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For saleMLS® S13440328

280 King Street, Midland, ON L4R 3M6

Midland · L4R 3M6

$710,000

$154 / sq ft

4 months on market

Total area
4,603 sf
Lot
22 × 158 ft
Age
100+ years

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About this property

FIRST TIME OFFERED FOR SALE! Own a piece of downtown Midland history with this iconic, high-exposure commercial/residential building, famously known as "Johnstone's Music Land." Serving the Southern Georgian Bay community for over 80 years, this landmark property at 280 King Street offers unparalleled visibility and footprint in the heart of our vibrant main street business district.The main level features a massive, open-concept commercial retail space with soaring ceilings and large front display windows that flood the interior with natural light-perfect for retail, professional offices, a trendy restaurant, or a boutique clinic. Expand your footprint or inventory storage into the full, sprawling basement running the length of the building.The incredible bonus? A private, separate entrance leads to a spacious 2 - 3 bedroom apartment directly above the retail storefront. Perfect as a primary residence for an owner-operator, a premium long-term residential rental, or a lucrative short-term rental catering to Georgian Bay tourists.Unbeatable location with high foot traffic, ample street parking, Rare 5 car private parking at rear and close proximity to the Midland harbourfront, restaurants, and local amenities. Don't miss this rare, multi-generational investment opportunity to live, work, and invest in Downtown Midland!

Property details

Property

Property type
retail
Interior size
4,603 sq ft
Year built
100+
Lot size
22 × 158 ft
Zoning
DC-F2
Possession
60-89 days

Interior

Heating
Baseboard
Cooling
No

Costs

List price
$710,000
Property taxes
$8,661 / year (2025)
Price per sq ft
$154
Rental items
none

Listing

MLS® number
S13440328
Status
For sale
Listed
June 12, 2026
Days on market
145
Last updated
June 18, 2026
Listing brokerage
Royal LePage In Touch Realty

Price & sale history

This property's sale history is hidden

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced in line with comparable listings — about 56% of comparable retail listings in Midland are asking less.

$440KMedian $659K$2.16M
This home
$154 / sq ft
Comparable median
$223 / sq ft

Based on 9 comparable active retail listings in Midland. These are asking prices, not sale prices.

Mortgage estimate

Down payment6.5% · minimum $46,000
$46,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$3,671.37
Property tax (est.)
$721.75
Estimated monthly
$4,393

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$10,675
Total due on closing
$10,675

An estimate on the asking price of $710,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of Royal LePage In Touch Realty. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$710,000

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