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 ***
Features & Amenities
Garage: None
Cooling: No
Heat Type: Water Radiators
Property Details
Property Type
Commercial
Property Sub-Type
Commercial Retail
Lot Size
10,890 Feet
Garage
None
Parking Spaces
10
Heat Type
Water Radiators
Cooling
No
Annual Tax
$7,984
Tax Year
2025
Building & Construction
Building Area Total
4125
Heating & Cooling
Heat Type
Water Radiators
Cooling
No
Parking & Garage
Garage Type
None
Parking Spaces
10
Lot & Land
Lot Size Area
10890.00
Lot Size Units
Feet
Lot Depth
165.00
Lot Width
66.00
Community & Neighborhood
Community Features
Public Transit, Recreation/Community Centre
Financial & Tax
Tax Annual Amount
$7,984
Tax Year
2025
Tax Assessed Value
$338,000
Possession Type
Flexible
Possession Details
Flexible
Utilities & Services
Utilities
Yes
Additional Details
Occupant Type
Tenant
County Or Parish
Simcoe
Cross Street
Robert
Directions
King Street in Midland to #505
Showing Requirements
See Brokerage Remarks, Showing System
Location
505 King Street, Midland, ON L4R 3N5, Midland, ON, L4R 3N5
Listing courtesy ofRoyal LePage In Touch Realty
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