17 West Street S, Orillia, ON L3V 5G2 – Orillia – $999,999

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Description

Discover an exceptional investment property at 17 West Street South, Orillia, offering a unique blend of commercial and residential potential. This expansive property boasts 2,150 sq ft of commercial space on the main level, ideal for retail, office, or service-based businesses, with high visibility in a bustling downtown location.The upper level features a spacious rooming house setup with 8 bedrooms, including 5 fully finished rooms (2 currently rented) and 3 rooms awaiting drywall and finishing touches to maximize rental income. The layout includes generous open spaces for shared living rooms and sitting areas, ensuring comfort for all tenants. With ample room for customization, this property is perfect for investors looking to capitalize on Orillia’s growing rental market.Additional features include a 5 easement running the entire length of the property, adjacent to the CIBC parking lot, providing convenient access. This large, versatile building offers endless possibilities for generating steady cash flow through commercial leases and residential rentals.Don’t miss this rare opportunity to own a high-potential property in the heart of Orillia! Visit my website for more information.

Property Details

• Property Type: Commercial
• List Price: $999,999
• Lot Size (sq ft): 3405
• Tax Year: 2024
• Annual Taxes: $6,722