289 King Street,Midland, ON L4R 3M5
Midland, ON L4R 3M5
Description
A rare opportunity to own a landmark mixed-use building in the heart of Midland's historic downtown core. Formerly home to the beloved Uncle Roy's restaurant, this versatile property offers the ideal combination of commercial space and residential income potential. The main-floor commercial space is well suited for a restaurant, café, retail store, professional office, or a variety of other business ventures. Much of the existing restaurant equipment remains on site, providing an excellent opportunity for entrepreneurs looking to establish a new dining destination with reduced start-up costs. The current owner has made substantial investments in updating and improving this historic building while preserving its character and street appeal. The commercial space features modern finishes and a welcoming atmosphere, creating a turnkey opportunity for a wide range of uses. Above the commercial space are two very nicely updated residential apartments, each with separate heat sources, offering the flexibility to live on-site while operating your business below or generate additional rental income from both units. The full basement provides extensive storage and utility space, with partial finishing including drywall, excellent lighting, and a convenient 2-piece washroom. A security gate protects the front entrance, providing added peace of mind when the business is closed. Rear access to the building opens directly onto a municipal parking lot with free public parking, offering convenient access for customers, tenants, and staff. Heat sources include gas powered hot water radiant as well as forced air gas and a heat pump in one of the apartment units. Whether you're an entrepreneur seeking a live-work opportunity or an investor looking for a well-maintained mixed-use property with multiple income streams, this downtown Midland property presents exceptional potential in a high-visibility location.
Details
| MLS # | S13223856 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 98 |
| Listing Provided By | Real Broker Ontario Ltd. | S13223856 563605 |
Features
| Bath(s) | 7 |
|---|---|
| SQ Feet | 5,869 |
| Acreage | 0.13 |
Interior
| Cooling | Yes |
|---|
Exterior
| Community Features | Public Transit, Recreation/Community Centre |
|---|---|
| Security Features | Yes |
Utilities
| Utilities | Yes |
|---|---|
| Sewer | Sanitary |
Taxes
| Tax Annual Amount | 12324.62 |
|---|---|
| Tax Assessed Value | 416000 |
| Tax Type | Annual |
| Tax Legal Description | PT LT 4 E/S KING ST PL 169A MIDLAND AS IN RO1117132; MIDLAND |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Simcoe |
| City | Midland |
| Postal Code | L4R 3M5 |
| Area | Midland |
| Listing VS Median (in L4R 3M5) | |
Price: $1,320,000 low | high Med: $1,320,000 sqft: 5,869 low | high Med: 5,869 $ / sqft: $225 low | high Med: $225 On site: 98 low | high Med: 98 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Simcoe |
| City | Midland |
| Postal Code | L4R 3M5 |
| Area | Midland |
| Listing VS Median (in L4R 3M5) | |
Price: $1,320,000 low | high Med: $1,320,000 sqft: 5,869 low | high Med: 5,869 $ / sqft: $225 low | high Med: $225 On site: 98 low | high Med: 98 | |
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