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Orillia, ON L3V 6C9,8 Westmount DR S
Orillia, ON L3V 6C9,8 Westmount DR S
Orillia, ON L3V 6C9,8 Westmount DR S
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$999,900
Est. payment /mo
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5,078 SqFt
Active

8 Westmount DR S Orillia, ON L3V 6C9

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Jasmine Lee

Jasmine Lee

+1(416) 875-4880

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Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 5,078 sqft

Price per Sqft $196

Subdivision Orillia

MLS Listing ID S12305112

Annual Tax Amount $10,337

Tax Year 2024

Property Sub-Type Investment

Property 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.

Location

Province ON

County Simcoe

Community Orillia

Area Simcoe

Interior

Cooling Yes

Exterior

Utilities Available Yes

Lot Frontage 82.9

Lot Depth 184.5

Others

ParcelsYN No

Listed by REAL BROKER ONTARIO LTD.
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Jasmine Lee

Jasmine Lee

Real Estate Broker & Team Leader | License ID: 9517861

+1(416) 875-4880

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8 Westmount DR S

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