<-- style PDP --> 509 King Street, Midland - Store with Apt/Office,Building and Land for sale for $499,000
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    Home Midland East of King Street 509 King Street 40599936
    Store with Apt/Office,Building and Land sold at 509 King Street, Midland, ON, L4R 3N5 - East of King Street - MLS: 40599936
    Store with Apt/Office,Building and Land sold at 509 King Street, Midland, ON, L4R 3N5 - East of King Street - MLS: 40599936
    Store with Apt/Office,Building and Land sold at 509 King Street, Midland, ON, L4R 3N5 - East of King Street - MLS: 40599936
    Store with Apt/Office,Building and Land sold at 509 King Street, Midland, ON, L4R 3N5 - East of King Street - MLS: 40599936
    Store with Apt/Office,Building and Land sold at 509 King Street, Midland, ON, L4R 3N5 - East of King Street - MLS: 40599936
    Store with Apt/Office,Building and Land sold at 509 King Street, Midland, ON, L4R 3N5 - East of King Street - MLS: 40599936
    Store with Apt/Office,Building and Land sold at 509 King Street, Midland, ON, L4R 3N5 - East of King Street - MLS: 40599936
    Store with Apt/Office,Building and Land sold at 509 King Street, Midland, ON, L4R 3N5 - East of King Street - MLS: 40599936
    Store with Apt/Office,Building and Land sold at 509 King Street, Midland, ON, L4R 3N5 - East of King Street - MLS: 40599936
    • sold

    509 King Street

    Midland, ON, L4R 3N5 - East of King Street

    $499,000$000000

    • Neighbourhood

      East of King Street

    • Major Intersection

    • Listed Since: 696 day(s)

    • Last update: 550 day(s) ago

    Overview

    • Property Type

      Store with Apt/Office,Building and Land, Commercial Sale

    • Bedrooms

      n/a

    • Bathrooms

      n/a

    • Basement

      None

    • Kitchen

      n/a

    • Total Parking

      n/a

    • Lot Size

      66.00x165 (Acres)

    • Taxes

      $6,095.01 (2023)

    • Type

      Commercial

    Property Description

    Property description for 509 King Street, Midland

    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. ***

    Listed by Royal LePage In Touch Realty, Brokerage (Honey Harbour)

    Property details
    Map

    • MLS #

      40599936

    • Sq. Ft

      2400

    • Sq. Ft. Source

      MLS

    • Lot Irregularities

      n/a

    • Year Built

      Available Upon Request

    • Pool

      n/a

    • Drive

      n/a

    • Garage

      n/a

    • Total Parking

      n/a

    • Family Room

      n/a

    • Den

      n/a

    • Exterior

      Block, Vinyl Siding

    • Fireplace

      n/a

    • Roof

      n/a

    • Foundation

      Poured Concrete

    • Elevator

      n/a

    • Water View

      n/a

    • Laundry Level

      n/a

    • Heat

      n/a

    • A/C

      n/a

    • Water

      Municipal

    • Water Supply

      n/a

    • Sewers

      n/a

    • Central Vac

      n/a

    • MLS #

      40599936

    • Sq. Ft

      2400

    • Sq. Ft. Source

      MLS

    • Lot Irregularities

      n/a

    • Year Built

      Available Upon Request

    • Pool

      n/a

    • Drive

      n/a

    • Garage

      n/a

    • Total Parking

      n/a

    • Family Room

      n/a

    • Den

      n/a

    • Exterior

      Block, Vinyl Siding

    • Fireplace

      n/a

    • Roof

      n/a

    • Foundation

      Poured Concrete

    • Elevator

      n/a

    • Water View

      n/a

    • Laundry Level

      n/a

    • Heat

      n/a

    • A/C

      n/a

    • Water

      Municipal

    • Water Supply

      n/a

    • Sewers

      n/a

    • Central Vac

      n/a

    Thinking of Selling?

    Find Out Your Home’s Value in Today’s Market!

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    Contact Manoj Kukreja

    Sales Representative,
    Century 21 People’s Choice Realty Inc.,
    Brokerage
    (647) 576 - 2100

    Manoj profile avatar

    Mortgage Calculator

    This data is for informational purposes only.

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    Total Payable

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    Closing Cost Calculator

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    Closing Cost Total for this property

    Total Cash flow for purchasing this property

    Down Payment(%)*
    Additional information

    Provincial Land Transfer Tax

    Ontario Land Transfer Tax Rebate

    Toronto Land Transfer Tax

    Toronto Land Transfer Tax Rebate

    PST on CMHC Insurance Premium

    Lawyer Fees

    $2,825

    Government Registration Fee's

    $164

    Title Insurance

    Closing Cost Total

    Total Cash flow for purchasing this property

    Provincial Land Transfer Tax

    Ontario Land Transfer Tax Rebate

    Toronto Land Transfer Tax

    Toronto Land Transfer Tax Rebate

    PST on CMHC Insurance Premium

    Lawyer Fees

    $2,825

    Government Registarion Fee's

    $164

    Title Insurance

    Down Payment(%)*

    * A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

    Thinking of Selling?

    Find Out Your Home’s Value in Today’s Market!

    No Email or Signup is required to view your home estimate.

    estimate your home value

    Contact Manoj Kukreja

    Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
    (647) 576 - 2100

    Manoj profile avatar

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