230711 Economic Development Advisory Committee AgendaThe Corporation of the Town of Tillsonburg
Economic Development Advisory Committee Meeting
AGENDA
Tuesday, July 11, 2023
7:30 AM
Council Chambers
200 Broadway, 2nd Floor
1.Call to Order
2.Adoption of Agenda
Proposed Resolution #1
Moved By: ________________
Seconded By: ________________
THAT the Agenda as prepared for the Economic Development Advisory Committee meeting
of Tuesday, July 11, 2023, be adopted.
3. Disclosures of Pecuniary Interest and the General Nature Thereof
4.Adoption of Minutes of Previous Meeting
Proposed Resolution #2
Moved By: ________________
Seconded By: ________________
THAT the minutes of the Economic Development Advisory Committee of June 13, 2023, be
approved.
5.General Business and Reports
5.1 Monthly Activity Update
5.2 Vacancy Rebate Program
Presented by: Sheena Pawliwec, Director of Finance/Treasurer & Ted Lyons,
Revenue Manager
5.3 Ground Lease Update
6.Planning Items Circulation
7.Community Strategic Plan
7.1 Town Hall Update
7.2 Affordable and Attainable Housing Committee
7.3 Health Care Committee
8.Boundary Adjustment Committee
9.Community Organization Updates
9.1 Downtown Business Improvement Association
9.1.1 Report from BIA Chair
9.2 Tillsonburg District Chamber of Commerce
9.3 Woodstock, Ingersoll, Tillsonburg and Area Association of Realtors
9.3.1 Monthly Statistics
10.Round Table
11.Next Meeting
12.Adjournment
Moved By: ________________
Seconded By: ________________
THAT the Economic Development Advisory Committee meeting of Tuesday, July 11, 2023
be adjourned at ______ a.m.
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The Corporation of the Town of Tillsonburg
Economic Development Advisory Committee Meeting
MINUTES
Tuesday, June 13, 2023
7:30 AM
Council Chambers
200 Broadway, 2nd Floor
ATTENDANCE: Suzanne Renken
Dane Willson
Cedric Tomico
Councillor Bob Parsons
Deb Gilvesy, Mayor
Lisa Gilvesy
Randy Thornton
Gurvir Hans
Randi-Lee Bain
Steve Spanjers
Jesse Goossens
Regrets: Andrew Burns
Kirby Heckford
Staff: Cephas Panschow, Development Commissioner
Laura Pickersgill, Executive Assistant
Regrets: Kyle Pratt, Chief Administrative Officer
1. Call to Order
The meeting was called to order at 7:33 a.m.
2. Adoption of Agenda
Resolution # 1
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2
Moved By: Councillor Parsons
Seconded By: Cedric Tomico
THAT the Agenda as prepared for the Economic Development Advisory
Committee meeting of Tuesday, June 13, 2023, be adopted, as amended.
Carried
3. Disclosures of Pecuniary Interest and the General Nature Thereof
No disclosures of pecuniary interest were declared.
4. Adoption of Minutes of Previous Meeting
Resolution # 2
Moved By: Councillor Parsons
Seconded By: Randy Thornton
THAT the minutes of the Economic Development Advisory Committee of May 9,
2023, be approved.
Carried
5. General Business and Reports
5.1 Bill 97 Update and 25 Year Growth Forecast (7:30 a.m.)
Gord Hough, Director of Community Planning, Oxford County, provided an
overview of the Bill 97 updates and twenty-five year growth forecast.
Opportunity was provided for members to ask questions.
5.2 Monthly Activity Update
This item was not discussed.
5.3 Community Video Project- Release Plan
This item was not discussed.
6. Planning Items Circulation
7. Community Strategic Plan
These items were not discussed.
7.1 Town Hall Update
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7.2 Affordable and Attainable Housing Committee
7.3 Boundary Adjustment Committee
7.4 Health Care Committee
8. Closed Session
Resolution # 3
Moved By: Randy Thornton
Seconded By: Gurvir Hans
THAT the Economic Development Advisory Committee move into Closed
Session at 8:04 a.m. to consider:
Section 239.2 (b) personal matters about an identifiable individual, including
municipal or local board employees (Awards of Excellence Nominations);
Section 239.2 (c) a proposed or pending acquisition or disposition of land by the
municipality or local board (Boundary Adjustment);
Section 239.2 (h) information explicitly supplied in confidence to the municipality
or local board by Canada, a province or territory or a Crown agency of any of
them (TDMH Presentation); and
Section 239.2 (k) a position, plan, procedure, criteria or instruction to be applied
to any negotiations carried on or to be carried on by or on behalf of the
municipality or local board (Awards of Excellence).
