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Jeff Somlo

jeffsomlo@bhhstoronto.ca +1(647) 998-3693

$ 9,450,000

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Active

174 West ST S Orillia, ON L3V 6L4

26 Baths

49,322 SqFt

UPDATED:

07/18/2024 02:23 PM

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 49,322 sqft

Price per Sqft $191

MLS Listing ID S9030199

Annual Tax Amount $83,398

Tax Year 2023

Property Description

Prime Office Building Investment in Orillia. Distinguished by its superior maintenance, strategic location, and strong investment potential, the building's strengths are: PEAK MAINTENANCE: Benefit from a property that's in excellent condition, with all capital improvements completed and up-to-date, ensuring a hassle-free investment. SOLID RETURNS: With 100% Occupancy, enjoy a 7.6% cap rate offering immediate cash flow. IDEAL LOCATION: Positioned directly across from the Orillia Recreation Centre and near amenities, this building is one of Orillia's most desirable office locations. GROWTH POTENTIAL: Located in an intensification node, anticipate capital appreciation with the city's forthcoming gentrification. Abutting 19.69 acre land also available as portfolio sale, along with another 23,477sf Orillia office building.

Location

Province ON

County Simcoe

Zoning C4

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Cooling Yes

Inclusions generator

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Utilities Available Yes

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Security Features No

Listed by MAVEN COMMERCIAL REAL ESTATE

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Jeff Somlo

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+1(647) 998-3693

Jeff Somlo

Jeff Somlo

174 West ST S Orillia, ON L3V 6L4

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