$549,900

For sale

206 Fourth Street, Midland - Retail for Sale

206 Fourth Street, Midland, Ontario, L4R3T4

2 baths1,831 ft²50 × 94 ft (4,643 sq ft) lot sizeListed 69 days ago

Overview

This retail property in Midland is for sale offering roughly 1,831 sq ft of space. It has been on the market 69 days, fresher than the Midland average of 99 days.

Retail Space for Sale in Midland →All real estate in Midland →

Description

Make a move towards success with this fantastic opportunity to own a well-situated commercial building in a prime location, offering excellent visibility and convenient access.The building features numerous recent upgrades, including newer windows that flood the workspace with natural light and a fully waterproofed basement for additional storage. Additional improvements include a newer furnace, newer roof, updated wiring and plumbing, newer siding, garage door, and a irrigation system. Also included is a modern 2-bedroom apartment, offering the option for on-site living or additional rental income. Secure this upgraded, versatile building with strong income potential in a sought-after location. An excellent opportunity to elevate your business or investment portfolio. The Seller is willing to stay as a Tenant or Negotiate Potentially Selling Business to a New Buyer (Separate from Sale of Building) Lots of Possibilities Available! (id:66096)

Property Details

MLS®: S13719220
Property Type: Retail
Zoning: R3
Bathrooms: 2
Interior Size: 1,831 ft²
Lot Size: 50 × 94 ft (4,643 sq ft)
Frontage: 50 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Garage: Other
Property Tax: $4,817.3/yr
Listed: 69 days ago

Features

Appliances: Washer, Central Vacuum, Dryer

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

69d

Midland listings, avg age

99d

Price / ft²

$300

List price

$550K

Haho

This retail in Midland has been listed for 69 days, which is 30 days fresher than the city average of 99. Act while there is still low competition.

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Listed by Keller Williams Experience Realty · SHELBY GREENLAW

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4R)

This home lists at $549,900, about 7.8× the local median household income of $70,500.

Carrying it typically needs a household income of about $107,415 (20% down, 25-yr amortization, stress-tested) — roughly 52% 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)

$549,900· $300/ft²

For sale

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Financing

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