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268 King Street Midland, Ontario L4R 3M3

3612 sqft
Forced Air

$769,000

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. (id:41954)

Business

Business Type Retail and Wholesale
Business Sub Type Retail misc.

Property Details

MLS® Number S12299236
Property Type Retail
Community Name Midland
Amenities Near By Highway
Parking Space Total 2

Building

Age 100+ Years
Heating Fuel Natural Gas
Heating Type Forced Air
Size Interior 3612 Sqft
Utility Water Municipal Water

Land

Acreage No
Land Amenities Highway
Size Depth 79 Ft ,10 In
Size Frontage 24 Ft
Size Irregular 24 X 79.9 Ft
Size Total Text 24 X 79.9 Ft
Zoning Description Dc-f2

https://www.realtor.ca/real-estate/28636502/268-king-street-midland-midland

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