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.
Address
272 Main Street
List Price
$1,199,000
MLS® Status
New
Expiration Date
2026-06-19
Property Type
Commercial
Type of Dwelling
Store W Apt/Office
Transaction Type
Sale
Area
King
Sub-Area
Schomberg
Region
York
Lot Size Source
GeoWarehouse
Lot Depth
86.06
Lot Shape
Irregular
Lot Type
Building
Lot Irregularities
86.06x 26.88x 77.57x 14.33x 8.21x 12.24
Lot Size Units
Feet
Lot Width
26.5
Parcel Number
033980050
Total Building Area
3330.35
Occupant Type
Tenant
Cross Street
Main Street South Of HWY 9
MLS® Number
N12802028
Listing Brokerage
Royal LePage Security Real Estate
Basement
Yes
Postal Code
L0G 1T0
Posession Details
Flex
Tax Amount
$5,823.54
Tax Year
2025
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Water Radiators
Cooling Features
No
Garage Type
None
Tax Legal Description
PT LT 19 PL 87 KING AS IN R427440, T/W R427440 ; KING
Security Features
No
Sewer
Sanitary