Carried
9. Community Organization Updates
These items were not discussed.
9.1 Downtown Business Improvement Association
9.1.1 Report from BIA Chair
9.2 Tillsonburg District Chamber of Commerce
9.3 Woodstock, Ingersoll, Tillsonburg and Area Association of Realtors
9.3.1 Monthly Statistics
10. Information Items
10.1 Oxford County Water-Wastewater Master Plan Consultation Centre
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11. Notice of Motion
11.1 Cellular Coverage
The topic of cellular coverage in the Town to be discussed further at the
next meeting.
12. Round Table
13. Next Meeting
July 11, 2023 7:30 a.m.
14. Adjournment
Resolution # 4
Moved By: Dane Willson
Seconded By: Steve Spanjers
THAT the Economic Development Advisory Committee meeting of Tuesday,
June 13, 2023 be adjourned at 9:27 a.m.
Carried
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Monthly Activity Update – (July 2023)
Prepared for the Economic Development Advisory Committee
Project Name/Reference Status
Future Industrial Growth Project Management Contract with Colliers
Project Leaders (CPL) kicked-off May 23
RFP for Engineering Consulting Design
Services finalized
RFQ for Environmental Impact Assessment
sent out
Gant Chart to completion of servicing has
been provided
o Critical Path items being identified
and incorporated into schedule
Interest remains strong
Lead Generation Tracking Currently transitioning to a new Customer
Relationship Management software so data
availability is temporarily on hold.
Post-Secondary Education Enhancements Project to raise awareness of all the local options
for employment for high school/older youth who
who may be considering returning underway with
MSC.
Project report completed and ongoing work and
initiative planning has transitioned to an MSC
internal “Level-up Local” Committee. Level Up
Local video marketing campaign featuring local
success stories to be launched in the summer
with ramp-up in fall.
Town Hall Project Both Phase 1 ESA investigations have been
received and are being provided to Council
Van Norman Innovation Park Lot 7 comprising of 2 acres has been listed by
Avison Young (www.realtor.ca/real-
estate/25682274/1001-progress-drive-tillsonburg)
through a competitive Expression of Interest
process:
Three offers received and have been
evaluated based on price, target size of
building, target sector/job creation and
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proposed start of construction with a report
being provided to Council for consideration
Job Market Pulse
Tillsonburg Jobs Data -
https://datastudio.google.com/reporting/1c53041d-
4d1b-4e6c-a8b1-5587d32994de/page/ng76?s=n-
qA4oUGKeo
Oxford Jobs Data -
https://datastudio.google.com/reporting/1c53041d-
4d1b-4e6c-a8b1-
5587d32994de/page/ng76?s=ux-mzlBHCEk
Per Workforce Planning Board for Elgin,
Middlesex & Oxford data, the following is a
summary of the jobs available in Tillsonburg and
Oxford for June 2023:
422 total jobs across 171 companies posted with
261 new jobs last month (June) versus 431 total
jobs across 179 companies posted with 245 new
jobs in April
2,040 total jobs across 791 companies posted
with 1,129 new jobs last month (June) versus
2,272 total jobs across 891 companies posted
with 1,158 new jobs in April
Note: Oxford County has approximately 66,000
jobs so the County’s June job vacancy rate is
estimated at 3.1% (versus 3.4% in April)
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Vacant
Unit
Rebate
Program
EDAC –July 11,2023
Sheena Pawliwec,
Director of Finance /Treasurer
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Discussion
•On February 9, 2023, Oxford County held it’s Area Municipal Finance Group meeting.
•Oxford County’s property tax consultants, MTE, were in attendance to discuss the
Vacant Unit Rebate Program.
•MTE advised the group that the majority of Ontario municipalities had now opted out
of this program, as the Ontario government amended legislation in 2017 to allow
municipalities this option.
•MTE confirmed the decision to opt out of the program is a lower-tier decision, not a
County decision. An opt out would require a By-Law to be passed by Council.
2
Vacant Unit Rebate Program
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Tillsonburg’s Vacant Unit Rebate Program
3
•Section 364 of the Municipal Act, S.O. 2001, as amended sets out the
parameters for which property tax rebates can be provided for eligible
vacant properties in the commercial and industrial tax classes.
