$899,900
FOR SALE

Investment

Lot: 24 x 93 ftTotal Area: 3,552 ft2
2023 Taxes: $5,524

268 King St
Midland, ON L4R 3M3 | Simcoe

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.
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Listed By ROYAL LEPAGE IN TOUCH REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number S8304202
Last Updated Jun 11, 2024
Property Summary
Property Type Investment

More like this:
Use Apartments - 2 to 5 Units
Category Apartment
PIN 584650122
Occupancy Tenant
Possession Date flexible
Taxes (2023) $5,524
Tax Type Annual
Directions/Cross Streets Hugel Ave & King St
Neighbourhood Midland
Area Simcoe
Price History

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Detailed Information
Freestanding Y
Lot 24 x 93 ft
Total Area 3,552 ft2
Air Conditioning N
Garage Type None
Heat Type Gas Hot Water
Utilities Y
Water Municipal
Lot/Bldg/Unit Code Lot
Zoning DC-F2
Seller Property Info Statement N

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