268 King Street , Midland, ON L4R 3M3
Midland, ON L4R 3M3
Description
This fully-leased commercial building in Downtown Midland, located in the vibrant setting of Georgian Bay, presents an exceptional investment opportunity. The property comprises three units, with a main floor housing a thriving Health Food Store and two residential units above. These apartments include a spacious 3-bedroom, 2-bathroom unit and a comfortable 2-bedroom, 2-bathroom unit, ensuring a diverse and stable rental income stream. With its current rents and long-term lease agreements, this property offers a compelling return on investment that is expected to endure for years to come. The building enjoys prominent visibility along King St and access from Hugel Ave, attracting high volumes of both drive-by and walk-in traffic. Its strategic location in the heart of the downtown core positions it for continued growth and success. Furthermore, the recent complete renewal of the streetscape in 2020 by the Town of Midland enhances the property's appeal and value. This, coupled with Midland's reputation as a fast-growing and picturesque town, makes this property a highly desirable asset for any investor looking for long-term rental income in a thriving community.
Details
| MLS# | 40578252 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 160 |
| Listing Provided By | Royal LePage In Touch Realty, Brokerage (Hwy 93 - Unit 200) | Aaron Pauze |
Features
| SQ Feet | 3,552 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Zoning | DC-F2 |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Simcoe County |
| City | Midland |
| Postal Code | L4R 3M3 |
| Area | MD Midland |
| Subarea | MD02 West of King Street |
| Community Name | MD02 West of King Street |
| Listing VS Median (in MD02 West of King Street) | |
Price: $899,900 low | high Med: $559,777 SqFt: 3,552 low | high Med: 2,000 $ / SqFt: $253 low | high Med: $280 On Site: 160 low | high Med: 133.000000 | |