10 PETER STREET N, Orillia

$899,000

For sale: Other

Other at 10 PETER STREET N, Orillia
Property type
Commercial Retail
MLS®
MLS® S12921350
Neighbourhood
Orillia

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. Built in 1973 as per City of Orillia.

Sold data

Homes in Orillia — recent sold market

Homes in Orillia took a median of 36 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 63, across 154 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 58 days.

The median sale price was $589,450.

Homes sold for about 3.1% below asking on average, so there was room to negotiate.

About 3% of sales closed above the list price.

Around 32% of sellers reduced their price before finding a buyer.

Median days to sell
36
Median sale price
$589,450
Sale-to-list ratio
96.9%
Sold above asking
3%

Based on 154 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Orillia

Orillia has 14 Fraser Institute–rated schools (11 elementary and 3 secondary), averaging 5.1/10.

Rated schools
14
Elementary
11
Secondary
3
Average rating
5.1 / 10

Top-rated schools in Orillia

  • Notre Dame — elementaryFraser rating 6.1/10
  • Marchmont — elementaryFraser rating 6.0/10
  • Harriett Todd — elementaryFraser rating 5.8/10
  • Monsignor Lee — elementaryFraser rating 5.6/10
  • St Bernard's — elementaryFraser rating 5.6/10
  • Ardtrea/Cumberland Beach — elementaryFraser rating 5.5/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 10 PETER STREET N