Positioned at the prominent corner of Mississaga Street and Front Street in the heart of Downtown Orillia, this exceptional investment and development opportunity is ready for your vision. The existing freestanding building offers approximately 5,288 sq. ft. of space, featuring two ground-floor commercial units and an upper-level apartment ideally suited for office, live/work, or residential use. Situated on a substantial lot measuring approximately 140 ft. x 88 ft., the property benefits from dual access points from Front Street and on-site parking for approximately 18 vehicles. Investors and developers will appreciate the significant future potential, including the opportunity for land assembly with neighbouring properties. The surrounding area has seen ongoing intensification and redevelopment, with zoning provisions supporting higher-density residential, mixed-use, commercial, and retail developments. The C1 zoning permits a wide range of uses, including professional offices, retail stores, restaurants, bakeries, convenience stores, financial institutions, entertainment venues, and many other commercial applications. Strategically located within walking distance of Downtown Orillia amenities, the Port of Orillia, hotels, restaurants, waterfront attractions, recreation trails, and major retail destinations, this property offers outstanding exposure, accessibility, and long-term growth potential in one of Central Ontario's most dynamic urban markets.