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Type: Investment
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Property Type: Commercial
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Business Type: Apts-2 To 5 Units
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Zoning: DC-F2
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Age: No Data
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Taxes: 5524
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MLS®#: S8304202
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Days on Site: 169 Days
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Added: May 03, 2024 (6 months ago)
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Updated:
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Last Checked: 9 hours ago
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Listed By: ROYAL LEPAGE IN TOUCH REALTY
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
Status: Sale
Type: Apts-2 To 5 Units
Property Type: Investment
Property Type: Apartment
Area: Midland
Community: Midland
Availability Date: flexible
Inside
Air Conditioning: N
Utilities
Utilities: Yes
Building
Heat Type: Gas Hot Water
Freestanding: Y
Water Supply: Municipal
Parking
Garage Type: None
Fees
Tax Year: 2023
Taxes: $5,524
Taxes Type: Annual
Land
Cross Street: Hugel Ave & King St
Municipality District: Midland
Parcel Number: 584650122
Lot Depth: 93 Feet
Lot Frontage: 24 Feet
Zoning: DC-F2
Additional Media
- Virtual Tour: https://tours.exit509photography.com/public/vtour/display/2237962#!/
Commercial Specific
Total Area: 3552
Total Area Metric: Sq Ft
Lot Code: Lot
St Ann's Separate School
Elementary: CatholicSacred Heart School
Elementary: CatholicMonsignor Castex Separate School
Elementary: CatholicBayview Public School
Elementary: PublicHuron Park Public School
Elementary: PublicMundy's Bay Elementary Public School
Elementary: PublicGeorgian Bay District Secondary School
Secondary: PublicNorth Simcoe Campus
Secondary: PublicÉcole secondaire Le Caron
Secondary: PublicStayner Collegiate Institute
Secondary: PublicElmvale District High School
Secondary: PublicSt Theresa's Separate School
Secondary: Catholic
