313 Midland Avenue Midland, Ontario L4R 3K5
$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 (id:51398)
Property Details
| MLS® Number | 40615172 |
| Property Type | Office |
| Amenities Near By | Marina, Schools |
| Communication Type | High Speed Internet |
| Parking Space Total | 8 |
| Sign Type | None |
Building
| Basement Type | Crawl Space |
| Construction Material | Concrete Block, Concrete Walls |
| Exterior Finish | Concrete, Metal, Vinyl Siding |
| Fire Protection | Security System |
| Foundation Type | Block |
| Stories Total | 3 |
| Size Exterior | 6731.5000 |
| Size Interior | 6731.5 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Marina, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 175 Ft |
| Size Frontage | 63 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Dc-f2 |
Utilities
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/27125182/313-midland-avenue-midland
Interested?
Contact us for more information
Hunting For Your Next Property?
PRESENTED BY
ANDREW JOHN COCKS
PRESIDENT / BROKER OF RECORD
COCKS INTERNATIONAL REALTY INC., BROKERAGE
212 HWY 141, PO BOX 120
UTTERSON ON, P0B1M0
OFFICE: (705) 640-0664
DIRECT: (705) 380-3166
FAX:(249) 700-0700
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association.
Property Types
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
July 04 2024 03:51:35
Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®
Sotheby's International Realty Canada, Brokerage (A), Sotheby's International Realty Canada, Brokerage (Collingwood)