Business For Sale · Retail

83 MISSISSAGA STREET W, Orillia

83 MISSISSAGA STREET W, Orillia, ON L3V3A9

$699,000 total

2,200 SF

Asset Class

Retail

Size

2,200 SF

Building class

C

Zoning

CB1 — Low Intensity Business

$ / SF

$318

Occupancy

94%

Lot Size

0.247 ac

About this property

Exceptional commercial opportunity in a high-visibility, high-traffic corridor of downtown Orillia. This prominent corner property at 83 Mississaga Street West offers over 2,200 square feet of versatile interior space, perfectly positioned to capture the steady flow of both pedestrian and vehicular traffic. Formerly operating as a successful restaurant, the building features a layout and infrastructure that lends itself easily to hospitality, though the flexible DS2 zoning makes it an ideal fit for a wide range of professional or retail uses. One of the most significant and rare advantages of this downtown location is the inclusion of 15 dedicated on-site parking spots, providing effortless access for clients and staff in an area where parking is typically at a premium. The property is strategically located just steps from Orillia Soldiers' Memorial Hospital, the Orillia Public Library, and the vibrant shops and services of the downtown core, ensuring a constant consumer base from local residents and healthcare professionals. Whether you are looking to launch a flagship retail store, a modern medical clinic, professional offices, or a signature dining destination, this landmark corner location offers unparalleled exposure and convenience in one of Orillia's most established business district. (id:66811)

Financial sandbox

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Estimate
Purchase price$699K
Down payment30% · $210K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$35K

Annual cash flow

$-3K

Cash-on-cash

-1.66%

DSCR

0.91

Going-in cap

5.04%

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.

Rent roll (estimated)

TenantAreaExpiry
Northbridge Logistics833 SF2027-03
Northbridge Logistics1,231 SF2034-04

Area demographics

Trade area within 3 miles of the property.

Population

106,986

Households

38,050

Median income

$87,000

Median age

44.4

Daytime population

157,508

5-yr growth

4.7%

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

Secure deal room

Confidential diligence documents for 83 MISSISSAGA STREET W, 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.