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For saleMLS® S13663300

345 KING Street, Midland, ON L4R 3M7

Midland · L4R 3M7

$649,900

$309 / sq ft

2 months on market

Bathrooms
3
Total area
2,100 sf
Lot
13.65 × 165 ft

What's special

  • Yes

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About this property

Prime Commercial Investment Opportunity in the Heart of Midland! Exceptional opportunity to own a freestanding commercial building in one of Midland's busiest commercial corridors. Strategically located on high-visibility King Street, this approximately 2,100 sq. ft. property offers outstanding exposure, ample on-site parking, and a well-established, thriving restaurant operating within the building.With a secure long-term tenant already in place, this is a true turn-key investment offering immediate income and long-term stability. The property's prime location, strong traffic exposure, and established commercial presence make it an attractive addition to any investment portfolio.Surrounded by established businesses, residential neighbourhoods, and year-round tourism, 345 King Street benefits from consistent customer traffic and excellent accessibility. Whether you're an experienced investor looking to expand your portfolio or seeking a quality commercial asset with dependable cash flow, this property delivers the ideal combination of location, visibility, and investment potential.

Property details

Property

Property type
retail
Bathrooms
3
Interior size
2,100 sq ft
Lot size
13.65 × 165 ft
Zoning
DC-F2
Possession
TBD

Interior

Heating
Gas Forced Air Open
Cooling
Yes

Exterior & services

Sewer
Sanitary+Storm

Costs

List price
$649,900
Property taxes
$6,519 / year (2025)
Price per sq ft
$309
Rental items
Dishwasher

Listing

MLS® number
S13663300
Status
For sale
Listed
August 11, 2026
Days on market
85
Last updated
October 14, 2026
Listing brokerage
SPECTRUM REALTY SERVICES INC.

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 33% of comparable retail listings in Midland are asking less.

$440KMedian $710K$2.16M
This home
$309 / sq ft
Comparable median
$157 / sq ft

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

Mortgage estimate

Down payment6.2% · minimum $39,990
$39,990
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$3,372.30
Property tax (est.)
$543.25
Estimated monthly
$3,916

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
$9,473
Total due on closing
$9,473

An estimate on the asking price of $649,900. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of SPECTRUM REALTY SERVICES INC.. 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.

$649,900

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Comparable sales nearby

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