253 King St Midland, Ontario L4R 3M4
$1,199,000
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:37962)
Property Details
| MLS® Number | S6022755 |
| Property Type | Retail |
| Community Name | Midland |
| Parking Space Total | 2 |
Building
| Bathroom Total | 2 |
| Cooling Type | Fully Air Conditioned |
| Size Interior | 4560 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Irregular | 18 X 175 Ft |
| Size Total Text | 18 X 175 Ft |
https://www.realtor.ca/real-estate/25461348/253-king-st-midland-midland
Broker
(705) 797-8485
443 Bayview Drive
Barrie, Ontario L4N 8Y2
(705) 797-8485
(705) 797-8486
HTTP://www.FarisTeam.ca
Salesperson
(705) 527-1887
531 King St
Midland, Ontario L0K 2E1
(705) 527-1887
(705) 797-8486
HTTP://www.faristeam.ca
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
April 12 2023 10:23:55
Toronto Real Estate Board
Faris Team Real Estate