$899,900
268 King ST Midland, ON L4R 3M3
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$899,900
Est. payment /mo
3,552 SqFt
Active
268 King ST Midland, ON L4R 3M3
UPDATED:
10/19/2024 05:52 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 3,552 sqft
Price per Sqft $253
MLS Listing ID S8304202
Annual Tax Amount $5,524
Tax Year 2023
Property Description
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.
Location
Province ON
County Simcoe
Area Midland
Interior
Cooling No
Exterior
Utilities Available Yes
Parking Type None
Listed by ROYAL LEPAGE IN TOUCH REALTY
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