Parry Sound to Relocate and Lease South River EMS Base
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Description
The Town of Parry Sound is set to enter into a Memorandum of Understanding with the Village of South River to renovate and lease the municipally owned building at 309 Hwy 124 for use as the EMS base. The renovations, up to $400,000, will be financed by South River, with Parry Sound repaying via monthly installments. The resulting 15-year lease starts at $5,000 per month, with an option for a 15-year extension.
Contract Details
Contract Amount
$5000/month for 5 years, renovations up to $400,000 financed
Vendor
CORPORATION OF THE VILLAGE OF SOUTH RIVER
Agency
Township of Carling, Canada
Contract Type
FACILITIES
Document Date
February 26, 2026
Contract Term
15 years with option for additional 15 years; rent fixed 5 years then CPI increase
Renewal Date
2042-01-01
Renewal Info
Lease term: 15 years with option to extend for an additional 15 years; rent fixed for first 5 years, CPI increase thereafter; new lease at 309 Hwy 124 upon project completion replaces current lease at 203 Hwy 124.
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