total:25,000 Municipality Area:Tillsonburg Lot Size Area:12.81 Neighbourhd/SubDist:Tillsonburg Lot Front:335.78 Property Sub Type:Building and Land Lot Depth:1,782.93 Business Type:Tax Amount:$22,670 Waterfront Y/N:No Tax Year:2021 INDUSTRIAL SPACE FOR LEASE! Excellent location with high traffic visibility, easy access to HWY #3 and to HWY #401. Previously a steel fabrication facility (Zoned; General Industrial MG3) this space is equipped with an indoor/outdoor crane, 250' long X 30' wide & twin 16 metric ton lift units and a 2 ton lift unit(14'- 17' under crane & 25' - 28' ceiling heights). There is ample outside storage and parking for 50+ vehicles, serviced by 3 grade level doors and 2 truck level doors(these with new dock locks 2020). Also, new grading, asphalt, concrete work completed in a portion of the parking lot and new 'accessible entrance' done in 2020. Inside be welcomed by a large reception area, plenty of private offices, open space with island for production meeting or manager area, board room, lunch room, parts room, 3 washrooms and janitor room. Client Thumbnail 169 BROADWAY St Tillsonburg MLS® #: 40027662 Active / Commercial Lease Price: $16.00/Sq Ft Net MLS®#:40027662 Region:Oxford Bldg Area Total:1,600 Municipality Area:Tillsonburg Lot Size Area:8,557.00 Neighbourhd/SubDist:Tillsonburg Lot Front:50.79 Property Sub Type:Building Only Lot Depth: Business Type:Tax Amount:$1 Waterfront Y/N:No Tax Year:2020 Excellent High Visibility Downtown Location!! Unit available in one of Tillsonburgs premier locations. Immaculately kept building already fitted out with high end upgrades. Large reception area, three private offices, two bathrooms, lunch room and storage area. Rear entrance leads to parking lot with three exclusive spots for tenant parking! Protected by copyright. All use of MLS® System data is at your own risk. Information is deemed reliable but Information Technology Systems Ontario makes no warranties or representations regarding the MLS® System data. Tillsonburg District Real Estate Board 1 Library Lane, Unit 202 Tillsonburg, ON N4G 4W3 Phone: 519-842-9361 Source: The Canadian Real Estate Association and the Tillsonburg District Real Estate Board MLS® System. REALTOR® is a trademark, which identifies real estate professionals who are members of the Canadian Real Estate Association and, as such, subscribe to a high standard of professional service and to a strict Code of Ethics. TOWN OF TILLSONBURG’S REAL ESTATE MARKET REPORT FOR SEPTEMBER 2021 ** It is important to note that the percentage of difference compared to September 2020 was significantly impacted by the newly implemented restrictions related to COVID-19 and may not accurately reflect a real percentage of change for that time. The number of homes sold through the MLS® System of the Tillsonburg District Real Estate Board totalled 35 units in September 2021. This was a decrease of 12.5% from September 2020. On a year-to-date basis, home sales totaled a record 332 units over the first nine months of the year. This increased by 14.9% from the same period in 2020. The overall MLS® Home Price Index (HPI) composite/single-family benchmark price was $587,300 in September 2021, a substantial gain of 41.1% compared to September 2020. The average price of homes sold in September 2021 was $540,540, increasing by 12.4% from September 2020. The more comprehensive year-to-date average price was $568,038, rising 30.4% from the first nine months of 2020. The number of new listings saw an increase of 11.4% from September 2020. There were 39 new residential listings in September 2021. Active residential listings numbered 23 units on the market at the end of September down by 34.3% from the end of September 2020. Months of inventory numbered 0.6 at the end of September 2021, down from the 1.7 months recorded at the end of September 2020. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity. CONTACT: TDREB PRESIDENT David Bennett davidb@royallepage.ca 519-842-8418 TDREB GR CHAIR Dane Willson dane@danewillson.ca 519-842-8418 TDREB EXECUTIVE OFFICER Linda Van Hooren tburgreb@bellnet.ca 519-842-9361 Source: The Canadian Real Estate Association & the Tillsonburg District Real Estate Board MLS® System. The trademark MLS®, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. TOWN OF TILLSONBURG Year to Date Housing Market Update for September 2021* *Based on residential data from the Tillsonburg District Real Estate Board MLS® System. All percentage changes are year over year comparisons. Home Sales up 14.9% Home Sales numbered 332 units September 2021 YTD, up 14.9% compared to the 289 units sold September 2020 YTD. Inventory down 64.7% **September 2021 YTD had 0.6 months of inventory, down from 1.7 months at the end of September 2020. New listings up 15.8% There were 373 new listings September 2021 YTD, up 15.8% compared to 322 new listings September 2020 YTD. Benchmark price up 41.1% The benchmark price was $587,300 September 2021 YTD, up 41.1% from $416,300 September 2020 YTD. **The year-to-date months of inventory figure is calculated as average active listings from January to current month/average sales from Jan uary to current month.