Diyana Reich

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234-236 KING STREET, Midland, Ontario

$1,650,000

15,000 Square Feet

Great redevelopment opportunity. Corner lot with lots of exposure. Main floor has 2 vacant commercial units, the larger is divisible to maximize an income. Upgrade floor and new storefront windows. The other 2 floors ready to be renovated with floor plans showing the following 12 - 18 units. 2nd floor has 5 - 1 bedroom units with a study and a 1 bedroom unit. The second floor with the bedrooms and a study being built on a mezzanine with a view down below to the living/dining room area. The 3rd floor has 6 - bedroom units. 18 units possible building in an additional floor with 6 units/floor. 400 amp single phase hydro service and a 200 amp hydro service. Roof replaced approx.12 years ago. The Town of Midland has just finished a Downtown Revitalization Program which makes the location appealing for downtown shopping. Town dock, marina and Trans Canada Trail is located 2 blocks away at the end of King Street. (id:23309)

Listing ID: S8387926
Property Type: Retail

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Details

Transaction: For sale
Zoning Description: DC-F2

Building

Cooling: Fully air conditioned
Fireplace Present: False
Heating: Hot water radiator heat
Heating Fuel: Natural gas
Size Interior: 15000 sqft
Utility Water: Municipal water

Land

Size Frontage: 50 ft
Size Irregular: 50.03 x 99.85 FT

Listing provided by ED LOWE LIMITED
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 234-236 KING STREET in Midland Ontario. It was last modified on May 30th, 2024. Contact Diyana Reich to schedule a viewing or to discover other Midland real estate for sale.

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