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For saleMLS® S13578702

156 Mississaga Street E, Orillia, ON L3V 1V7

Orillia · L3V 1V7

$749,000

$419 / sq ft

3 months on market

Total area
1,786 sf
Lot
18 × 100 ft

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About this property

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.

Property details

Property

Property type
retail
Interior size
1,786 sq ft
Lot size
18 × 100 ft
Zoning
C1
Possession
TBD

Interior

Heating
Gas Forced Air Closed
Cooling
No

Exterior & services

Sewer
Sanitary

Costs

List price
$749,000
Property taxes
$2,747 / year (2026)
Price per sq ft
$419
Rental items
None Known

Listing

MLS® number
S13578702
Status
For sale
Listed
July 17, 2026
Days on market
110
Last updated
July 31, 2026
Listing brokerage
PROPERTY.CA INC.

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 in line with comparable listings — about 30% of comparable retail listings in Orillia are asking less.

$499KMedian $907K$1.73M
This home
$419 / sq ft
Comparable median
$269 / sq ft

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

Mortgage estimate

Down payment6.7% · minimum $49,900
$49,900
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$3,865.44
Property tax (est.)
$228.92
Estimated monthly
$4,094

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
$11,455
Total due on closing
$11,455

An estimate on the asking price of $749,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of PROPERTY.CA INC.. 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.

$749,000

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