Great redevelopment opportunity. Corner lot with lots of exposure. Main floor has 2 vacant commercial units, the larger is divisible to maximize an income. Upgrade floor and new storefront windows. The other 2 floors ready to be renovated with floor plans showing the following 12 - 18 units. 2nd floor has 5 - 1 bedroom units with a study and a 1 bedroom unit. The second floor with the bedrooms and a study being built on a mezzanine with a view down below to the living/dining room area. The 3rd floor has 6 - bedroom units. 18 units possible building in an additional floor with 6 units/floor. 400 amp single phase hydro service and a 200 amp hydro service. Roof replaced approx.12 years ago. The Town of Midland has just finished a Downtown Revitalization Program which makes the location appealing for downtown shopping. Town dock, marina and Trans Canada Trail is located 2 blocks away at the end of King Street. (id:47421)
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Detailed Information
Lot
50 x 99.83 ft
Listing Contract Date
2024-05-30
Location Description
NW corner of King St and Dominion Ave
Property Type
Retail
Transaction Type
For sale
Zoning Description
DC-F2
Building
Cooling Type
Fully air conditioned
Heating Fuel
Natural gas
Heating Type
Hot water radiator heat
Utility Water
Municipal water
Land
Total Size
50.03 x 99.85 FT
Size of Irregular Land
50.03 x 99.85 FT
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