253 King St - Storefront Retail/Residential FOR SALE


Midland, ON L4R 3M4
$849,900 CAD
705-527-7877

NO PHOTO

$849,900 CAD
Storefront Retail/Residential - FOR SALE
null | Request Cap Rate

253 King St
Midland, ON L4R 3M4


OVERVIEW

Don't miss this exceptional chance to own a solid, income-generating building in a high-visibility downtown location just two blocks from Midland's scenic waterfront. This mixed-use property features two built-in residential tenants-one on a month-to-month lease and another under contract until March 2026-along with a vacant ground-floor commercial retail space ready for your business or next tenant. Formerly home to Midland's longest-running bakery, the main floor retail space includes a commercial range hood and commercial bread oven, offering an ideal setup for a food-based business, but also zoned for many permitted uses. At the rear, the property backs onto a public parking lot, ensuring easy access and high foot traffic-a huge plus for commercial tenants. A key upgrade is the new flat roofing system (2022). The second floor features two residential apartments, one of which has been fully renovated with a modern kitchen, new appliances, updated flooring, bathroom & lighting, fixtures, and soaring loft-style ceilings. A great opportunity to relocate your business, start a new venture or add this to your portfolio.

FOR SALE DETAILS

PRICE

$849,900 CAD

PRICE/SF

$205 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

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TENANCY

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SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

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STORIES

2

YEAR BUILT

1920

SPRINKLERS

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PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

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ASK ABOUT THIS PROPERTY

Brad HawkeTeam Hawke RealtyMore Info
705-527-7877

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Brad HawkeTeam Hawke RealtyMore Info
705-527-7877

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.