313 Midland Avenue

Midland, ON

MLS® 40615172

For sale
$1,340,000

Steps from the shore of Georgian Bay in Midland's bustling downtown sits this 11 unit, fully tenanted multi-res building. This 3 storey structure features an assortment of layouts and updated spaces, with 4 units on each of the first two floors, and 3 units on the third floor. High historical demand for these dwellings suggests a prospective investor may expect stable income, at a cap rate of 6.5%. When properly configured, the parking area allows for a minimum of 8-10 vehicles. The basement contains multiple storage units, a laundry area, a modest office, utility rooms, and a workshop which could be converted for other applications (including residential). Most units enjoy forced air heat, except two which use electric baseboard. Tenants run their own air conditioning units in warmed months. Reach out today for more information on this excellent investment opportunity
Property Details
Parking Total
8
Property Type
Commercial
Community Features
Irregular Lot
Ample Parking
City Lot
Marina
Schools
Building
Basement Type
Crawl Space
Building Type
Mixed
Building and Land
Construction Materials
Block
Metal/Steel Siding
Vinyl Siding
Security Features
Security System
Sewer
Sewer (Municipal)
Stories
3
Electric
Single Phase
Water Source
Municipal
Building Amenities
High Speed Internet
Land
Lot Depth
175.06 ft
Lot Front
63.23 ft
Lot Size Area
10828.48
Acres
< 0.5 Acres
Zoning
DC-F2
Walk Score
Realty Executives On The Bay Inc. Brokerage
Forest Hill Real Estate Inc. Brokerage (Unit A)

Similar Listings

758 Yonge Street
Midland, ON L4R 2E5
$649,900
Parker Coulter Realty Brokerage Inc.
620 Bay Street
Midland, ON L4R 1L6
$799,900
Faris Team Real Estate Brokerage
Faris Team Real Estate Brokerage (Midland)
276 King Street
Midland, ON L4R 3M6
$850,000
Keller Williams Experience Realty, Brokerage (255 King St)
268 King Street
Midland, ON L4R 3M3
$899,900
Royal LePage In Touch Realty, Brokerage (Hwy 93 - Unit 200)
342 King Street
Midland, ON L4R 3M8
$649,900
Keller Williams Experience Realty, Brokerage (Unit B)
290 King Street
Midland, ON L4R 3M6
$2,100,000
RE/MAX Georgian Bay Realty Ltd., Brokerage (King St - Unit B)

Data is provided courtesy of © 2024 Information Technology Systems Ontario Inc.

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Not intended to solicit Sellers or Buyers currently under written contract with another REALTOR®. All measurements are approximate deemed to be from reliable sources, however buyer and buyer's agent to do their own due diligence. All information is deemed reliable but not guaranteed.

Listing ID: 151789248
Last Updated: 2024-07-08 13:28:13