This retail property in Midland is for sale offering roughly 8,570 sq ft of space. It has been on the market 48 days, fresher than the Midland average of 99 days.
What could you create on approximately 1.63 acres in the heart of Midland?Positioned just steps from Georgian Bay, 67 Fourth Street presents a rare opportunity for builders, developers and investors to transform a prominent site in one of Simcoe County's growing waterfront communities.Formerly home to the Town of Midland Parks Depot, the property includes existing structures (8500 and 2600 sqft approx) and benefits from excellent visibility, convenient access and proximity to downtown Midland, the waterfront, a large marina, boat launch, parks, trails, shopping, dining and essential community amenities.Currently zoned Institutional, the site offers compelling redevelopment possibilities, subject to the necessary planning and municipal approvals. Imagine a vibrant mixed-use development featuring street-level commercial space with residential apartments above, an adaptive-reuse project, or another thoughtfully designed concept that capitalizes on the property's size, exposure and desirable location.Bring your plans. Unlock the site's potential. Build something that stands out.Buyers are encouraged to conduct their own due diligence regarding their proposed use of the property, including applicable zoning and Official Plan policies, permitted uses, redevelopment potential, building height and density, setbacks, parking, servicing, environmental considerations, development charges and all required municipal approvals. (id:66096)
Property Details
MLS®
S13797984
Property Type
Retail
Zoning
I
Interior Size
8,570 ft²
Lot Size
1.26 acres
Frontage
360 ft
Heating
No heat
Cooling
None
Garage
Other
Property Tax
$3,081/yr
Listed
48 days ago
Features
Lot Features
Irregular lot size
Services
Water
Municipal water
Sewer
Sanitary sewer
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
48d
Midland listings, avg age
99d
Price / ft²
$93
List price
$800K
Long Listed: 48 days on market, against an average age of 99 days across the listings currently for sale in this city
Market timing · days on market0 → 99d avg age of current listings
Long Listed · day 48
Haho
This retail in Midland has been listed for 48 days, which is 51 days fresher than the city average of 99. Act while there is still low competition.
Listed by Real Broker Ontario Ltd. · LORRAINE JORDAN
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (L4R)
This home lists at $800,000, about 11.3× the local median household income of $70,500.
Carrying it typically needs a household income of about $156,268 (20% down, 25-yr amortization, stress-tested) — roughly 122% 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)
$800,000· $93/ft²
For sale
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