10 Peter Street North, Orillia, Ontario, L3V4Y7




$899,000
Orillia
This retail property in Orillia is for sale offering roughly 7,265 sq ft of space.
Exceptional investment opportunity in the heart of downtown Orillia! This versatile 3-storey building offers endless potential, continue operating as commercial/office space with strong rental income, or re-purpose into residential units with ground-floor commercial. Preliminary approval for residential conversion has been granted in principle by the City of Orillia, with the requirement to maintain commercial use on the main floor. Ideal for investors, developers, or business owners seeking a prime downtown location with flexible future use. Financial information, Survey and Floor plans are available in the document section. Built in 1973 as per City of Orillia. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 224 days on market, against an average age of 66 days across the listings currently for sale in this city
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Approximate location — exact address confirmed upon showing
This home lists at $899,000, about 11.6× the local median household income of $77,500.
Carrying it typically needs a household income of about $175,606 (20% down, 25-yr amortization, stress-tested) — roughly 127% above the area median.
Source: Statistics Canada, 2021 Census (FSA L3V)
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