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8 Westmount DR S Orillia, ON L3V 6C9
5,078 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 5,078 sqft
Price per Sqft $196
Subdivision Orillia
MLS Listing ID S12305112
Annual Tax Amount $10,337
Tax Year 2024
Property Sub-Type Investment
Property Description
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.
Location
State ON
County Simcoe
Community Orillia
Area Simcoe
Zoning C2
Interior
Cooling Yes
Exterior
Parking Features Single Detached
Utilities Available Yes
Building
Lot Description Building
Lited by REAL BROKER ONTARIO LTD.