505 KING Street, Midland, Ontario L4R3N5 is For Sale and has a listing price of 1,395,000. The property is located in the Midland neighbourhood. It's been on the website for 8 Days.
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:43137)
| List Date | MLS ID | List Price | Status | End Date | Closed Price |
|---|---|---|---|---|---|
| 09/14/2024 | 40643577 | $1,395,000 | For Sale | - | - |