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Est. payment | -/mo

4 Beds

2 Baths

Save

Est. payment | -/mo

Save

4 Beds

2 Baths

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1100-1500

Subdivision Midland

MLS Listing ID S13589338

Style Bungalow-Raised

Bedrooms 4

Annual Tax Amount $4,067

Tax Year 2025

Property Sub-Type Duplex

Property Description

Legal Midland Duplex with Strong Income Potential - Ideal for Investors or Owner-Occupiers. This legal duplex is located in a convenient Midland neighbourhood, close to the Catholic high school. One of the property's standout features is its rare and desirable layout. The main floor offers 4 bedrooms, while the lower unit provides 3 bedrooms, making it an excellent option for larger families and helping maximize rental appeal.The lower unit is occupied by an excellent long-term tenant on a month-to-month lease, currently paying $1,835 per month inclusive.The upper unit has recently undergone approximately $25,000 in renovations and is vacant, giving buyers flexibility from day one. Move in yourself and enjoy the rental income from the lower unit or rent the upper unit to take advantage of an estimated market rent of approximately $2,600 per month inclusive.The property has a proven rental history, and the 2025 utility costs while both units were occupied totalled $7,967, broken down as follows:Hydro $3,327; Gas $1,126Water & Sewer $1,468; Hot Water Heater Rental $2,045. Whether you are looking to live in one unit while generating rental income from the other or add a legal duplex with strong income potential to your investment portfolio, this is a property well worth considering.

Location

Province ON

County Simcoe

Area Simcoe

Rooms

Family Room No

Basement Finished, Full

Kitchen 2

Separate Den/Office 3

Interior

Interior Features In-Law Suite

Cooling None

Inclusions 2 x Fridge, 2 x Stove

Exterior

Garage Spaces 1.0

Pool None

Roof Type Asphalt Shingle

Lot Frontage 51.3

Lot Depth 101.0

Total Parking Spaces 3

Building

Foundation Block

Others

Senior Community Yes

ParcelsYN No

Listed by RE/MAX By The Bay Brokerage

Schools and Properties Nearby

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326 Christine DR Midland, ON L4R 5A4