268 King St, Midland MLS Number: S8304202
Midland, Simcoe, ON, L4R 3M3$899,900
Status: For Sale
- Property Type: Commercial (Investment)
- Property Taxes : $5524.00 (Tax Year:2023)
- Listing Courtesy : Royal Lepage In Touch Realty
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$899,900
Status: For Sale
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.
Property Type | :Commercial |
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MLS Number | :S8304202 |
Listing Type | :Sale |
Possession Date | : |
Last Updated | :19 Oct, 2024 (22 Days ago) |
Source | :TRREB |
Area | :Simcoe |
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Postal Code | : L4R 3M3 |
Price | : $899,900 |
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Property Taxes | :$5524.00 |
Tax Year | :2023 |
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Cross Street | :Hugel Ave & King St |
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Virtual Tour | :Virtual Tour (External Link) |
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11 Jun, 2024
TREB #S8304202
Available
$899900.0
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