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For saleMLS® S13213612

161-165 Mississaga Street E, Orillia, ON L3V 1V8

Orillia · L3V 1V8

$1,999,000

$217 / sq ft

5 months on market

Total area
9,222 sf
Lot
49.75 × 112.06 ft

What's special

  • Partial

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About this property

Rare opportunity to own a freestanding mixed-use commercial building on the corner of Mississaga Street East and Matchedash Street South, in the heart of downtown Orillia's Business District. Approximately 6,908 finished square feet across seven units , zoned C1. Fully tenanted with a diversified mix that includes a cafe, a clothing boutique, a pilates studio, a jewelry store, and an interior design firm, plus two long-tenured residential units. Stabilized income with no single-sector concentration and no vacancy to manage at acquisition. The building occupies one of downtown Orillia's most active commercial corners, with frontage on both Mississaga Street East (the city's main commercial corridor) and Matchedash Street South. Foot traffic is strong year-round, anchored by the surrounding mix of restaurants, retail, professional services, and the steady reinvestment that has shifted downtown Orillia's market over the past decade. The asset suits three buyer profiles: an income investor seeking stabilized cash flow in a growing Ontario market, an owner-occupier looking to operate one unit while collecting income from the others, or a long-term holder positioning for appreciation as the downtown core continues to grow. Within walking distance of Lake Couchiching, Couchiching Beach Park, and recent residential developments, Matchedash Lofts, Sunshine Harbour, Orillia Fresh Towns, and Elgin Bay Club - all part of a city projected to grow 26 percent by 2031, with downtown reinvestment and foot traffic growing alongside it. The full financial package is available to qualified buyers under a standard confidentiality agreement.

Property details

Property

Property type
retail
Interior size
9,222 sq ft
Lot size
49.75 × 112.06 ft
Zoning
C1
Possession
Flexible

Interior

Heating
Gas Forced Air Open
Cooling
Partial

Costs

List price
$1,999,000
Property taxes
$20,960 / year (2026)
Price per sq ft
$217

Listing

MLS® number
S13213612
Status
For sale
Listed
May 29, 2026
Days on market
160
Last updated
October 14, 2026
Listing brokerage
REAL BROKER ONTARIO LTD.

Price & sale history

This property's sale history is hidden

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced above most comparable listings — about 100% of comparable retail listings in Orillia are asking less.

$499KMedian $844K$1.52M
This home
$217 / sq ft
Comparable median
$287 / sq ft

Based on 10 comparable active retail listings in Orillia. These are asking prices, not sale prices.

Mortgage estimate

Down payment20.0% · minimum $399,800
$399,800
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$8,842.25
Property tax (est.)
$1,746.64
Estimated monthly
$10,589

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$36,455
Total due on closing
$36,455

An estimate on the asking price of $1,999,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of REAL BROKER ONTARIO LTD.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$1,999,000

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