Here's your chance to own a property that generates passive income. The property is about .25 acres and has an existing building with a wine store and restaurant on the main floor as well as a spacious 2 bedroom apartment above. There is parking along the side and off the back with access from both King Street and Nelson Street. It's in a high traffic area near the downtown core. *** This is land and building only. Existing businesses and tenant will remain ***
Address
505 King Street
List Price
$729,000
MLS® Status
Sold Conditional
Property Type
Commercial
Type of Dwelling
Commercial Retail
Transaction Type
Sale
Area
Midland
Region
Simcoe
Lot Size Source
MPAC
Lot Depth
165
Lot Type
Lot
Lot Size Units
Feet
Lot Width
66
Parcel Number
584710079
Total Building Area
4125
Occupant Type
Tenant
Cross Street
Robert
MLS® Number
S12828144
Listing Brokerage
Royal LePage In Touch Realty
Basement
No
Postal Code
L4R 3N5
Posession Details
Flexible
Parking Spaces
10
Tax Amount
$7,984.00
Tax Year
2025
Site Influences
Public Transit, Recreation/Community Centre
Community Features
Public Transit, Recreation/Community Centre
Standard Status
Active Under Contract
Board Or Association
One Point Association of REALTORS
Heat Type
Water Radiators
Cooling Features
No
Garage Type
None
Tax Legal Description
LT 2 E/S KING ST PL 173 MIDLAND; MIDLAND
Security Features
No
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