505 King St is a retail in Midland, listed for $699,000.
1Here's your chance to own a property that generates passive income.
2The property is about .25 acres and has an existing building with a wine store and restaurant on the main floor as well as a spacious 2 bedroom apartment above.
3There is parking along the side and off the back with access from both King Street and Nelson Street.
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Commercial Property in Midland
About 505 King Street
Here's your chance to own a property that generates passive income. The property is about .25 acres and has an existing building with a wine store and restaurant on the main floor as well as a spacious 2 bedroom apartment above. There is parking along the side and off the back with access from both King Street and Nelson Street. It's in a high traffic area near the downtown core. *** This is land and building only. Existing businesses and tenant will remain ***
Midland retail priced at $699,000 — book a tour to see if it fits your search.
Inside 505 King St
Every detail from the listing, in one place.
Type
Retail
Features & systems
Lot & land
Lot size (sqft)
10890
Listing & possession
Property class
Commercial Retail
505 King St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Average days on market52Homes sold in about 52 days on average.
Sale-to-list ratio95.1%On average, homes sold below asking.
Active listings173Homes for sale here right now.
Median vs prior 90 days+8.5%Compared with May 3 – Aug 1, 2026: prices up.
Based on 112 sales from Aug 1 – Oct 30, 2026 (55 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 505 King St
How much is 505 King St listed for?
505 King St is listed at $699,000 (MLS® S12828144). Summitly updates the price as soon as the MLS® record changes.
Has the price of 505 King St changed?
Yes — it was first listed at $895,505 and is now $699,000, a drop of $196,505 (21.9%).
How many bedrooms and bathrooms does 505 King St have?
The listing for 505 King St doesn't publish its bedroom and bathroom count. It is a commercial property in Midland.
How does 505 King St compare with other homes in Midland?
Its asking price of $699,000 is about 29% above the median sold price in Midland over the last 90 days, $542,500, across 112 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 505 King St been sold before?
Summitly has no earlier MLS® sale or lease of 505 King St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 505 King St?
505 King St is in Midland, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 505 King St been on the market?
245 days — 505 King St was listed on February 27, 2026.
What is the land transfer tax on 505 King St?
About $10,455 in Ontario land transfer tax at the asking price of $699,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 505 King St or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 505 King St?
The listing for 505 King St doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Midland.
When was 505 King St built?
The listing for 505 King St doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
