$1,195,000 FOR SALE

Investment

Lot: 26.62 x 137.7 ftTotal Area: 5,224 ft2
2023 Taxes: $8,958

31 Mississaga St W
Orillia, ON L3V 3A5 | Simcoe

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.

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Listed By FARIS TEAM REAL ESTATE
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number S8228264
Last Updated Apr 25, 2024
Property Summary
Property Type Investment

More like this:
Category Apartment
PIN 586500156
Legal Description PT LT A BLK 1 PL 63 ORILLIA PT 1, 51R17255 T/W RO1
Occupancy Tenant
Possession Date Flexible
Taxes (2023) $8,958
Tax Type Annual
Directions/Cross Streets Andrew St S/Mississaga St W
Neighbourhood Orillia
Area Simcoe
Price History
Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding N
Lot 26.62 x 137.7 ft
Retail Area 2,500 ft2
Office/Apt Area 2,500 ft2
Total Area 5,224 ft2
Air Conditioning Y
Garage Type None
Parking Spaces 3
# Trailer Parking Spots 3
Heat Type Baseboard
Area Influences Public Transit
Utilities Y
Water Municipal
Survey Y
Lot/Bldg/Unit Code Lot
Zoning C1
Seller Property Info Statement N

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