$899,900
( $253.35Per Sq Foot )
 $4,831 est/mo Sourced by Back At You

268 King Street , Midland, ON L4R 3M3

Midland, ON L4R 3M3

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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 TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site89
Listing Provided ByRoyal LePage In Touch Realty, Brokerage (Hwy 93 - Unit 200) | Aaron Pauze

Features

SQ Feet3,552
BasementY
Story(s)2
ZoningDC-F2
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 1 minute ago
ProvinceON
CountySimcoe County
CityMidland
Postal CodeL4R 3M3
AreaMD Midland
SubareaMD02 West of King Street
Community NameMD02 West of King Street
Listing VS Median (in MD02 West of King Street)
Price:
$899,900
low | high
Med:
$592,000
84.214912768085% of Average
SqFt:
3,552
low | high
Med:
1,269
100% of Average
$ / SqFt:
$253
low | high
Med:
$475
37.642870844112% of Average
On Site:
89
low | high
Med:
313.500000
28.389154704944% of Average
Sourced by Back At You
Listing Updated: June 11, 2024 at 2:54:32 PM PDT