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$1,320,000
Available - For Sale
Listing ID: S13223856
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.
Price $1,320,000
Taxes: $12,324.62
Tax Type: Annual
Assessment Year: 2026
Occupancy by: Partial
Address: 289 King Street , Midland, L4R 3M5, Simcoe
Postal Code: L4R 3M5
Province/State: Simcoe
Legal Description: PT LT 4 E/S KING ST PL 169A MIDLAND AS I
Directions/Cross Streets: King St/Hugel Ave
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
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Washroom 21:  0
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Washroom 25:  0
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Washroom 27:  0
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Washroom 30:  0
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Washroom 33:  0
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Washroom 43:  0
Washroom 44:  0
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Washroom 46:  0
Washroom 47:  0
Washroom 48:  0
Washroom 49:  0
Washroom 50:  0
Washroom 51:  0
Washroom 52:  0
Washroom 53:  0
Washroom 54:  0
Washroom 55:  0
Washroom 56:  0
Washroom 57:  0
Washroom 58:  0
Washroom 59:  0
Washroom 60:  0
Category: Store With Apt/Office
Building Percentage: F
Total Area: 5,869
Total Area Code:  Square Feet
Office/Appartment Area: 1439
Office/Appartment Area Code: Sq Ft
Retail Area Code: Sq Ft
Area Influences: Public Transit   Recreation/Comm
Approximatly Age: 100+
Financial Statement: F
Chattels: F
Maintenance: 0
Sprinklers: Yes
Outside Storage: F
Heat Type: Gas Hot Water
Central Air Conditioning: Yes
Sewers: Sanitary
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Real Broker Ontario Ltd.

289 King Street , Midland, L4R 3M5, Simcoe

Personal Picture
Arash Salehrad
Broker
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(647)402-5949
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(905)508-9500
Fax:
(905)773-3861

 
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Type: Com - Store W Apt/Office
Area: Simcoe
Municipality: Midland
Neighbourhood: Midland
Style:
Lot Size: x 160.00(Feet)
Approximate Age: 100+
Tax: $12,324.62
Maintenance Fee: $0
Beds: 0
Baths: 7
Garage: 0
Fireplace: N
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Personal Pic Arash Salehrad Broker pic arashsalehrad@gmail.com RE/MAX REALTRON REALTY INC., Brokerage Independently owned and operated. pic 13321 Yonge St., Unit 203, Richmond Hill, Ontario L4E 3L3 pic Office: (905)508-9500 | Fax: (905)773-3861 | Cell: (647)402-5949