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527 Hugel Avenue Midland, Ontario L4R 1V8

Central Air Conditioning Forced Air, Hot Water Radiator Heat

$1,379,000

A gorgeously refreshed century commercial & residential use building in the heart of Downtown Midland, steps to the lake. Two commercial units on main floor with separate entrances. Plus a quaint 2 storey, 4 bedroom, 2 full bath apartment with a sunroom balcony, laundry and separate entry. This prominent location is on a high traffic corner. A very versatile building – the potential possibilities are endless. Its history includes a downtown medical clinic and prior to that a fancy steak house. The commercial unit fronting Hugel Ave is 1400 sqft of posh retail/office space. Currently occupied by the owner. The space includes a stately oak office, a large reception area, grand open concept, multiple purpose space and a separate office. The commercial unit facing First St is a thriving laser clinic (includes three offices) with a long term escalating lease. The apartment is zoned residential with lucrative variable leases including Airbnb at $350/night. Excellent income. There is a large owned parking lot with additional public parking surrounding the lot. Some improvements include paint (exterior & interior), herringbone flooring, wainscoting, designer light fixtures & pot lights, new kitchenette and newer black windows throughout. Basement is partially finished with three bathrooms. (id:48877)

Business

Name The Squires Studio

Property Details

MLS® Number 40363849
Property Type Other
Amenities Near By Beach, Hospital, Marina, Park, Place Of Worship, Schools
Communication Type High Speed Internet
Equipment Type None
Features Park/reserve, Beach, Paved Driveway, Sump Pump
Parking Space Total 15
Rental Equipment Type None

Building

Basement Development Partially Finished
Basement Type Full (partially Finished)
Cooling Type Central Air Conditioning
Exterior Finish Brick, Stucco
Fixture Ceiling Fans
Flooring Type Carpeted, Laminate, Linoleum
Heating Fuel Natural Gas
Heating Type Forced Air, Hot Water Radiator Heat
Stories Total 3
Size Exterior 4900.0000
Utility Water Municipal Water

Land

Acreage No
Land Amenities Beach, Hospital, Marina, Park, Place Of Worship, Schools
Sewer Municipal Sewage System
Size Depth 150 Ft
Size Frontage 50 Ft
Zoning Description Commercial & Residential

Utilities

Cable Available
Electricity Available
Natural Gas Available
Telephone Available

https://www.realtor.ca/real-estate/25177532/527-hugel-avenue-midland