For Sale · Office

27 PETER STREET N, Orillia

27 PETER STREET N, Orillia, ON L3V4Y8

Price on request

—

Asset Class

Office

Size

—

Building class

A

Zoning

CO — Commercial Office

$ / SF

—

Occupancy

100%

About this property

Immaculate commercial space at street level with glass front roll up garage doors. Offers beautiful bright modern space in Historic restored building. Exceptional street exposure . Exclusive fenced patio. Handicapped washroom. Interior just under 400 sq ft . Located in Orillia"s downtown core in the Peter St. Arts District, busy main street eateries and frequent downtown events and festivals. A mix of commercial and residential uses in the downtown core. Only 3 blocks to the bustling waterfront at the end of Mississaga St . E. Bring your business visions to life! Coffee shop, convenience store, art studio, bakery, retail, Professional office space . Net lease plus HST plus hydro & water. It is heated and cooled with a super efficient mini-split heat pump HVAC unit. Estimated hydro approximately $95. a month depending on hydro demands of business. The landlord pays taxes ($250 a month). Tenant responsible for own maintenance on patio and interior.Tenants pay their own insurance. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$89K

Annual cash flow

$6K

Cash-on-cash

1.31%

DSCR

1.07

Going-in cap

5.94%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

89,938

Households

42,421

Median income

$110,000

Median age

34.4

Daytime population

149,272

5-yr growth

8.5%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 27 PETER STREET N, Orillia.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.