



1/583 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
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)
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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.
| Tenant | Area | Expiry |
|---|---|---|
| Northbridge Logistics | 833 SF | 2027-03 |
| Northbridge Logistics | 1,231 SF | 2034-04 |
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.
Confidential diligence documents for 83 MISSISSAGA STREET W, Orillia.
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.