289 King Street, Midland, ON
Property Highlights
Welcome to this remarkable store w apt/office located in the coveted neighborhood of Midland. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1,320,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 7 Bathrooms
- Premium 22 x 160 ft lot size
- equipped with yes central cooling and highly efficient gas hot water heating
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.
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Property Summary
This store w apt/office located at 289 King Street, Midland is currently for sale and has been available on SousaSells for 100 days. This property is listed at $1,320,000 with an estimated mortgage of $4,394* per month. It has 0 beds, 7 bathrooms, and is unknown square feet. 289 King Street, Midland is in the Midland neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Midland, Midland.
- •7 well-appointed bathrooms
- •Desirable Store W Apt/Office architecture in Midland, Midland
First-time home buyers, professionals, or investors seeking value.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
None listed
Security Features
- Yes
Community Features
- Public Transit
- Recreation/Community Centre
Property History
No historical data available for this property.
This could be the first listing for this address.
Frequently Asked Questions about 289 King Street, Midland, ON
Q.What is the asking price for 289 King Street, Midland, ON ?
The current listing price for 289 King Street, Midland, ON in Midland, Midland is $1,320,000.
Q.How many bedrooms and bathrooms does this property have?
This property features null bedrooms and 7 bathrooms.
Q.What property type and architectural style is 289 King Street, Midland, ON ?
289 King Street, Midland, ON is a Store W Apt/Office () featuring a basement.
Q.What neighborhood and community amenities are nearby?
Community features and nearby amenities include: Public Transit, Recreation/Community Centre.
Q.What security features are installed at 289 King Street, Midland, ON ?
Security features include: Yes.
Q.What heating and cooling systems are installed?
Heating is provided via standard central heat and cooling via Yes.
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Midland, Midland
8 assaults (30.0/100k)
8 B&E (30.0/100k)
10 thefts (35.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) × 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Pricing & Value Insights
Data-driven valuation for 289 King Street, Midland, ON L4R 3M5
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Midland, ON
For a property listed at $1,320,000 in Midland, the legal minimum down payment is $264,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $22,875 for this transaction. As this listing is in Midland (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $22,875.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
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