Don't miss this exceptional chance to own a solid, income-generating building in a high-visibility downtown location just two blocks from Midland's scenic waterfront. This mixed-use property features two built-in residential tenants-one on a month-to-month lease and another under contract until March 2026-along with a vacant ground-floor commercial retail space ready for your business or next tenant. Formerly home to Midland's longest-running bakery, the main floor retail space includes a commercial range hood and commercial bread oven, offering an ideal setup for a food-based business, but also zoned for many permitted uses. At the rear, the property backs onto a public parking lot, ensuring easy access and high foot traffic-a huge plus for commercial tenants. A key upgrade is the new flat roofing system (2022). The second floor features two residential apartments, one of which has been fully renovated with a modern kitchen, new appliances, updated flooring, bathroom & lighting, fixtures, and soaring loft-style ceilings. A great opportunity to relocate your business, start a new venture or add this to your portfolio.
Address
253 King Street
List Price
$849,900
MLS® Status
New
Expiration Date
2026-03-31
Property Type
Commercial
Type of Dwelling
Commercial Retail
Transaction Type
Sale
Area
Midland
Region
Simcoe
Lot Size Source
GeoWarehouse
Lot Depth
175.5
Lot Shape
Rectangular
Lot Type
Lot
Lot Size Units
Feet
Lot Width
18.36
Parcel Number
584670007
Total Building Area
4882
Occupant Type
Owner+Tenant
Cross Street
Hugel Ave
Approx. Age
100+ Years
MLS® Number
S12478614
Listing Brokerage
Team Hawke Realty
Postal Code
L4R 3M4
Posession Details
TBD
Parking Spaces
2
Tax Amount
$8,927.00
Tax Year
2025
Standard Status
Active
Board Or Association
One Point Association of REALTORS
Heat Type
Baseboard
Cooling Features
Partial
Garage Type
Lane
Security Features
No
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