













1/1567 FOURTH STREET, Midland, ON L4R3S9
$800,000 total
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Asset Class
Retail
Size
—
Building class
C
Zoning
CB1 — Low Intensity Business
$ / SF
—
Occupancy
92%
Lot Size
1.269 ac
What could you create on approximately 1.63 acres in the heart of Midland?Positioned just steps from Georgian Bay, 67 Fourth Street presents a rare opportunity for builders, developers and investors to transform a prominent site in one of Simcoe County's growing waterfront communities.Formerly home to the Town of Midland Parks Depot, the property includes existing structures (8500 and 2600 sqft approx) and benefits from excellent visibility, convenient access and proximity to downtown Midland, the waterfront, a large marina, boat launch, parks, trails, shopping, dining and essential community amenities.Currently zoned Institutional, the site offers compelling redevelopment possibilities, subject to the necessary planning and municipal approvals. Imagine a vibrant mixed-use development featuring street-level commercial space with residential apartments above, an adaptive-reuse project, or another thoughtfully designed concept that capitalizes on the property's size, exposure and desirable location.Bring your plans. Unlock the site's potential. Build something that stands out.Buyers are encouraged to conduct their own due diligence regarding their proposed use of the property, including applicable zoning and Official Plan policies, permitted uses, redevelopment potential, building height and density, setbacks, parking, servicing, environmental considerations, development charges and all required municipal approvals. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$4K
Projected NOI
$49K
Annual cash flow
$4K
Cash-on-cash
1.83%
DSCR
1.10
Going-in cap
6.09%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
133,968
Households
52,579
Median income
$68,500
Median age
41.5
Daytime population
168,086
5-yr growth
4.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 67 FOURTH STREET, Midland.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.