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$999,900
Available - For Sale
Listing ID: S12305112
PRIME DOWNTOWN ORILLIA INVESTMENT OPPORTUNITY! Exceptional mixed-use property at the high-traffic corner of Mississaga St & Westmount Drive offers unbeatable visibility and cash flow potential. This fully-leased investment features 4 total units with 2 commercial spaces and 2 residential apartments, all occupied by quality long-term tenants ensuring stable income from day one. The main building houses a thriving ground-floor commercial business with 2 apartments above generating consistent rental income, while the secondary building contains a commercial unit with garage storage and is strategically designed with structural support for future second-floor expansion creating incredible value-add opportunity. Currently profitable with excellent upside through the pre-planned second story addition, this property allows you to expand your revenue stream while building equity in this prime downtown location. The property boasts a 20+ car paved parking lot with professional striping and has been meticulously maintained by caring long-term owners. Perfect for savvy investors seeking immediate cash flow plus future growth potential in Orillia's vibrant downtown core, the combination of established income, quality tenants, ample parking, and expansion possibilities makes this a rare find in today's market with maximum exposure at this premium corner location.
Price $999,900
Taxes: $10,337.31
Tax Type: Annual
Assessment Year: 2024
Occupancy by: Tenant
Address: 8 Westmount Driv South , Orillia, L3V 6C9, Simcoe
Postal Code: L3V 6C9
Province/State: Simcoe
Directions/Cross Streets: Corner of Westmount and Mississaga St.
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Office
Use: Medical/Dental
Building Percentage: T
Total Area: 5,078
Total Area Code:  Square Feet
Financial Statement: T
Maintenance: 0
Net Income Before Debt: $62775
Expenses Actual/Estimated: $Act
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
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Asking Price: $ Heating: $ /Year  
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8 Westmount Driv South , Orillia, L3V 6C9, Simcoe


 
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At a Glance:
Type: Com - Investment
Area: Simcoe
Municipality: Orillia
Neighbourhood: Orillia
Style:
Lot Size: x 184.50(Feet)
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Tax: $10,337.31
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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