•Currently, eligible commercial and industrial properties in the Town of
Tillsonburg can receive a 30% property tax rebate if their property was
vacant for at least 90 days.
•Property owners need to make application to receive this rebate and they
need to meet certain eligibility requirements.
•Properties can only qualify for the Vacant Unit Rebate for a maximum of
5 years. Once a property has received 5 cumulative (not consecutive)
years of rebates, it is no longer eligible for future rebates.
Vacant Unit Rebate Program
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The Rise and Fall of the
Vacant Unit Rebate Program
•The Ontario property tax system has undergone major changes in the last three decades.
•Prior to assessment reform in 1998, commercial and industrial businesses that were occupied were required to
pay a separate tax levy called the “Business Occupancy Tax”. This tax was levied against the business itself, not
the property owner.
•In 1998, Ontario switched to a “Current Value Assessment” (CVA) property tax system. Under the new system,
property owners are taxed based on the assessment value of their property as determined by the Municipal
Property Assessment Corporation (MPAC).
•The transition to this new property tax system put the responsibility to pay the Business Occupancy Tax onto the
property owner and effectively transitioned the Business Occupancy Tax onto all commercial and industrial
properties, regardless of their occupancy status.
•In 2001, the Province implemented the Vacant Unit Rebate Program to recognize the hardship this change had
put on vacant commercial and industrial property owners. The program at that time was mandatory and there
were no limitations on how long a property owner could seek relief.
4
Vacant Unit Rebate Program
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Evolution of Commercial & Industrial
Assessments in Ontario
•When Ontario transitioned to the CVA system, it was the practice of MPAC to determine the assessed value of a
property based on it’s highest and best use. Assessment values were based on market value with no
consideration given to the occupancy of a building.
•Property owners began to actively manage their assessments and it became common practice for property
owners to file appeals. Large consulting firms began to emerge and it became common practice for major
industries to hire consultants to manage their assessments.
•Through a number of successful appeals, property owners and consultants were able to gradually change the
valuation practices in Ontario, successfully arguing property values should not be based on the principle of 100%
occupancy.
•Assessment values of commercial and industrial properties gradually decreased to reflect occupancy levels and as
a result the vacancy rebate program came under fire.
•In 2015, municipalities began to petition the Ministry of Finance to review the Vacant Unit Rebate Program and in
2017 the Ministry of Finance gave municipalities the flexibility to opt out of this program.
5
Vacant Unit Rebate Program
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Opting Out
•By 2020, approximately 80% of Ontario municipalities had chosen to opt out of
the program. Some notable opt outs include:
6
Vacant Unit Rebate Program
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Alternative Tax Supports for Businesses
When a municipality opts out of the Vacant Unit Rebate Program, it still has tools available to
target property tax relief to businesses in transition.
Section 357 (1)(g) –Repairs or renovations preventing normal use for at least 90 days
•This rebate program mirrors the Vacant Unit Rebate Program, but has a key difference. The
property has to be undergoing improvements to qualify for the rebate.
•The municipality has flexibility to customize this program to suit it’s needs and many
municipalities have chosen to use this program as an alternative to the Vacant Unit Rebate
Program by keeping the rebate amount at 30% and only offering it to commercial and
industrial property owners.
•357 (1)(g) focuses on incentivizing repurposing and redevelopment of commercial and
industrial properties, rather than rebating buildings that are sitting empty.
7
Vacant Unit Rebate Program
Page 15 of 24
Alternative Tax Supports for Businesses
8
Community Improvement Plan (CIP)
•The Community Improvement Plan is another tool available to municipalities to
encourage revitalization.
•This program allows Council to execute an agreement with a property owner to
encourage building or expanding on an existing footprint. The agreements provide for
incremental tax rebates on the new assessment attributed to the improvements.
•The Town of Tillsonburg has used this tool in many instances and has had great success
with promoting business growth and job creation through those agreements.
•The Community Improvement Plan and 357 (1)(g), share the common goal of
revitalization. These tax policy tools are progressive and fall in line with Community
Growth section of the Community Strategic Plan -“Continue to offer relevant, leading
incentives for revitalization and diversification in the downtown and throughout Tillsonburg.
Vacant Unit Rebate Program
Page 16 of 24
Taxing Vacant Properties
9
•The Ontario real estate market has gone through a tremendous amount of change
over the past decade.
•With investors entering smaller real estate markets across Ontario, there is now a
risk of real estate investors purchasing commercial and industrial properties and
sitting on those properties as an investment.
