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$899,900
Available - For Sale
Listing ID: S8304202
Land and Building only. 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 $899,900
Taxes: $5,524
Tax Type: Annual
Occupancy by: Tenant
Address: 268 King St , Midland, L4R 3M3, Ontario
Postal Code: L4R 3M3
Province/State: Ontario
Lot Size: 24 x 93 (Feet)
Directions/Cross Streets: Hugel Ave & King St
Zoning: DC-F2
Category: Apartment
Use: Apts-2 To 5 Units
Building Percentage: Y
Total Area: 3,552
Total Area Code:  Sq Ft
Heat Type: Gas Hot Water
Central Air Conditioning: N
Water: Municipal
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ROYAL LEPAGE IN TOUCH REALTY

268 King St , Midland, L4R 3M3, Ontario


 
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Type: Com - Investment
Area: Simcoe
Municipality: Midland
Neighbourhood: Midland
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Lot Size: 24.00 x 93.00(Feet)
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Tax: $5,524
Maintenance Fee: $0
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