Here's your chance to own a property that generates passive income. The property is about .25 acres and has an existing building with a wine store and restaurant on the main floor as well as a spacious 2 bedroom apartment above. There is parking along the side and off the back with access from both King Street and Nelson Street. It's in a high traffic area near the downtown core. *** This is land and building only. Existing businesses and tenant will remain ***
- MLS®#:
- S12828144
- Property Type:
- Commercial Retail
- Property Style:
- Area:
- Simcoe
- Community:
- Midland
- Taxes:
- $7,984 / 2025
- Added:
- February 27 2026
- Lot Frontage:
- 66
- Lot Depth:
- 165
- Status:
- Active
- Outside:
- Year Built:
- Brokerage:
- Royal LePage In Touch Realty
- Lot :
-
165
66
BIG LOT
- Intersection:
- Robert
- Rooms:
- Bedrooms:
- Bathrooms:
- Fireplace:
- Utilities
- Water:
- Municipal
- Cooling:
- No
- Heating Type:
- Water Radiators
- Heating Fuel:
Listing Details
Insights
- Passive Income Potential: The property includes a wine store and restaurant on the main floor, along with a spacious 2-bedroom apartment above, providing multiple income streams for the owner.
- Prime Location: Situated in a high traffic area near the downtown core of Midland, this property benefits from excellent visibility and accessibility, attracting more customers and tenants.
- Ample Parking: The property features parking along the side and off the back, with access from both King Street and Nelson Street, enhancing convenience for customers and tenants.
Neighborhood Overview
Complete neighborhood profile for 505 King Street
Midland home prices
Average sold price for Detached, Semi-Detached, Condo, Townhomes in Midland
* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)
