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31 Mississaga St W

Mississaga St W, Orillia, Orillia, ON, L3V 3A5

-
Beds
-
Baths
5,224
Sq. Ft.
$1,195,000
List Price
Details
Photos
18
Comparables
History
31 Mississaga St W, Orillia, ON - 1 of 3
31 Mississaga St W, Orillia, ON - 2 of 3
31 Mississaga St W, Orillia, ON - 3 of 3
39 days on market

Quick Summary

  • Renovated multi-unit commercial building in downtown
  • Cap rate over 6% with 5 fully tenanted units
  • 3 modernized 2-bedroom residential units
  • Recent updates: TPO roof, plumbing, increased NOI
  • Across from library and opera house in coveted area
  • Rare opportunity for turn-key investment property
  • Long-term revenue upside potential
  • 104-year-old building with 5,816 sq.ft. interior space

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... Show More

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. (id:54626)

Property Details

Size

5,224 sq. ft.
0 Beds
0 Baths

Parking

3 Parking Spaces
-

Heating & Cooling

Heating
Baseboard heaters
Cooling
Fully air conditioned

Utilities

Water
Municipal water
Sewer
-
SHOW LESS

Source

Listing Brokerage

MLS® Listing
S8228264
Last Updated
May 14, 2024
Brokerage
FARIS TEAM REAL ESTATE
Powered by: REALTOR.ca
Call us 800-591-0566

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