289 King Street, Midland, ON

$1,320,000
MLS#:S13223856
0 beds
7 baths
Commercial
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Description

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
  • Features a [] basement, adding superb versatility for recreation, a home gym, or extra storage
  • equipped with ["yes"] central cooling and highly efficient gas hot water heating

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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Key Features

Bathrooms
7
Property Type
Commercial

Additional Details

StatusActive
Listed Date6/1/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeStore W Apt/Office
Lot Size22 × 160 Feet
CountySimcoe
Annual Tax$12,324.62
Legal DescriptionPT LT 4 E/S KING ST PL 169A MIDLAND AS IN RO1117132; MIDLAND

Parking & Garage

Garage Spaces2
Garage TypeNone

Heating & Cooling

Heat TypeGas Hot Water
Cooling["Yes"]

Features

Property Features

Community Features

Public Transit, Recreation/Community Centre

Location

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289 King Street, Midland, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 289 King Street, Midland, ON L4R 3M5

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$1,056,000
Monthly Mortgage$6,136
Property Tax (Est.)$1,027
Utilities & Maint.$350
Total Monthly Cost$7,513

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Midland.

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Midland, Midland.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$616,144

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

Huron Park
Public425 Robert Street, Midland, Ontario, L4R 2M2
6.0
Mundy's Bay
Public340 Sixth Street, Midland, Ontario, L4R 3Y4
4.4
Sacred Heart
Public241 Elizabeth Street, Midland, Ontario, L4R 1Y5
2.6
Bayview
Public845 Ottawa Street, Midland, Ontario, L4R 1C9
5.8
Monsignor Castex
Public120 Penetanguishene Road, Midland, Ontario, L4R 4Z6
5.8

Secondary Schools

St. Theresa’s
Catholic347 Galloway Boulevard, Midland, Ontario, L4R 5B2
5.2
Georgian Bay District
Public865 Hugel Avenue, Midland, Ontario, L4R 1X8
5.3
Le Caron
Public22 John Street, Penetanguishene, Ontario, L9M 1N8
4.8

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.