505 King Street, Midland, Ontario, L4R3N5




$699,000
Midland
This retail property in Midland is for sale offering roughly 4,125 sq ft of space.
Here's your chance to own a property that generates passive income. The property is about .25 acres and has an existing building with a wine store and restaurant on the main floor as well as a spacious 2 bedroom apartment above. There is parking along the side and off the back with access from both King Street and Nelson Street. It's in a high traffic area near the downtown core. *** This is land and building only. Existing businesses and tenant will remain *** (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 250 days on market, against an average age of 99 days across the listings currently for sale in this city
This retail in Midland is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $699,000, about 9.9× the local median household income of $70,500.
Carrying it typically needs a household income of about $136,539 (20% down, 25-yr amortization, stress-tested) — roughly 94% above the area median.
Source: Statistics Canada, 2021 Census (FSA L4R)
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