$1,320,000
Available - For Sale
Listing ID: S13223856
289 King Street , Midland, L4R 3M5, Simcoe
| A rare opportunity to own a landmark mixed-use building in the heart of Midland's historic downtown core. Formerly home to the beloved Uncle Roy's restaurant, this versatile property offers the ideal combination of commercial space and residential income potential. The main-floor commercial space is well suited for a restaurant, café, retail store, professional office, or a variety of other business ventures. Much of the existing restaurant equipment remains on site, providing an excellent opportunity for entrepreneurs looking to establish a new dining destination with reduced start-up costs. The current owner has made substantial investments in updating and improving this historic building while preserving its character and street appeal. The commercial space features modern finishes and a welcoming atmosphere, creating a turnkey opportunity for a wide range of uses. Above the commercial space are two very nicely updated residential apartments, each with separate heat sources, offering the flexibility to live on-site while operating your business below or generate additional rental income from both units. The full basement provides extensive storage and utility space, with partial finishing including drywall, excellent lighting, and a convenient 2-piece washroom. A security gate protects the front entrance, providing added peace of mind when the business is closed. Rear access to the building opens directly onto a municipal parking lot with free public parking, offering convenient access for customers, tenants, and staff. Heat sources include gas powered hot water radiant as well as forced air gas and a heat pump in one of the apartment units. Whether you're an entrepreneur seeking a live-work opportunity or an investor looking for a well-maintained mixed-use property with multiple income streams, this downtown Midland property presents exceptional potential in a high-visibility location. |
| Price | $1,320,000 |
| Taxes: | $12324.62 |
| Tax Type: | Annual |
| Assessment Year: | 2026 |
| Occupancy: | Partial |
| Address: | 289 King Street , Midland, L4R 3M5, Simcoe |
| Postal Code: | L4R 3M5 |
| Province/State: | Simcoe |
| Legal Description: | PT LT 4 E/S KING ST PL 169A MIDLAND AS I |
| Directions/Cross Streets: | King St/Hugel Ave |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 0 | |
| Washroom Type 17 | 0 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 | |
| Washroom Type 21 | 0 | |
| Washroom Type 22 | 0 | |
| Washroom Type 23 | 0 | |
| Washroom Type 24 | 0 | |
| Washroom Type 25 | 0 | |
| Washroom Type 26 | 0 | |
| Washroom Type 27 | 0 | |
| Washroom Type 28 | 0 | |
| Washroom Type 29 | 0 | |
| Washroom Type 30 | 0 | |
| Washroom Type 31 | 0 | |
| Washroom Type 32 | 0 | |
| Washroom Type 33 | 0 | |
| Washroom Type 34 | 0 | |
| Washroom Type 35 | 0 |
| Category: | Store With Apt/Office |
| Building Percentage: | F |
| Total Area: | 5869.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 1439 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area Code: | Sq Ft |
| Area Influences: | Public Transit Recreation/Comm |
| Approximatly Age: | 100+ |
| Financial Statement: | F |
| Chattels: | F |
| Sprinklers: | Yes |
| Washrooms: | 7 |
| Outside Storage: | F |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | Yes |
| Sewers: | Sanitary |
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| Real Broker Ontario Ltd. |
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At a Glance:
| Type: | Com - Store W Apt/Office |
| Area: | Simcoe |
| Municipality: | Midland |
| Neighbourhood: | Midland |
| Approximate Age: | 100+ |
| Tax: | $12,324.62 |
| Baths: | 7 |
| Fireplace: | N |
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