FULLY OCCUPIED Renovated 3 Story Building in Historic Main Street Orillia

$595,000.00 - 22-23-26 MISSISSAGA ST., ORILLIA, L3V1V5
(Simcoe County)

Mike Preston

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FULLY OCCUPIED ( GROSS INCOME  71,040.00 ) THREE STOREY BRICK BUILDING IN DOWNTOWN  ORILLIA . COMMERCIAL MAIN FLOOR-RESIDENTIAL FLOOR 2 &3. EXTENSIVE RENOVATIONS THROUGHOUT INCLUDE WIRING, PLUMBING, HEATING . RENTAL MIX INCLUDES NEW FINISHING  OF FOR  4 RESIDENTIAL APTS. & TWO RETAIL STORES, ,CURRENT ANNUAL INCOME $65,000 + POTENTIAL FOR ADDITIONAL INCOME THROUGH RENTAL INCREASE & CREATION OF 2 2ADDTIONAL APTS. ON THIRD FLOOR CURRENTLY 5850 SQ FT OF SPACE. MAIN FLOOR IS RETAIL W/TWO STORES. ONE IS A SPECIALTY HEALTH DRINK SMOOTHY FRANCHISE - COMPLETELY RENOVATED - NEW WIRING,NEW PLUMBING.  2BATHROOMS + ONE THREE PC  BATH IN STAFF/LUNCH ROOM. NEW BUILDING OWNER  4 ADDTIONAL FUNDS COULD TAKE SMOOTHIE STORE IN DEAL/ STORE 2 LEASED TO JEWELLRY STORE,   2nd FLOOR 4 BEDROOM UNIT AND  TASTEFULLY DECORATED BACHLOR, 3RD FLOOR IS A 1800 SQ.FT.  2 BEDROOM COMPLETELY RENOVATED LOFT STYLE APARTMENT. TASTEFULLY DECORATED W/6 X 10` TEMPERATURE CONTROLLED WINE STORAGE ROOM. APPROXIMATE 1860 SQ FT PER FLOOR PLUS 7 PARKING SPACES IN REAR. EXTERIOR RENOVATIONS INCLUDE ALL NEW WINDOWS, BRICK REPOINTING,  SOME STUCCO, INSULATION, POSSIBLE VENDOR FINANCING.