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268 King Street, Midland, ON, L4R 3M3

MLS® # 40578252
Commercial For Sale In Midland, Ontario
$899,900
268 King Street, Midland, ON
268 King Street, Midland, ON
268 King Street, Midland, ON
268 King Street, Midland, ON
268 King Street, Midland, ON
268 King Street, Midland, ON
268 King Street, Midland, ON
268 King Street, Midland, ON
268 King Street, Midland, ON
268 King Street, Midland, ON
268 King Street, Midland, ON
268 King Street, Midland, ON
268 King Street, Midland, ON
268 King Street, Midland, ON
268 King Street, Midland, ON
268 King Street, Midland, ON
268 King Street, Midland, ON
268 King Street, Midland, ON
268 King Street, Midland, ON
268 King Street, Midland, ON
268 King Street, Midland, ON
268 King Street, Midland, ON
268 King Street, Midland, ON
268 King Street, Midland, ON
268 King Street, Midland, ON
268 King Street, Midland, ON
268 King Street, Midland, ON
268 King Street, Midland, ON
268 King Street, Midland, ON
268 King Street, Midland, ON
268 King Street, Midland, ON
268 King Street, Midland, ON
268 King Street, Midland, ON
268 King Street, Midland, ON
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ACTIVE
268 King Street, Midland, ON, L4R 3M3
$899,900

Property Information:

This fully-leased commercial building in Downtown Midland, located in the vibrant setting of Georgian Bay, presents an exceptional investment opportunity. The property comprises three units, with a main floor housing a thriving Health Food Store and two residential units above. These apartments include a spacious 3-bedroom, 2-bathroom unit and a comfortable 2-bedroom, 2-bathroom unit, ensuring a diverse and stable rental income stream. With its current rents and long-term lease agreements, this property offers a compelling return on investment that is expected to endure for years to come. The building enjoys prominent visibility along King St and access from Hugel Ave, attracting high volumes of both drive-by and walk-in traffic. Its strategic location in the heart of the downtown core positions it for continued growth and success. Furthermore, the recent complete renewal of the streetscape in 2020 by the Town of Midland enhances the property's appeal and value. This, coupled with Midland's reputation as a fast-growing and picturesque town, makes this property a highly desirable asset for any investor looking for long-term rental income in a thriving community.

Property Features:

  • Bedrooms: 0
  • Acres Range: < 0.5
  • Basement: Full
  • Lot Features: City Lot, High Traffic Area, Marina, Public Transit, Schools
  • Lot Frontage: 24.00 Feet
  • Water Source: Municipal
  • Zoning: DC-F2
  • Sewer: Sewer (Municipal)

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 268 King Street, Midland, ON, L4R 3M3

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

31 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

31 hot days expected in 2050

45/100

Moderate

ClimateCheck®

Current data

This property, 268 King Street , experiences 7 hot days per year at around 30.2 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 31 hot days at 33.7 degrees Celsius.

Projected Avg. Temperature

Past
30.2℃
2050
33.7℃

# Hot Days Per Year

Past
7
2050
31

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

67/100

Moderate-High

ClimateCheck®

Current data

This property, 268 King Street , experiences 11 significant 2-day storms per year, with about 322.5mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 411mm of precipitation per year.

Precipitation Per Storm

Past
322.5mm
2050
411mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 268 King Street, Midland, ON, L4R 3M3

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$72,249.69

Average Number of Children

1.58

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

22.17 %

High school certificate or equivalent

33.84 %

Apprenticeship trade certificate/diploma

8.23 %

College/non-university certificate

23.24 %

University certificate (below bachelor)

0.06 %

University Degree

12.45 %

Commuter

Travel To Work

By Car

71.61 %

By Public Transit

0.0 %

By Walking

23.05 %

By Bicycle

0.02 %

By Other Methods

5.32 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

46.85 %

Houses

53.15 %

Own Vs. Rent

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