•The question then becomes -Is it appropriate for the municipality to offer a
Vacant Unit Rebate Program to a commercial or industrial property owner that
has no vested interest in having their property occupied?
•Many larger urban centers across Canada are beginning to look at the
implementation of a vacancy tax on vacant properties to combat the issue of
investment properties sitting empty and the impact that has on availability and
affordability in the real estate market.
Vacant Unit Rebate Program
Page 17 of 24
Staff Report to Council
•Staff will be taking a report to Council to recommend bringing forward the necessary By-
Law to provide for the elimination of the Vacant Unit Rebate Program.
•In addition to this recommendation, staff will provide for Council’s consideration, a draft
policy to outline parameters and eligibility for rebates issued under Section 357 (1)(g) as
described.
•Staff recognize the perception of “taking away” a property tax rebate program could be
viewed unfavorably with some members of the business community.
•It is anticipated the business community as a whole will view this favorably once they
have all the facts, including the other property tax policy tools available that focus on
offering incentives for revitalization and diversification, instead of rebating buildings
sitting empty.
10
Vacant Unit Rebate Program
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Input from EDAC
Staff would like to take this opportunity to seek input from the Committee prior to
the staff report to Council anticipated for the August 14th meeting.
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Vacant Unit Rebate Program
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BIA ECDEV/TDCC REPORT
EXECUTIVE SUMMARY
June 2023
1) Finances: well controlled with no areas of concern.
2) TurtleFest was a very successful event: operationally + financially.
3) The full complement of summer staffing is in place with robust maintenance +
rehabilitation processes underway.
4) Successful with OMAFRA’s Rural Economic Development program – $40,638.
5) Successful with Community Futures Oxford – Legacy Fund application - $2,500.
6) Planning for the 2023 Annual Operating Plan is well underway with presentation
to the DTBIA Board of Management at the September meeting.
7) DTBIA is presenting “best-practices” for small BIA/BID/BIZ’s at the International
Downtown Association (IDA) annual conference in Chicago, IL – October 4-7th.
8) New LED winter lights have been ordered. Phase 1 installation will see all
Broadway & Oxford Streets to receive the new snow crystals on the poles to be
followed by Phase 2 in 2024 fiscal year + as funding permits.
9) The team attended the Community Futures Oxford AGM on June 28th.
10) Additional non-levy funding applications are in the queue.
11) The debrief + next steps for TurtleFest 2024 will be undertaken shortly.
12) Planning and implementation of the Harvey Street beautifications project
is in the planning stages for completion by end of year 2023.
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65-6 Springank Ave. North, Woodstock, ON N4S 8V8
P: 519-539-3616
E: nicole@WITAAR.ca
W: www.WITAAR.ca
WOODSTOCK INGERSOLL TILLSONBURG & AREA ASSOCIATION OF REALTORS®
MLS® ACTIVITY FOR THE TOWN OF TILLSONBURG
MONTH ENDING JUNE 2023
YEAR TO DATE MONTHLY
2023 2022 % Difference 2023 2022 % Difference
$ value of Total Units Sold $127,946,398 $142,689,004 -10.3% $11,988,770 $26,624,699 -54.9%
$ value of Residential Units Sold $118,166,398 $117,461,628 0.6% $11,473,770 $17,410,880 -34.1%
$ value of Other Units Sold $9,780,000 $25,227,376 -61.2% $515,000 $9,213,819 -94.4%
Total # of Units Sold 202 183 10.3% 21 30 -30%
# of Residential Units Sold 191 173 10.4% 20 28 -28.6%
# of Other Units Sold 11 10 9.1% 1 2 -50%
Total # of New Listings 320 317 0.1% 48 75 -36%
Total # of New Residential Listings 293 282 3.9% 47 73 -35.6%
Total # of Other New Listings 27 35 -22.8% 1 2 -50%
Total # Currently on Market ***see monthly numbers 92 85 8.2%
# of Residential Currently on Market ***see monthly numbers 75 76 -1.3%
# of Other Listings Currently on Market ***see monthly numbers 17 9 88.8%
RESIDENTIAL SALES BY
PRICE CATEGORY
Accum. Accum. Month Reporting Month Reporting
2023 YTD 2022 YTD 2023 2022
$ - $299,999 3 1 1 0
$300,000 - $499,999 35 22 5 3
$500,000 - $599,999 73 35 5 11
$600,000 - $699,999 42 29 3 7
$700,000 - $799,999 36 42 5 1
$800,000 - $899,999 13 25 1 1
$900,000 - $999,999 6 16 0 1
$1,000,000 - $1,099,999 2 2 0 1
$1,100,000 - $1,199,999 1 0 0 0
$1,200,000 or Greater 0 0 0 0
Region: Oxford
Municipality: Tillsonburg
All YTD Totals may not match the month to month cumulative due to continuous, live updates of data combined with permitted timing of entry.
