156 Mississauga Street E Orillia, Ontario L3V 1V7

$749,000

Stop paying rent to a landlord and take total control of your business's future. This single-storey freestanding commercial building offers an unrivaled opportunity in the absolute "bullseye" of downtown Orillia's historic district. Positioned on the most coveted, high-visibility stretch of Mississauga Street East, this property sits directly within the premier pedestrian-only zone for the city's signature weekend festivals, night markets, and major street animation events, putting your storefront directly in front of tens of thousands of captive locals and tourists right at your doorstep. While the building serves as a perfect operational base today, it doubles as a massive wealth-builder for your future. Under the proposed Updated Official Plan, this site will carry the prestigious Downtown Core designation that unlocks development potential of up to 12 storeys. This allows you to operate your business today while holding an incredible long-term retirement and exit strategy to add multiple floors of residential density or partner with a developer down the road. Located a stone's throw from the waterfront and surrounded by landmark downtown residential hubs like Matchedash Lofts and Sunshine Harbour, this is an opportunity to control your business' destiny and capture immense festival foot traffic, all with significant future upside potential. (id:63244)

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https://www.realtor.ca/real-estate/30050038/156-mississauga-street-e-orillia-orillia