This retail property in Orillia is for sale offering roughly 5,288 sq ft of space. It has been on the market 21 days, fresher than the Orillia average of 67 days.
Positioned at the prominent corner of Mississaga Street and Front Street in the heart of Downtown Orillia,this exceptional investment and development opportunity is ready for your vision. The existingfreestanding building offers approximately 5,288 sq. ft. of space, featuring two ground-floor commercialunits and 2 upper-level apartments ideally suited for office, live/work, or residential use. Situated on asubstantial lot measuring approximately 140 ft. x 88 ft., the property benefits from dual access points fromFront Street and on-site parking for approximately 18 vehicles. Investors and developers will appreciatethe significant future potential, including the opportunity for land assembly with neighbouring properties.The surrounding area has seen ongoing intensification and redevelopment, with zoning provisionssupporting higher-density residential, mixed-use, commercial, and retail developments. The C1 zoningpermits a wide range of uses, including professional offices, retail stores, restaurants, bakeries,convenience stores, financial institutions, entertainment venues, and many other commercial applications.Strategically located within walking distance of Downtown Orillia amenities, the Port of Orillia, hotels,restaurants, waterfront attractions, recreation trails, and major retail destinations, this property offersoutstanding exposure, accessibility, and long-term growth potential in one of Central Ontario's mostdynamic urban markets. (id:66096)
Property Details
MLS®
S14031130
Property Type
Retail
Zoning
C1
Parking
18
Interior Size
5,288 ft²
Frontage
140 ft
Building Area
5,288 ft²
Heating
Baseboard heaters, Forced air, Natural gas
Cooling
Fully air conditioned
Property Tax
$14,787/yr
Listed
21 days ago
Services
Water
Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
21d
Orillia listings, avg age
67d
Price / ft²
$284
List price
$1.50M
Active: 21 days on market, against an average age of 67 days across the listings currently for sale in this city
Market timing · days on market0 → 67d avg age of current listings
Active · day 21
Haho
This retail in Orillia has been listed for 21 days, which is 46 days fresher than the city average of 67. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (L3V)
This home lists at $1,499,999, about 19.4× the local median household income of $77,500.
Carrying it typically needs a household income of about $293,002 (20% down, 25-yr amortization, stress-tested) — roughly 278% above the area median.
Median household income
$77,500
Population
48,651
Median age
47.6
Owner / renter
70% / 30%
Avg. household size
2.3
Source: Statistics Canada, 2021 Census (FSA L3V)
$1,499,999· $284/ft²
For sale
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