253 King
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$849,900

253 King

Midland, Ontario, L4R3M4

Active
4,882
Sq Ft
2
Parking

About This Property

This retail in Midland offers 4,882 sq ft of living space. The home features baseboard heaters, other heating, partially air conditioned.

MLS Remarks

Don't miss this exceptional chance to own a solid, income-generating building in a high-visibility downtown location just two blocks from Midland's scenic waterfront. This mixed-use property features two built-in residential tenants-one on a month-to-month lease and another under contract until March 2026-along with a vacant ground-floor commercial retail space ready for your business or next tenant. Formerly home to Midland's longest-running bakery, the main floor retail space includes a commercial range hood and commercial bread oven, offering an ideal setup for a food-based business, but also zoned for many permitted uses. At the rear, the property backs onto a public parking lot, ensuring easy access and high foot traffic-a huge plus for commercial tenants. A key upgrade is the new flat roofing system (2022). The second floor features two residential apartments, one of which has been fully renovated with a modern kitchen, new appliances, updated flooring, bathroom & lighting, fixtures, and soaring loft-style ceilings. A great opportunity to relocate your business, start a new venture or add this to your portfolio. (id:60351)

Overview

Property Typeresidential
Sub-Typeretail
StatusActive
MLS #S12478614

Interior

HeatingBaseboard heaters, Other
CoolingPartially air conditioned
AppliancesWasher, Oven, Dryer

Parking

Total Spaces2

Fees & Taxes

Annual Taxes$8,927 (2024)

Listing Information

MLS#: S12478614


Information is deemed reliable but not guaranteed. Data provided by the Canadian Real Estate Association (CREA) through the Data Distribution Facility (DDF). Listing data is updated regularly but may not reflect the most current information. All information should be independently verified.

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Mortgage Calculator

$
$169,980
5%20%50%
Estimated Monthly Payment
$3,779
/month
Mortgage
$679,920
Total Interest
$453,845

For illustration purposes only. Consult a mortgage professional for accurate rates.

Land Transfer Tax

$
Ontario LTT$13,473
Total Due on Closing$13,473

Estimate based on Ontario LTT rates. Consult your lawyer for exact amounts.

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253 King Midland — $849,900 — Not A Dream Realty | Not A Dream Realty