Salehian.com 647-325-5000

505 King Street

Midland, Midland, L4R 3N5

$699,000

Reduced $196,505 from $895,505

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Listed 236 days ago · MLS® S12828144

About this home

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 ***

Details

Type
Commercial Retail
Lot
66 × 165 ft
Garage
None
Property tax
$7,984 (2025)
Neighbourhood
Midland
Municipality
Midland

Heating, cooling and services

Heating
Water Radiators
Utilities
Yes

Building and exterior

Building area
4,125 Square Feet

More

Possession
Flexible
Cross street
Robert

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Somewhat walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: 1 grocery store, 9 cafés and restaurants, 3 parks, 1 pharmacy. Nearest grocery: No Frills (850 m). Nearest park: Little Lake Park (600 m).

Schools nearby

Elementary

  • Huron Park Public School
    EQAO: Gr 6 reading 88%, math 43%    4 min walk
  • Mundy's Bay Elementary Public School
    EQAO: Gr 6 reading 76%, math 45%    16 min walk
  • Sacred Heart School Catholic
    EQAO: Gr 6 reading 60%, math 0%    17 min walk
  • Bayview Public School
    EQAO: Gr 6 reading 81%, math 45%    1.9 km

Secondary

  • St. Theresa's Catholic High School Catholic
    EQAO: Gr 9 math 42%, literacy test 76%    14 min walk
  • Simcoe Alternative Secondary School18 min walk
  • Georgian Bay District Secondary School
    EQAO: Gr 9 math 42%, literacy test 82%    1.7 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area L4R

Owners / renters
68% / 32%
Median household income
$70,500
Average age
47
Children under 15
13%
Homes
67% detached, 6% high-rise
Commute by transit
1%
Population
19,245

Languages spoken most at home besides English: Punjabi (Panjabi) 0.3%, Polish 0.2%, German 0.2%, Russian 0.2%.

Safety

Crime Severity Index for Southern Georgian Bay (Midland) (OPP): 74 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by Royal LePage In Touch Realty.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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