For Lease · Office

LOWER LEVEL UNIT - 28 WEST STREET N, Orillia

LOWER LEVEL UNIT - 28 WEST STREET N, Orillia, ON L3V5B8

Price on request

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Asset Class

Office

Size

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Building class

B

Zoning

CB2 — Central Business

$ / SF

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Occupancy

95%

About this property

Available Immediately! Prime Downtown Orillia Leasing Opportunity! Beautifully Lower Floor Unit Fully Renovated And Never-Before-Occupied, This Bright And Modern Space Features 2 Separate Rooms, 1 Full Bathroom, Full Kitchen And Private In-Suite Laundry, Offering A Flexible Layout For A Variety Of Potential Business, Professional And Administrative Uses. Property Is Zoned DS1-5 (Downtown Shoulder One, Exception Five) And Located Within The Downtown Area Overlay Zone. Excellent Opportunity For Doctors, Medical & Healthcare Professionals, Law Offices, Real Estate, Mortgage,Insurance, Accounting, Financial Services, Consulting Or Other Professional Uses, Subject To The Tenant's Specific Intended Use And All Applicable Municipal, Zoning, Building And Other Required Approvals. Available Immediately. Excellent Downtown Location Just Minutes From Orillia Soldiers' Memorial Hospital And Close To The Courthouse, Downtown Businesses, Banks, Restaurants, Cafés, Orillia Public Library, Public Transit And Ontario Northland Bus Service. The Two Separate Rooms Offer Excellent Flexibility For Private Offices, Consultation Rooms Or Meeting Space. Full Kitchen, Private Laundry, Separate Utilities And Private Rear Parking Provide Additional Convenience. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$83K

Annual cash flow

$-511

Cash-on-cash

-0.11%

DSCR

0.99

Going-in cap

5.51%

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

44,973

Households

18,778

Median income

$75,500

Median age

42

Daytime population

64,907

5-yr growth

9.2%

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

Secure deal room

Confidential diligence documents for LOWER LEVEL UNIT - 28 WEST 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.