Exceptional investment opportunity in the heart of downtown Orillia! This versatile 3-storey building offers endless potential, continue operating as commercial/office space with strong rental income, or re-purpose into residential units with ground-floor commercial. Preliminary approval for residential conversion has been granted in principle by the City of Orillia, with the requirement to maintain commercial use on the main floor. Ideal for investors, developers, or business owners seeking a prime downtown location with flexible future use. Financial information, Survey and Floor plans are available in the document section.
- MLS®#:
- S12921350
- Property Type:
- Commercial Retail
- Property Style:
- Area:
- Simcoe
- Community:
- Orillia
- Taxes:
- $17,690.31 / 2025
- Added:
- March 25 2026
- Lot Frontage:
- 67.5
- Lot Depth:
- 106.01
- Status:
- Active
- Outside:
- Year Built:
- 31-50
- Brokerage:
- CENTURY 21 B.J. ROTH REALTY LTD.
- Lot :
-
106
67
- Intersection:
- Mississaga St / Peter St
- Rooms:
- Bedrooms:
- Bathrooms:
- Fireplace:
- Utilities
- Water:
- Municipal
- Cooling:
- Yes
- Heating Type:
- Gas Forced Air Open
- Heating Fuel:
Listing Details
Insights
- Prime Downtown Location: This property is situated in the heart of downtown Orillia, providing high visibility and foot traffic, which is essential for commercial success.
- Versatile Use Potential: The building can continue as commercial/office space or be converted into residential units, offering flexibility for various investment strategies.
- Preliminary Approval for Conversion: The property has received in-principle approval for residential conversion, making it easier for investors to transition to a potentially lucrative residential market.
Neighborhood Overview
Complete neighborhood profile for 10 Peter Street N
Orillia home prices
Average sold price for Detached, Semi-Detached, Condo, Townhomes in Orillia
* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)
