174 West Street, Orillia, ON

$9,450,000
MLS#:S9030199
0 beds
26 baths
Commercial
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Description

Property Highlights

Welcome to this remarkable [] office located in the coveted neighborhood of Orillia. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $9,450,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 0 Bedrooms and 26 Bathrooms
  • Premium 334 x 369 ft lot size
  • Features a [] basement, adding superb versatility for recreation, a home gym, or extra storage
  • Convenient outside/surface garage included
  • equipped with ["yes"] central cooling and highly efficient gas forced air open heating

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.

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Key Features

Bathrooms
26
Property Type
Commercial

Additional Details

StatusSold Conditional
Listed Date7/5/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeOffice
Lot Size334 × 369 Feet
CountySimcoe
Annual Tax$84,391.48
Legal Descriptionsee BROKERAGE REMARKS

Parking & Garage

Garage Spaces160
Garage TypeOutside/Surface

Heating & Cooling

Heat TypeGas Forced Air Open
CoolingYes

Features

Property Features

Interior Features

Security Features

No

Community Features

Location

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174 West Street, Orillia, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 174 West Street S, Orillia, ON L3V 6L4

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$7,560,000
Monthly Mortgage$43,926
Property Tax (Est.)$7,033
Utilities & Maint.$350
Total Monthly Cost$51,309

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Orillia.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Orillia, Orillia.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$718,468

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

Lions Oval
Public25 Brant Street West, Orillia, Ontario, L3V 3N6
4.2
Harriett Todd
Public11 George Street, Orillia, Ontario, L3V 2V1
5.8
Orchard Park
Public24 Calverley Street, Orillia, Ontario, L3V 3T4
4.5
Monsignor Lee
Public14 Fittons Road East, Orillia, Ontario, L3V 2H9
5.6
Couchiching Heights
Public455 Laclie Street, Orillia, Ontario, L3V 4P7
4.6

Secondary Schools

Orillia
Public250 Collegiate Drive, Orillia, Ontario, L3V 7S5
5.5
Twin Lakes
Public381 Birch Street, Orillia, Ontario, L3V 2P5
4.9
Patrick Fogarty
Public15 Commerce Road, Orillia, Ontario, L3V 0Z2
4.2

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.