380 MEMORIAL AVENUE, Orillia

$99,000

For sale: Other

Other at 380 MEMORIAL AVENUE, Orillia
Property type
Sale Of Business
Bedrooms / bathrooms
2 bathrooms
MLS®
MLS® S13471310
Neighbourhood
Orillia

WINGSUP! FRANCHISE OR REBRAND TO ANY NON-COMPETING RESTAURANT. Super low rent of only $2800/month including TMI + HST. Lease until June 30th 2031 + 2x5 years option to renew. An exceptional opportunity to own a franchise of one of Canada's fastest-growing chicken wing brands! Wings Up! is renowned for serving 100% fresh, never frozen chicken that is hand-cut, freshly battered, breaded, and cooked to order. With a loyal customer following, 18 signature sauces and seasonings, and a menu featuring wings, boneless chicken, sandwiches, fresh salads, appetizers, and catering, the brand has earned a reputation for outstanding quality and exceptional taste. This business enjoys premium exposure on one of the city's busiest commercial corridors. Located just minutes from Highways 11 and 12, the restaurant benefits from excellent accessibility and captures steady commuter traffic travelling between Muskoka, Barrie, Toronto, Midland, and Kawartha Lakes. Surrounded by major retailers including Walmart, Costco, Zehrs, and Smart Centres Orillia, along with popular restaurants, grocery stores, recreation facilities, and the beautiful Lake Couchiching waterfront, the location attracts strong daily customer traffic. Nearby schools, including Twin Lakes Secondary School, Orillia Secondary School, and Lakehead University - Orillia Campus, provide a consistent student customer base. This turnkey franchise presents an outstanding opportunity for owner-operators or investors town a well-established business in one of Orillia's highest-traffic retail destinations.

Sold data

Homes in Orillia — recent sold market

Homes in Orillia took a median of 31 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 60, across 156 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 58 days.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 $590,000.

Homes sold for about 3.0% below asking on average, so there was room to negotiate.

About 7% of sales closed above the list price.

Around 26% of sellers reduced their price before finding a buyer.

Median days to sell
31
Median sale price
$590,000
Sale-to-list ratio
97.0%
Sold above asking
7%

Based on 156 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 380 MEMORIAL AVENUE