Description

Solid commercial building located in the heart of downtown Midland! Offering a total of 2,309 square feet and great visual exposure, this building currently houses one commercial tenant on the main floor, with the potential for a residential apartment on the second and third floor. Open, gravel surface parking on the side of the building. Take the opportunity of owning a great piece of downtown Midland property! Building and Land Only For Sale. (id:66096)

Property Details

MLS®: S12945618
Property Type: Retail
Zoning: DC-F2
Interior Size: 2,309 ft²
Lot Size: 66 × 165 ft (10,858 sq ft)
Frontage: 66 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $7,715.12/yr
Listed: 217 days ago

Market Timing

Days on market

217d

Midland listings, avg age

99d

Price / ft²

$559

List price

$1.29M

Haho

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Area context

Neighbourhood profile (L4R)

This home lists at $1,290,000, about 18.3× the local median household income of $70,500.

Carrying it typically needs a household income of about $251,982 (20% down, 25-yr amortization, stress-tested) — roughly 257% 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)

$1,290,000· $559/ft²

For sale

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365 King Street, Midland - Retail for Sale

Description

Property Details

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Market Timing

Location

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Neighbourhood profile (L4R)

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