Legal duplex located within walking distance to downtown Midland. Excellent investment opportunity with positive cash flow and reliable tenants in place. The upper unit features 3 bedrooms, a full kitchen, living area, and in-suite laundry, currently leased until June 2026 at $1,950/month; vacant from July 1st.. The lower unit offers 2 bedrooms, a full kitchen, and living area with a long-term tenant on a month-to-month lease paying $1,488.76/month (tenant since October 2021). Separate hydro meters for each unit. 2024 utility costs: gas $1,171.80 and water $2,403.
| MLS # | S12890206 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Sold Conditional |
| Year | 0 |
| Days On Site | 178 |
| Listing Provided By | RE/MAX By The Bay Brokerage | S12890206 550500 |
| Bed(s) | 5 |
|---|---|
| Bath(s) | 2 |
| Basement | Y |
| Acreage | 0.17 |
| Interior Features | Accessory Apartment |
|---|---|
| Cooling | Central Air |
| Heat Source | Gas |
| Fireplace Yes / No | No |
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Concrete Block |
| Construction Materials | Aluminum Siding |
| Garage Yes / No | No |
|---|
| Sewer | Sewer |
|---|
| Tax Annual Amount | 2968 |
|---|---|
| Tax Legal Description | PT LT 41 S/S VICTORIA ST, 69 E/S CHARLES ST PL 520 MIDLAND PT 16 & 17 R1109; MIDLAND |
| Tax Year | 2025 |
| Province | ON |
|---|---|
| County | Simcoe |
| City | Midland |
| Postal Code | L4R 1T5 |
| Area | Midland |
| Listing VS Median (in L4R 1T5) | |
Price: $450,000 low | high Med: $0 On site: 178 low | high Med: | |
| Province | ON |
|---|---|
| County | Simcoe |
| City | Midland |
| Postal Code | L4R 1T5 |
| Area | Midland |
| Listing VS Median (in L4R 1T5) | |
Price: $450,000 low | high Med: $0 On site: 178 low | high Med: | |