181 185 King Street, North Middlesex

$499,000
181 185 King Street

$499,000

New
4d
Multiplex2-Storey

181 185 King Street, North Middlesex

Total Monthly Obligation $2,750

Beds
8
Baths
5
Park
7
Sqft
3500-5000
DOM
4d
Property Type-Multiplex
MLS® Number-X14092254
Beds-8
Bathrooms-5
Size-3500-5000 sqft
Lot Size-56 × 56 ft
Listed on site-Oct 19, 2026
Style-2-Storey
Building Type-Multiplex
Taxes-$4,350.34 (2025)
Parking-7 - None
Basement-Partial Basement
Heating-Forced Air (Gas)
Brokerage-KETTLEWELL INS.&REAL EST.LTD.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-East
Exterior-Brick
Roof-Membrane
Foundation-Brick
Sewer-Sewer
Possession-Immediate
Neighbourhood-Parkhill
Title-Residential Freehold

No agent assigned

181/185 King Street in Parkhill offers an excellent opportunity for investors, developers, or owner-users looking for a property with strong future residential potential. The property is currently configured as three residential units plus one commercial space, while approved plans are in place for conversion/redevelopment to a seven-unit residential property. With the municipal approvals already obtained, this property provides a significant head start for a future residential transition and helps reduce much of the planning uncertainty typically associated with redevelopment projects. Located on King Street in the heart of Parkhill, the property benefits from excellent visibility, convenient access to local amenities, and a central location within the community. A unique opportunity to acquire an income-producing property today with a clear path toward a higher-density seven-unit residential development in the future.

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Closing Costs

Mortgage Amount
$399,200
Land Transfer Taxes$6,455
Legal Fees (Est.)
$
Total cash required for closing$107,755

Total Monthly Obligation

$2,750/mo
Mortgage $2,013
Monthly Loss $2,221
Principal$530
Interest$1,483
Property Tax$363
Home Insurance$125
Variable Costs$250

No rent estimate available. Enter a monthly rent in Assumptions & Inputs below to calculate.

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 181 185 King Street

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