253 King St Midland, Ontario L4R 3M4

2 Bathroom 4560 sqft
Fully Air Conditioned


Top 5 Reasons You Will Love This Property: 1) Incredible Investment Opportunity With A Proven Commercial Tenant Under Contract For 3 Years In The Heart Of Downtown Midland, Home Of Ontario's Best Butter Tart Festival 2) Two Upper Level 2 Bedroom Apartments, Currently Tenant Free, One Owner Occupied, And One Currently Run As A Successful Airbnb, Ideal For Either Short Or Long-Term Rentals 3) 2 Driveway Parking Spaces, A New Roof (November 2022) On The Building And Garage, And Great Potential For A Cashflow Opportunity 4) Sought-After Location Within Walking Distance To The Waterfront, Walking Trails, And A Variety Of In-Town Amenities 5) Abundance Of Potential For Outdoor Activities On The Water Including Boating, Swimming, Kayaking, And So Much More. Age 100. Visit Our Website For More Detailed Information.**** EXTRAS **** 1) Commercial Current Lease $4,500/Month Taxes Included + Utilities 2) Apartment 1 Air Bnb Averaged $2,620/Month In 2022 3) Apartment 2 (Currently Owner Occupied) Estimated Air Bnb Potential $1,750/Month. 4-6% Cap Rate. (id:48303)

Property Details

MLS® Number S6022755
Property Type Retail
Community Name Midland
Parking Space Total 2


Bathroom Total 2
Cooling Type Fully Air Conditioned
Size Interior 4560 Sqft
Utility Water Municipal Water


Acreage No
Size Irregular 18 X 175 Ft
Size Total Text 18 X 175 Ft



Contact us for more information

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Faris Team Real Estate
443 Bayview Drive
Barrie, Ontario L4N 8Y2

(705) 797-8485
(705) 797-8486

Faris Team Real Estate
531 King St
Midland, Ontario L0K 2E1

(705) 527-1887
(705) 797-8486

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