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$ 560,000
Est. payment | /mo
7 Beds
3 Baths
$ 560,000
Est. payment | /mo
7 Beds
3 Baths
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Midland
MLS Listing ID S12891894
Style 1 Storey/Apt
Bedrooms 7
Annual Tax Amount $3,860
Tax Year 2025
Property Sub-Type Triplex
Property Description
Midland triplex offering strong rental income and positive cash flow. All units are currently tenanted on a month-to-month basis with tenants in good standing. Each unit has separate hydro meters. Steel roof. The building includes two 2-bedroom units and one 3-bedroom : Unit 1-2 bedrooms $1,144.31 pm (month to month); Unit 2-2 bedrooms$1,700pm (12 month lease to March 1st 2027); Unit 3-3 bedrooms $1,190.53 pm (month to month.) 2024 water costs total $754.97. The purchase also includes the adjacent vacant lot at 1108 Harbourview Drive, as the existing septic system services both properties. Future potential to sever and create a separate building lot if municipal sewers are extended to the property (buyer to complete their own due diligence). Excellent opportunity for investors seeking stable income with future development potential.
Location
Province ON
County Simcoe
Area Simcoe
Rooms
Family Room No
Basement Half
Kitchen 3
Interior
Interior Features None
Cooling None
Inclusions 3 x stove; 3 x fridge;
Exterior
Pool None
Roof Type Metal
Lot Frontage 50.0
Lot Depth 164.0
Total Parking Spaces 6
Building
Foundation Block
Others
Senior Community No
ParcelsYN No
Listed by RE/MAX By The Bay Brokerage
Schools and Properties Nearby
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