NewFor Sale

8 Westmount Drive S
Orillia, Simcoe, ON, L3V 6C9

Investment
TRREB
MLS® Number: S12305112
$999,900List Price
InvestmentProperty Type
5,078 sq ftSize
$10,337.31 / 2024Taxes (Annual)
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Listing History

Buy/sell history for 8 Westmount Drive S, Orillia, ON L3V 6C9

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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.

Features

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Amenities

No amenities available

Summary

Tax (Annual):$10,337.31 / 2024
Listing #:S12305112
Property Type:Investment
Size:5,078 sq ft
Land Size:82.9 x 184.5
Days on CPRB:
Garage:Single Detached
Locker:None
On CPRB Since:
Listing Brokerage:REAL BROKER ONTARIO LTD.

Rooms

Details

Property

Property Type:Investment
Community:Orillia
Municipality:Simcoe

Building

Size:5,078 sq ft

Inside

Bedrooms:0
Bathrooms:0
Kitchens:0
Family Room:No

Parking

Garage Type:Single Detached
Garage Spaces:0
Total Parking Spaces:0

Utilities

Cooling:Yes
Heating Type:Gas Forced Air Closed

Land

Cross Street:Corner of Westmount and Mississaga St.

$999,900

List price

8 Westmount Drive S, Orillia – Investment for sale · MLS® # S12305112 | CPRB