555 BAY Street, Midland, Ontario

ID#362670 | MLS# 30638350 | Listed at $399,888.00
Real Estate - Midland -
David Weeks
Sales Representative
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Great investment opportunity! Updated 3400sqft Commercial building in bustling downtown Midland with restaurant and rental apartment. Upgrades include commercial kitchen, insulation, plumbing, flooring, paint & lighting, pot lights & fixtures. Spacious rental apartment features 2 bedrooms & a den, updated kitchen & bath. Steps to Lake. Public parking across the road. Close to shopping & steps to the waterfront! Commercial tenant pays $2700 per mo and residential pays $1100 per mo. Great investment with generous cap rate. (id:21442)
Special Features
  • Appliances Included: Stove, Oven
  • Basement Type: None
  • Fireplace Present: False
  • Interior Size: 3400 sqft
  • Utility Water: Municipal water
  • Business: Other
  • Has Acreage: false
  • Sewer: Sanitary sewer, Storm sewer
  • Parking Space Total: 6
  • Zoning: DCF2
Property Type Commercial
Building Style Condominium
Listing Type For Sale
Floor Space: 3400 ft.2

Number of Bedrooms 0.0
Number of Bathrooms 0.0
Seller's Comments

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Mortgage Information
Down Payment Mortgage Rate Amortization Description Payment Min. Income Required
5.00%  -  $19,995 2.35% 25 Years 5 YEARS VARIABLE $1,726 $64,002
10.00%  -  $39,989 2.35% 25 Years 5 YEARS VARIABLE $1,623 $60,921
20.00%  -  $79,978 2.35% 30 Years 5 YEARS VARIABLE $1,240 $49,424
Down Payment Mortgage Rate Amortization Description Payment Min. Income Required
5.00%  -  $19,995 2.69% 25 Years 5 YEARS FIXED $1,793 $66,014
10.00%  -  $39,989 2.69% 25 Years 5 YEARS FIXED $1,686 $62,813
20.00%  -  $79,978 2.79% 35 Years 5 YEARS FIXED $1,194 $48,067

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