The information only represents MLS® listings sold and reported through the ITSO MLS® system. The information has been drawn from sources deemed reliable, but the accuracy and completeness of the
information is not guaranteed. In providing this information, the Woodstock Ingersoll Tillsonburg & Area Association of REALTORS® does not assume any responsibility or liability.
Average Residential Sale Price
2023 2022 %DIFF
MONTH $573,689 $622,222 -7.8%
YTD $618,672 $679,113 -8.9%
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Member Thumbnail 127 BROADWAY St Tillsonburg MLS® #: 40412502
Active / Commercial Sale Confidential for REALTORS® Only Price: $819,000.00
MLS®#:40412502 DOM/CDOM 65/65Region:Oxford Bldg Area Total:9,506Municipality Area:Tillsonburg Lot Size Area:4,561.00
Neighbourhd/SubDist:Tillsonburg Lot Front:27.23Property Sub Type:Building and Land Lot Depth:167.50
Business Type:Tax Amount:$8,232Waterfront Y/N:No Tax Year:2022
Listing Date:05/01/2023
Commercial investment opportunity. Retail/office property located in the prime core area of downtown Tillsonburg, next
to RBC Bank. Spacious display area with a combined total of approximately 6889 sqft located on main floor and lowerlevel. New heating and A/C in 2021, main roof installed in 2016 and second floor roof installed in 2013. This wellmaintained property features spacious open unencumbered display/office area. Second floor has administration and
clerical area. Ample street level and municipal parking nearby. Building is currently occupied by retail men's and ladiesstore in front as well as a small beauty parlor in back. Building, freight delivery and beauty parlor have rear entry access
at alley.
L/Brokerage:Re/Max Tri-county Realty Inc Brokerage
L/Salesperson:Sherry SandersL/Brokerage 2:
L/Salesperson 2:Seller:942129 Ontario Limited
Member Thumbnail 128 BROADWAY St Tillsonburg MLS® #: 40431728
Active / Commercial Sale Confidential for REALTORS® Only Price: $620,000.00
MLS®#:40431728 DOM/CDOM 32/32Region:Oxford Bldg Area Total:3,714Municipality Area:Tillsonburg Lot Size Area:3,713.55
Neighbourhd/SubDist:Tillsonburg Lot Front:22.00Property Sub Type:Store with Apt/Office Lot Depth:166.54
Business Type:Tax Amount:Waterfront Y/N:No Tax Year:
Listing Date:06/03/2023
Rare opportunity to own Established Building in the Heart of Tillsonburg Downtown. High Traffic, Well maintained street
and fully restored beautiful commercial property. Retail or Office space on the ground floor a full basement which is readyfor future development. Multi purpose of large area upon entering the Building. Privately renovated main floor officesalong the north side of the Building. Common Hallway leads to a private board room. open kitchen and his/her
washrooms. Large rear room is perfect for Social gatherings or main floor storage. The lower level is very clean state andwaiting for development. In Upstairs you will find one of finest 2 Bedroom Downtown Apartment. Approximately 1300
sqft. Upgrading kitchen. If you look for a retail location or new corporate headquarters,don't miss out this opportunity !!!
L/Brokerage:ROYAL LEPAGE NEW CONCEPT
L/Salesperson:SIMON AHNL/Brokerage 2:ROYAL LEPAGE NEW CONCEPT
L/Salesperson 2:JAIKI KIM, SalespersonSeller:LEE, HYUNMO
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Member Thumbnail 18 HARVEY St Tillsonburg MLS® #: 40437992
Active / Commercial Sale Confidential for REALTORS® Only Price: $799,900.00
MLS®#:40437992 DOM/CDOM 16/16
Region:Oxford Bldg Area Total:2,133Municipality Area:Tillsonburg Lot Size Area:
Neighbourhd/SubDist:Tillsonburg Lot Front:60.50Property Sub Type:Building and Land Lot Depth:
Business Type:Tax Amount:$2,805Waterfront Y/N:No Tax Year:2022Listing Date:06/19/2023
Welcome to this amazing investment opportunity in the heart of downtown Tillsonburg! This triplex has it all - acommercial office on the main floor, two residential units (one 2-bedroom and one 1-bedroom), and plenty of parking for
both customers and residents. With an ideal location across from Starbucks, you have the potential to tap into high foottraffic or open up your own business. Enjoy peace of mind knowing that there are long term tenants already in place.
