289 King Street
Midland, ON
- 7 bath
- 5,869 sqft
- Store W Apt/Office
- 100 days on market
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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Listing Details
- Taxes (2025)
- $12,325
- Listed
- June 1, 2026
Price History
Property
- Age
- 100+
- Lot Size
- 22 x 160 Feet
Parking
- Garage
- None
Utilities
- Sewer
- Sanitary
Location & Legal
- Cross Street
- King St/Hugel Ave
- Zoning
- DC
- Parcel Number
- 584670140
- Possession
- Flexible
- Occupancy
- Partial
Commercial
- Office / Apartment Area
- 1439 Sq Ft
Included
- Inclusions
- All contents with exception of personal items in Apartments
Community
Postal area L4R
- Population
- 19,245
- Private dwellings
- 8,901
- Median age
- 50.4
- Average household size
- 2.2
- Median household income
- $70,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Midland · last 12 months
- Median sold price
- $515,000
- Homes sold
- 253
- Median days on market
- 35
- Sale-to-list price
- 95.8%
Based on 253 recorded sales of commercial properties in Midland over the last 12 months.
Listed by
Real Broker Ontario Ltd.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 5,869 sq ft
- Price per sq ft
- $224.91
- Annual property tax
- $12,325
- Tax per sq ft
- $2.10
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
Reita | Assistant
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Reita is an automated assistant, not a licensed real estate agent. This listing mentions 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.. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?