Attention investors and homebuyers! Looking for an investment with real cash-flow potential? Look no further! Welcome to 154 Fifth Street in Midland - a legal duplex offering flexibility, excellent income potential, and vacant possession. The property features a one-bedroom unit that recently rented for $1,615 per month and a two-bedroom unit that rented for $1,850 per month, with tenants responsible for all utilities in addition to their monthly rent. Vacant possession gives you the flexibility to set your own rents, choose your own tenants, move into one unit while renting the other to help offset your mortgage, or accommodate extended family. Each self-contained unit has its own driveway, hydro meter, in-suite laundry, and storage shed, providing added convenience and privacy. Ideally located within walking distance of downtown Midland and the waterfront trail, residents can enjoy easy access to local shops, restaurants and beautiful Georgian Bay. Whether you're looking to expand your investment portfolio, reduce your housing costs or explore a multi-generational living arrangement, this versatile property offers plenty of possibilities! (id:4069)
Address
154 FIFTH STREET
List Price
$499,900
Property Type
Multi-family
Type of Dwelling
Duplex
Transaction Type
Sale
Area
Ontario
Sub-Area
Midland
Bedrooms
3
Bathrooms
2
Floor Area
1100 - 1500 Sq. Ft.
Lot Size
50 x 100 FT Sq. Ft.
Lot Depth
100 ft
Frontage Length
50 ft
MLS® Number
S14129136
Listing Brokerage
KELLER WILLIAMS EXPERIENCE REALTY
Basement Area
N/A (Unfinished)
Postal Code
L4R3V9
Zoning
RS2
Parking Places (Total)
4
Features
Sloping, Carpet Free
Appliances
Water meter, Dryer, Stove, Washer, Refrigerator
Amenities
Separate Electricity Meters
Heat Source
Natural gas
Heat Type
Forced air
Cooling Features
Central air conditioning
Foundation Details
Stone
Other Structures
Deck, Patio(s)
Number Of Floors In Building
1.5
Water Source
Municipal water
Sewer
Sanitary sewer
