LEASE - 133 MAIN Street W Unit# 100

For Lease Property Details List Price$21 Property Address 133 MAIN Street W Unit# 100, North Bay, Ontario, P1B 2T6, Canada Type Offices Lot Frontage95 ft Lot Size Area1,060 sq.ft. Description Prime, turnkey commercial space in secure building downtown. Main floor office space with high visual exposure and signage opportunities. Offering 1060 sq. ft. of space with parking available on site. Additional monthly parking is located in the Oak St parking lot. Building has access from both Main St and Oak St. Building consists of commercial tenants only. Features Visual exposure, Park/reserve Amenities Park, Public Transit This property is located within the boundaries of the Downtown Improvement Area known as Downtown North Bay and Waterfront. The building owner and any businesses that lease space within the boundaries are automatically part of the Downtown North Bay and Waterfront membership; a Business Improvement Area (BIA), and as such are subject to a special tax levy. Calculation of this levy is based on the proportionate value of each property’s commercial and/or industrial assessment. What is a BIA? A Business Improvement Area (BIA) is an association of commercial property owners and tenants within a defined area who work in partnership with the City to create thriving, competitive, and safe business areas that attract shoppers, diners, tourists, and new businesses. By working collectively as a BIA, local businesses have the organizational and funding capacity to be catalysts for civic improvement, enhancing the quality of life in their local neighbourhood and the City as a whole. What Can a BIA Do? Local businesses, working collectively as a BIA, become catalysts for civic improvements, ultimately enhancing the business climate and quality of life of the neighbourhood. As a legal organization mandated by provincial legislation, BIAs are able to develop a budget for improvements and, through the city, collect a levy from businesses in the area to raise the necessary funds. BIAs improve their local economies through activities such as: Street and sidewalk maintenance and capital improvements Promotion of the BIA as a business, employment, tourist or shopping area (business directories, festivals, advertising) Hosting neighbourhood festivals and events Safety, security and crime prevention initiatives Graffiti and poster removal services respecting building facades visible from the street Strategic plans for business recruitment, market studies and capital improvements Advocate on behalf of their membership as a unified voice How Does it Work? A BIA is run by a volunteer Board of Management elected from its members. The Board is nominated at an Annual General Meeting and, once approved by City Council, serves a four-year term concurrent with the term of Council. The Board works on behalf of its BIA and meets regularly to develop budgets, set priorities, implement capital improvements, plan festivals, and promote its business area. How is a BIA Funded? Once the BIA members approve the budget and City Council ratifies it, funds are raised through a levy on all commercial and industrial properties within the BIA’s boundary. Calculation of this levy is based on the proportionate value of each property’s commercial and/or industrial assessment. Once the City collects the levy, it returns the funds to the BIA to manage.

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