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Municipality of Sioux Lookout - Real Estate Realty Costs

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Case A - 20,000 sq.ft. office
Total Estimated Real Estate Tax ($):N/A
Or; Estimated Tax in $ / sq.ft.:
Effective Date:
Estimated Average Lease Base Rate ($ / sq.ft.):
Estimated Average Lease Rate Taxes ($ / sq.ft):
Maintenance and Insurance ($ / sq.ft):
Total Rate ($ / sq.ft):
Approximate Construction Costs ($ / sq.ft):
Case B - 60,000 sq.ft. office
Total Estimated Real Estate Tax ($):N/A
Or; Estimated Tax in $ / sq.ft.:
Effective Date:
Estimated Average Lease Base Rate ($ / sq.ft.):
Estimated Average Lease Rate Taxes ($ / sq.ft):
Maintenance and Insurance ($ / sq.ft):
Total Rate ($ / sq.ft):
Approximate Construction Costs ($ / sq.ft):
Case C - 90,000 sq.ft. plant / warehouse
Total Estimated Real Estate Tax ($):N/A
Or; Estimated Tax in $ / sq.ft.:
Effective Date:
Estimated Average Lease Base Rate ($ / sq.ft.):
Estimated Average Lease Rate Taxes ($ / sq.ft):
Maintenance and Insurance ($ / sq.ft):
Total Rate ($ / sq.ft):
Approximate Construction Costs ($ / sq.ft):
Remarks by Community
The above buildings are not representative of realty offerings in Sioux Lookout.

Typical build costs, lease values and property tax rates for the municipality are shown below.

Build Costs
- Commercial/Office: $150-200/sq.ft.
- Industrial: $80-$120/sq.ft.

Lease Values
-Commercial/Office: $12-$15/sq.ft., triple net
-Industrial $4-$8/sq.ft., triple net

2007 Consulidated Property Tax Rate
- Occupied Commercial: 4.061593%
- Occupied Industrial: 6.569037%
- Heavy Industrial: 6.569037%

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