Don't miss out on this great opportunity - call us today!
L/Brokerage:The Realty Firm Wiltshire Realty Inc Brokerage
L/Salesperson:Bryan WiltshireL/Brokerage 2:The Realty Firm Wiltshire Realty Inc Brokerage
L/Salesperson 2:Amanda Wiltshire, SalespersonSeller:Estate of Bobby West c/o Jamie West
Member Thumbnail 39 LONDON St W Tillsonburg MLS® #: 40395424
Active / Commercial Sale Confidential for REALTORS® Only Price: $1,199,900.00
MLS®#:40395424 DOM/CDOM 91/91Region:Oxford Bldg Area Total:1,953Municipality Area:Tillsonburg Lot Size Area:17,492.00
Neighbourhd/SubDist:Tillsonburg Lot Front:65.31Property Sub Type:Building and Land Lot Depth:200.21
Business Type:Tax Amount:$2,537Waterfront Y/N:No Tax Year:2022
Listing Date:04/05/2023
Attention Developers! Larger downtown core property with Central Commercial Zoning available for redevelopment. This
prime location is off Broadway, in the Southwest corner of the downtown core and offers great development potentialwith +/- 0.4 Acres of Land. The Zoning permits a wide range of residential and commercial uses and could accommodatea 3 story, 18 unit project, which has been reviewed with the Town of Tillsonburg (see attached concept site plan by CJDL
Engineering). Phase one Environmental Site Assessment available. This opportunity has fabulous ‘investment value’ andlong term equity building for a well suited buyer. Downtown development opportunities like this do not come by often!
NOTE: There is an existing Duplex currently occupied with tenants on a month to month tenancy. Please allow a minimumof 24 hours’ notice prior to viewings. Buyer to conduct all due diligence regarding development.
L/Brokerage:Re/Max a-b Realty Ltd BrokerageL/Salesperson:Erica Patenaude
L/Brokerage 2:L/Salesperson 2:
Seller:PATENAUDE, ERICA NADINE
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Member Thumbnail 102 SPRUCE St Tillsonburg MLS® #: 40429235
Active / Commercial Sale Confidential for REALTORS® Only Price: $6,295,000.00
MLS®#:40429235 DOM/CDOM 34/34
Region:Oxford Bldg Area Total:19,825Municipality Area:Tillsonburg Lot Size Area:
Neighbourhd/SubDist:Tillsonburg Lot Front:229.90Property Sub Type:Building and Land Lot Depth:
Business Type:Tax Amount:$46,965Waterfront Y/N:No Tax Year:2022Listing Date:06/01/2023
Rare opportunity! Property must be sold with adjacent building to the North 131 Townline Road MLS#40429215.Combined 39,100 feet on 5.197 acres with long term potential from excess land to expand the existing building. Long
term tenants with triple net leases. Pictures are of 102 Spruce Street and 131 Townline Road.
L/Brokerage:Royal Lepage R.E. Wood Realty Brokerage
L/Salesperson:Dane WillsonL/Brokerage 2:
L/Salesperson 2:Seller:1000206610 Ontario Ltd.
Member Thumbnail 131 TOWNLINE Rd Tillsonburg MLS® #: 40429215
Active / Commercial Sale Confidential for REALTORS® Only Price: $3,275,000.00
MLS®#:40429215 DOM/CDOM 34/247Region:Oxford Bldg Area Total:21,600
Municipality Area:Tillsonburg Lot Size Area:2.19Neighbourhd/SubDist:Tillsonburg Lot Front:143.16Property Sub Type:Building and Land Lot Depth:
Business Type:Tax Amount:$52,182Waterfront Y/N:No Tax Year:2022
Listing Date:06/01/2023
Amazing opportunity! Well maintained building with long term stable tenants. The building is approximately 21,600
square feet sitting on 2.185 acres. The two tenants are long term and stable. Both with net leases. Excellent hands offinvestment! Property can be purchased with adjacent building at 102 Spruce street see MLS#40429235
L/Brokerage:Royal Lepage R.E. Wood Realty BrokerageL/Salesperson:Dane Willson
L/Brokerage 2:L/Salesperson 2:Seller:1000206610 Ontario Ltd.
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.
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