$699,000
Available - For Sale
Listing ID: S12299236
268 King Stre , Midland, L4R 3M3, Simcoe
| 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. |
| Price | $699,000 |
| Taxes: | $8299.89 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 268 King Stre , Midland, L4R 3M3, Simcoe |
| Postal Code: | L4R 3M3 |
| Province/State: | Simcoe |
| Legal Description: | PT LT 10 W/S KING ST PL 306 BEING PT 1 5 |
| Directions/Cross Streets: | Hugel Ave & King St |
| 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: | Retail |
| Use: | Retail Store Related |
| Building Percentage: | F |
| Total Area: | 3612.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 1806 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area Code: | Sq Ft |
| Area Influences: | Major Highway |
| Approximatly Age: | 100+ |
| Financial Statement: | F |
| Chattels: | F |
| Franchise: | F |
| Days Open: | V |
| Sprinklers: | Yes |
| Washrooms: | 0 |
| Rail: | N |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | No |
| Sewers: | Sanitary+Storm |
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Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Simcoe |
| Municipality: | Midland |
| Neighbourhood: | Midland |
| Approximate Age: | 100+ |
| Tax: | $8,299.89 |
| Fireplace: | N |
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