$870,000
 $4,670 est/mo Sourced by Back At You

351 Borden Street , Midland, ON L4R 4N7

Midland, ON L4R 4N7

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Description

Looking for a centrally located, purpose-built 5-plex in the heart of Midland? Look no further than this exceptional investment opportunity! This well-maintained building includes three 2-bed/1-bath units, one 1-bed/1-bath unit, and a spacious two-story 2-bed/2-bath landlord's unit, complete with its own driveway, garage, and large backyard. The three 2-bedroom units are vacant and primed for current market rentstwo have been recently renovated, while the third is awaiting final touches. The property also boasts a new roof (2024), several updated windows (2023), and convenient on-site coin laundry. Whether you're looking to rent out all five units for maximum income or prefer to live in the spacious landlord unit while renting out the remaining four for steady cash flow, this property offers incredible flexibility. Located just moments from downtown Midland, tenants will enjoy easy access to shops, restaurants, parks, schools, and public transportation. With Midland's vibrant community and prime location, this building is an attractive rental option, ensuring steady income and long-term appreciation. Whether you're a seasoned investor or entering the real estate market, this low-maintenance, high-return property is a fantastic opportunity!

Details

MLS#40666532
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1973
Days On Site17
Listing Provided ByRoyal LePage In Touch Realty, Brokerage (Hwy 93 - Unit 200) | Aaron Pauze

Features

Bed(s)9
Bath(s)6
SQ Feet4,494
Garage1
Story(s)2
Units5
ZoningR4
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 2 minutes ago
ProvinceON
CountySimcoe County
CityMidland
Postal CodeL4R 4N7
AreaMD Midland
SubareaMD01 East of King Street
Community NameMD01 East of King Street
Listing VS Median (in MD01 East of King Street)
Price:
$870,000
low | high
Med:
$564,900
85.068965517241% of Average
SqFt:
4,494
low | high
Med:
1,050
100% of Average
$ / SqFt:
$194
low | high
Med:
$538
100% of Average
On Site:
17
low | high
Med:
9.000000
100% of Average
Sourced by Back At You
Listing Updated: October 25, 2024 at 10:26:07 PM PDT