31 Mississaga Street West, Orillia | Image 1

31 Mississaga Street West

Orillia, Orillia

  • Commercial

$1,195,000
For Sale

Added 1 week ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: C1

  • Age: No Data

  • Taxes: 8958

  • MLS®#: S8228264

  • Days on Site: 13 Days

  • Added: Apr 12, 2024 (1 week ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: FARIS TEAM REAL ESTATE

Top 5 Reasons You Will Love This Property: 1) Rare opportunity to own a renovated and turn-key, multi-unit commercial building in the heart of Orillias blossoming downtown 2) Enjoy a cap rate over 6% with five fully tenanted units, including two commercial spaces on the main level, one being a laundromat and the other being a clothing store 3) Three modernized and updated, two-bedroom residential units with an additional long-term revenue upside 4) Recent updates include a TPO roof, copper and pex plumbing throughout, and $581/month increased NOI 5) Directly across the street from the Orillia Public Library and Opera House in one of Orillia's most coveted downtown neighbourhoods. 5,816 fin.sq.ft. Age 104. Visit our website for more detailed information.

Property

  • Status: Sale

  • Property Type: Investment

  • Property Type: Apartment

  • Area: Orillia

  • Community: Orillia

  • Availability Date: Flexible

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Heat Type: Baseboard

  • Freestanding: N

  • Water Supply: Municipal

Parking

  • Garage Type: None

  • Covered Parking Spaces: 3

  • Trailer Parking Spots: 3

Fees

  • Tax Year: 2023

  • Tax Legal Description: PT LT A BLK 1 PL 63 ORILLIA PT 1, 51R17255 T/W RO1

  • Taxes: $8,958

  • Taxes Type: Annual

Land

  • Cross Street: Andrew St S/Mississa

  • Municipality District: Orillia

  • Parcel Number: 586500156

  • Lot Depth: 137.7 Feet

  • Lot Frontage: 26.62 Feet

  • Zoning: C1

Commercial Specific

  • Retail Area: 2500

  • Retail Area Metric: Sq Ft

  • Total Area: 5224

  • Total Area Metric: Sq Ft

  • Office Size: 2500

  • Office Size Metric: Sq Ft

  • Area Influence: Public Transit

  • Lot Code: Lot

  • Survey: Y

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Map of 31 Mississaga Street West, Orillia
JK-6

ÉÉC Samuel-de-Champlain

Elementary: Catholic
1.53 km
JK-8

Couchiching Heights Public School

Elementary: Public
2.28 km
JK-8

Monsignor Lee Separate School

Elementary: Catholic
1.07 km
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Orchard Park Elementary School

Elementary: Public
1.59 km
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Harriett Todd Public School

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1.38 km
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Lions Oval Public School

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0.60 km
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Orillia Campus

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0.11 km
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Gravenhurst High School

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34.57 km
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Sutton District High School

Secondary: Public
34.26 km
9-12

Patrick Fogarty Secondary School

Secondary: Catholic
2.25 km
9-12

Twin Lakes Secondary School

Secondary: Public
1.91 km
9-12

Orillia Secondary School

Secondary: Public
1.20 km
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