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1012-1035 Mississaga St W 11,200 SF 63% Leased Retail Building Orillia, ON L3V 3C7 $3,499,999 CAD ($312.50 CAD/SF) 5.71% Cap Rate
INVESTMENT HIGHLIGHTS
- This property offers a dynamic commercial opportunity in the heart of Orillia, at 1033 & 1035 Mississauga Street W.
- This investment opportunity offers future growth potential, which will enhance the investment outcome and yield a high return.
- This location is primed for a lucrative residential and mixed-use development, combining luxury, sustainability, and unmatched profitability.
- Currently home to a diverse range of businesses, including a convenience store, banquet hall, restaurant, and U-Haul services.
- The Property has city-approved plans and drawings for 10 condo apartments and 4 live-work lofts,
EXECUTIVE SUMMARY
The Property has city-approved site plans and drawings for 10 condo apartments and 4 live-work lofts, This location is primed for a lucrative residential and mixed-use development, combining luxury, sustainability, and unmatched profitability,
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
11,200 SF
Building Class
C
Year Built
1980
Price
$3,499,999 CAD
Price Per SF
$312.50 CAD
Cap Rate
5.71%
NOI
$199,800 CAD
Percent Leased
63%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
0.91 AC
Zoning
Commercial - Commercial Retail
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Two unit avalibale for lease # 3 - 3400 sf & # 4 - 4200 sf
| Space | Size | Space Use | Position | Available |
| 4 | 4,200 SF | Retail | - | Now |
4
| Size |
| 4,200 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
4
| Size | 4,200 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Two unit avalibale for lease # 3 - 3400 sf & # 4 - 4200 sf
NEARBY MAJOR RETAILERS
1 of 4
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1012-1035 Mississaga St W
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