March 25, 2024
- 10 min read
509 King Street Midland, Ontario L4R 3N5
$499,000
2400 sqft
BUSINESS OPPURTUNITY FOR THE FUTURE, AND PASSIVE INCOME FOR THE PRESENT. This is a perfect opportunity for passive income with a residential component. The property is about .25 acres and has an existing convenience store on the main floor as well as a 2 bedroom apartment above. There is ample parking and it's in a high traffic area near the downtown core. The convenience store still has a lease until 2028 which should be more than enough to cover your mortgage. The store has a walk in cooler which accesses the bank of refrigerators and a storage room and washroom. If you aspire to own a convenience store, you could run your own store in this location once the lease is up, or renew the lease with the existing store owner. The 2 bedroom apartment will be vacant in early October 2024 and could be renovated and rented or you can stay in the apartment. Seller also owns #505 King Street, right next door so you could buy and own both properties. *** This listing is for land and building only. *** (id:36109)
Property Details
| MLS® Number | 40599936 |
| Property Type | Other |
| AmenitiesNearBy | Hospital, Marina, Public Transit, Schools |
| CommunityFeatures | High Traffic Area |
| Features | Visual Exposure |
Building
| BasementType | None |
| ConstructionMaterial | Concrete Block, Concrete Walls |
| ExteriorFinish | Concrete, Vinyl Siding |
| FoundationType | Poured Concrete |
| StoriesTotal | 2 |
| SizeExterior | 2400.0000 |
| SizeInterior | 2400 Sqft |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Hospital, Marina, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| SizeDepth | 165 Ft |
| SizeFrontage | 66 Ft |
| SizeIrregular | 0.25 |
| SizeTotal | 0.25 Ac|1/2 - 1.99 Acres |
| SizeTotalText | 0.25 Ac|1/2 - 1.99 Acres |
| ZoningDescription | Hc |
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509 King Street
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Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®
Royal LePage In Touch Realty, Brokerage (Honey Harbour)
October 07 2024 06:41:40
