40 Peter Street S, Orillia, ON L3V 5A9
Orillia · Near Colborne St E and Peter St S · View map
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.
The home
- Type
- Office
- Square footage
- 3958 sq ft
- Lot size
- 107.9 x 123.8 ft
- Approximate age
- 16-30 years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Closed
- Air conditioning
- Yes
Garage & parking
- Driveway spaces
- 10
- Total parking
- 10
Taxes & other
- Property taxes
- $21,828/yr
- Tax year
- 2026
- Occupancy
- Owner
- Possession
- 60-89 days
- Cross street
- Colborne St E and Peter St S
- Neighbourhood
- Orillia
More
- MLS® number
- S13808702
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
40 Peter Street, Orillia, ON L3V 5A9
Orillia · Near Colborne St E and Peter St S
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Listing history for 40 Peter Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 40 Peter Street S
Answers come straight from this home’s MLS® listing.
How much is 40 Peter Street S listed for, and what would it cost each month?
40 Peter Street S is listed for $1,495,000. With 20% down ($299,000), the mortgage payment would be roughly $6,030 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $7,849 a month, all in. That figure is an illustration, not a quote.
Is 40 Peter Street S freehold or a condo, and is there a monthly fee?
40 Peter Street S is a office in Orillia. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 40 Peter Street S have a garage and parking?
The listing does not show a garage. The driveway adds 10 spaces. In total the listing counts 10 parking spaces.
What style of home is 40 Peter Street S?
40 Peter Street S is an office. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 40 Peter Street S, and what is the lot size?
The lot is listed as 107.9 x 123.8 ft.
How is 40 Peter Street S heated and cooled?
Heating is gas forced air closed. Cooling is yes.
What are the property taxes for 40 Peter Street S?
Property taxes are $21,828 a year (2026), or about $1,819 a month.
Where is 40 Peter Street S?
40 Peter Street S is in Orillia. The nearest main intersection is Colborne St E and Peter St S. The postal code is L3V 5A9.
Is 40 Peter Street S still for sale?
Yes. It is an active listing (MLS® S13808702). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 40 Peter Street S asking?
Similar properties for sale nearby right now include 2 Front Street S at $1,499,999, 184 Borland Street E at $1,500,000 and 195 James Street W at $1,390,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 40 Peter Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 40 Peter Street S?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
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Industrial$1,390,000195 James Street W, OrilliaOrilliaCourtesy of: Royal LePage QuestView home →Courtesy of: Century 21 B.J. Roth Realty Ltd.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.