Salehian.com 647-325-5000

40 Peter Street S

Orillia, Orillia, L3V 5A9

$1,495,000

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Listed 29 days ago · MLS® S13808702

About this home

Prime downtown Orillia opportunity on a signature Peter St S / Colborne St E corner. This professionally repositioned 3,958 sq. ft. former bank branch has been transformed into a high-end, client-facing office featuring a stone-clad reception, glass-walled private offices, a boardroom, a spacious open work area, and an updated kitchen, all wrapped in a refreshed exterior. C4i zoning positions this corner for downtown intensification, and the property sits within walking distance of Orillia's planned downtown transit terminal - genuine long-term upside in the heart of Orillia. Ideal for a professional practice wanting a turnkey, prestige address, or an investor targeting downtown office / NNN lease income. A rare pairing of finished product and growth story.

Details

Type
Office
Age
16-30 years
Lot
107.9 × 123.8 ft
Garage
None
Property tax
$21,828 (2026)
Neighbourhood
Orillia
Municipality
Orillia

Heating, cooling and services

Heating
Gas Forced Air Closed
Air conditioning
Yes
Utilities
Available

Building and exterior

Age
16-30 years
Building area
3,958 Square Feet

More

Possession
60-89 days
Cross street
Colborne St E and Peter St S

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: 1 grocery store, 22 cafés and restaurants, 7 parks, 3 pharmacies. Nearest grocery: Metro (500 m). Nearest park: St. James Commons (250 m).

Schools nearby

Elementary

  • Lions Oval Public School
    EQAO: Gr 6 reading 65%, math 47%    11 min walk
  • Harriett Todd Public School
    EQAO: Gr 6 reading 81%, math 50%    1.7 km
  • École élémentaire catholique Samuel-de-Champlain French
    EQAO: Gr 6 reading 77%, math 41%    1.7 km
  • Regent Park Public School
    EQAO: Gr 6 reading 77%, math 44%    1.8 km

Secondary

  • Orillia Secondary School
    EQAO: Gr 9 math 42%, literacy test 83%    1.5 km
  • Twin Lakes Secondary School
    EQAO: Gr 9 math 35%, literacy test 85%    2.1 km
  • Patrick Fogarty Secondary School Catholic
    EQAO: Gr 9 math 40%, literacy test 83%    2.3 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area L3V

Owners / renters
70% / 30%
Median household income
$77,500
Average age
46
Children under 15
14%
Homes
67% detached, 5% high-rise
Commute by transit
2%
Population
48,651

Languages spoken most at home besides English: Tagalog (Pilipino, Filipino) 0.2%, Mandarin 0.2%, Yue (Cantonese) 0.2%, Gujarati 0.2%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Crime Severity Index for Orillia (OPP): 102 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by Century 21 B.J. Roth Realty Ltd..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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