272 Main Street, King, ON L0G 1T0

King L0G 1T0 Ontario

MLS: N12802028

$1,199,000

Added 1 day ago | For Sale

Listed by: Royal LePage Security Real Estate

About Property

Exceptional freestanding mixed-use opportunity in the heart of Schomberg, located in the highly desirable King area. Situated on Main Street and surrounded by charming shops, restaurants, and boutique storefronts, this property offers both strong investment fundamentals and end-user potential. The main level features approximately 1,000 sq ft of commercial space, plus an additional 1,000sq ft on the lower level, providing excellent versatility for retail, service, or professional use. The upper floors include three residential apartments totaling 2,362 sq ft, comprised of two one-bedroom units and one spacious two-bedroom unit. The basement also includes a dedicated laundry and utility room servicing the building. With approximately 4,800 sq ft of total space, this fully leased property currently generates over a 5% CAP rate, making it an attractive, income-producing asset in a thriving small-town setting. A rare opportunity to acquire a stable mixed-use building in one of King's most charming and walkable communities. Ideal for investors seeking solid returns or end users looking to operate a business while benefiting from residential rental income. Financials provided upon request.

Features

  • House Style:Store W Apt/Office
  • Bathrooms:
  • Land Size: 26.5 X 86.06
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:
  • Cross Street:Main Street South Of HWY 9
  • Basement: ,
  • Possession Date:Flex
  • Annual Property taxes: $5823.54
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:Water Radiators
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:N12802028

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