290 KING Street, Midland - Business for Sale
290 KING Street, Midland, Ontario, L4R3M6
This business in Midland is for sale offering roughly 5,800 sq ft of space.
Description
Prime investment opportunity in Downtown Midland! If you're looking for a smart investment with great exposure, this is it! Located in the heart of Downtown midland, this fully renovated commercial building stands out as one of the finest in the area. With seven separate units and over 8,000 sq. ft. of space, including a basement, this property offers strong income potential with long-term tenants already in place. Renovated top to bottom in 2017, this building is turnkey and ready to go. Radiant heat, central air, alarm system and more... Convenient parking at the rear and walking distance to shops, restaurants, and beautiful Georgian Bay make this a highly desirable location for businesses and tenants alike. A rare opportunity at a great price! (id:66096)
Property Details
- MLS®
- S12915812
- Property Type
- Business
- Business Type
- Service
- Zoning
- DC-F2
- Interior Size
- 5,800 ft²
- Lot Size
- 23 acres
- Heating
- Radiant heat
- Cooling
- Fully air conditioned
- Property Tax
- $19,125.87/yr
- Listed
- 225 days ago
Services
- Water
- Municipal water
- Sewer
- Sanitary sewer
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 225 days on market, against an average age of 99 days across the listings currently for sale in this city
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Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L4R)
This home lists at $2,099,777, about 29.8× the local median household income of $70,500.
Carrying it typically needs a household income of about $410,160 (20% down, 25-yr amortization, stress-tested) — roughly 482% above the area median.
- Median household income
- $70,500
- Population
- 19,245
- Median age
- 50.4
- Owner / renter
- 68% / 32%
- Avg. household size
- 2.2
Source: Statistics Canada, 2021 Census (FSA L4R)
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$2,099,777
Midland