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32 Matchedash Street N Orillia, Ontario L3V 4T5

5 Bathroom 6700 sqft
Fully Air Conditioned Baseboard Heaters, Forced Air

$1,750,000

CASH FLOW FROM DAY 1: Here is your chance to add a Freehold, Mixed Use, Multiplex to your portfolio. Located just minutes from Orillia's Growing, Vibrant Waterfront, this well maintained, HANDS OFF INVESTMENT property with LOW ANNUAL EXPENSES, features FIVE INCOME PRODUCING UNITS with long term, stable tenants, making it the perfect addition or start to an investment portfolio. Unit Details - SUITE 101: Main Level Commercial unit, Tenanted by Salon - SUITE 102: Main Level Commercial Unit, Tenanted by Law Office - UNIT A: Second Level Residential Unit, 3 Bedrooms, 1 Bathroom - UNIT B: Lower Level Residential Unit, 2 Bedroom, 1 Bathroom, Tenanted by same Law Office - UNIT C: Lower Level Residential Unit, 1 Bedroom, 1 Bathroom - Possibility to subdivide a commercial unit into a 6th unit. Additionally, the property features a Newly Paved Parking Lot (2023) with 15 parking spaces, and over $100,000 worth of upgrades and updates since 2022, including a renovation in Suite 102, Unit B, and Unit C (2025). This property stands out from the rest with its strong tenant mix with long term, reliable occupants, future development options, ideal location just seconds from the waterfront, staple amenities and stores. This is a rare opportunity to purchase a cash flow positive investment early into the gentrification and growth of an established city. (id:63244)

Property Details

MLS® Number S12569482
Property Type Retail
Community Name Orillia
Amenities Near By Highway, Public Transit
Equipment Type Air Conditioner
Parking Space Total 15
Rental Equipment Type Air Conditioner

Building

Bathroom Total 5
Age 31 To 50 Years
Cooling Type Fully Air Conditioned
Heating Fuel Natural Gas
Heating Type Baseboard Heaters, Forced Air
Size Interior 6700 Sqft
Utility Water Municipal Water

Land

Acreage No
Land Amenities Highway, Public Transit
Size Depth 100 Ft
Size Frontage 65 Ft ,5 In
Size Irregular 65.44 X 100.02 Ft
Size Total Text 65.44 X 100.02 Ft
Zoning Description C1

https://www.realtor.ca/real-estate/29129541/32-matchedash-street-n-orillia-orillia

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