154 Fifth Street

Midland, ONMulti-family
$519,000
MLS® S13785972
Multi-family3 beds2 baths4 total
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About This Property

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:63604)

Key Facts

Type
Multi-family
Beds
3
Baths
2
Size
1,100 sqft
Lot
50 x 100 FT
Parking
4 total

Highlights

  • Washer
  • Refrigerator
  • Stove
  • Dryer
Property Details 17 details
Bedrooms
3 bedrooms
3 above grade
Bathrooms
2 bathrooms
Parking
4 parking spaces
No Garage
Living area
1,100 - 1,500 sq. ft.
Property
Multi-family · Attached
Property subtype
Multi-family
Structure type
Duplex
Attached status
Attached
Storeys
1.50
Basement
Unfinished
Heating
Forced air, Natural gas
Cooling
Central air conditioning
Fireplace
No
Lot dimensions
50 x 100 FT
Frontage
50 feet
Taxes
$2,849.00
Zoning
RS2
Water source
Municipal water
Sewer
Sanitary sewer

Interior features

WasherRefrigeratorStoveDryerSeparate Electricity Meters

Exterior features

BrickAluminum sidingStone

Lot and water

Sloping
Rooms 9 rooms
Level
Room
Dimensions
Main level
Kitchen
3.48 m x 4.83 m
Main level
Living room
3.33 m x 5.74 m
Main level
Bedroom
4.04 m x 3.28 m
Main level
Bedroom
2.64 m x 3.4 m
Main level
Bathroom
1.91 m x 2.08 m
Second level
Living room
2.97 m x 4.65 m
Second level
Kitchen
3.38 m x 2.39 m
Second level
Bedroom
3.38 m x 3.25 m
Second level
Bathroom
1.5 m x 1.93 m

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Purchase price$519,000
Down paymentNot available
Mortgage amountNot available
Principal & interestNot available
Property taxesNot available
Condo/HOA feeNot available
Insurance/OtherNot available
UtilitiesNot available
Est. monthly totalNot available
Income needed (GDS 32%)Not available
Estimates only. Not financial advice. Rates, taxes and fees vary by lender and municipality.

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Neighbourhood

Area
Midland
City
Midland
Postal code
L4R 3V9
Nearby
Cross Streets: Quebec & Fifth. ** Directions: Forth St to Quebec St to Fifth St.
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