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 Orillia’s 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. (id:47421)
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Listed By
Faris Team Real Estate Brokerage, Faris Team Real Estate Brokerage, Orillia
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Detailed Information
Lot
27 x 138 ft
Amenities Nearby
Public Transit
Features
Paved driveway
Listing Contract Date
2024-04-12
Location Description
Andrew St S/Mississaga St W
Ownership Type
Freehold
# of Parking Spaces
3
Property Type
Office
Transaction Type
For sale
Zoning Description
C1
Building
Basement Type
Full
Constructed Date
1920
Stories Total
2
Size (Exterior)
5816
Utility Water
Municipal water
Utilities
Type
Description
Natural Gas
Available
Land
Total Size
under 1/2 acre
Access Type
Road access
Amenities
Public Transit
Sewer
Municipal sewage system
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