268 King St
Midland, L4R3M3
For Sale
$929,900
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Apartment
CATEGORY3,552 Sq Ft
TOTAL AREAS8304202
MLSIDContact Us
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.
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Property Details
Category
Apartment
Usage
Apts-2 To 5 Units
Zoning
Dc-F2
Total Area
3,552 Sq Ft
Lot Size
24' x 93'
Taxes
$5,524 (2023)
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Listing contracted with Royal Lepage In Touch Realty
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