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$699,000
Available - For Sale
Listing ID: S12299236
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.
Price $699,000
Taxes: $8,299.89
Tax Type: Annual
Occupancy by: Tenant
Address: 268 King Stre , Midland, L4R 3M3, Simcoe
Postal Code: L4R 3M3
Province/State: Simcoe
Legal Description: PT LT 10 W/S KING ST PL 306 BEING PT 1 5
Directions/Cross Streets: Hugel Ave & King St
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Washroom 16:  0
Washroom 17:  0
Washroom 18:  0
Washroom 19:  0
Washroom 20:  0
Washroom 21:  0
Washroom 22:  0
Washroom 23:  0
Washroom 24:  0
Washroom 25:  0
Washroom 26:  0
Washroom 27:  0
Washroom 28:  0
Washroom 29:  0
Washroom 30:  0
Category: Retail
Use: Retail Store Related
Building Percentage: F
Total Area: 3,612
Total Area Code:  Square Feet
Office/Appartment Area: 1806
Office/Appartment Area Code: Sq Ft
Retail Area Code: Sq Ft
Area Influences: Major Highway  
Approximatly Age: 100+
Financial Statement: F
Chattels: F
Franchise: F
Days Open: V
Maintenance: 0
Sprinklers: Yes
Rail: N
Heat Type: Gas Forced Air Close
Central Air Conditioning: No
Sewers: Sanitary+Storm
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EXP REALTY

268 King Stre , Midland, L4R 3M3, Simcoe


 
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At a Glance:
Type: Com - Commercial Retail
Area: Simcoe
Municipality: Midland
Neighbourhood: Midland
Style:
Lot Size: x 79.90(Feet)
Approximate Age: 100+
Tax: $8,299.89
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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