Homula Realty Brokerage
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1585 Highway 11 N, Oro-Medonte, ON L0L 2L0

Commercial Retail
$2,750,000

Conveniently located on Highway 11 North in the Township of Oro-Medonte and sitting on 2.6 Acres of land. The 2262.49 sq. ft. our showroom offers a bright, location for operating a variety of types of businesses. Built in 2021, the 40x40 insulated workshop with in-floor heating and fully equipped with pre-wiring is setup as a workshop or storage unit. Site Plan Approval for an additional 2200 sqft building. This unique property offers the potential for extra rental income from sources such as food trucks, produce stand, etc. Ideal for restaurant, showroom, pool, landscaping, modular home, RV, auto sales, and many other commercial uses. There is currently a Food Truck on-site offering additional rental income operating from May to October each year. Outdoor showroom is open to the public 24 hours a day. Location Statistics/Information: Local populations which could lead to potential customers from Barrie, City of Orillia, Township of Oro-Medonte and surrounding area exceeds 264,000 people According to the MTO, in 2016, the annual average daily total amount of vehicles travelling on highway11 was approximately 45,000 vehicles (16,425,000 vehicles per year). Local business support from Chamber of Commerce, Township Economic Development Department and CFIB. Located in the heart of the County of Simcoe, and in the Tourism region known as Orillia & Lake Country, Oro-Medonte offers businesses affordable access to your customers and markets* For Additional Property Details Click The Brochure Icon Below*

MLS number
S12459931
Type
Commercial Retail
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
L0L 2L0
Photos
1
Property tax
$9,946 / year
333days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 568 people.

$103,000Median household income
74.4%Own their home
76.7%Detached houses
48Median age
5%Born outside Canada
23.1%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35431108 — the few blocks around this address, home to 568 people. It describes the area, not this property.

568Population
42.9Average age
2.6Household size
$174,000Average household income
$103,000Median household income
74%Own their home
26%Rent
0%Condominiums
5%Born outside Canada
23%University degree
$1,200,000Average home value
8%Low income
48%Not in the labour force
29%Never married
$5,000 to $9,9992%
$10,000 to $14,9992%
$20,000 to $24,9992%
$30,000 to $34,9992%
$35,000 to $39,9993%
$40,000 to $44,9993%
$45,000 to $49,9992%
$50,000 to $59,9993%
$60,000 to $69,9995%
$70,000 to $79,9993%
$80,000 to $89,9995%
$90,000 to $99,9995%
$100,000 and over33%
$100,000 to $124,9998%
$125,000 to $149,9993%
$150,000 to $199,9998%
$200,000 and over15%

Percentages are of the 330 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$550,000 · minimum here is $550,000
$12,176.40per month
Borrowed before insurance$2,200,000
Total borrowed$2,200,000
Interest over 25 years at 4.5%$1,452,921

If you rented it out

-$13,005.24per month out of pocket
Rent$0.00
Everything it costs to hold$13,005.24
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by ICI SOURCE REAL ASSET SERVICES INC.. Listing data provided by the Toronto Regional Real Estate Board.