326 Christine Drive,Midland, ON L4R 5A4
Midland, ON L4R 5A4
Description
Legal Duplex in Midland - Excellent Opportunity for Investors or Owner-Occupiers! A combination of space, flexibility and income potential, this legal duplex in Midland is an excellent opportunity for investors or buyers looking to offset their mortgage with rental income.Conveniently located in an established neighbourhood close to the Catholic high school. Four bedrooms in the upper unit and three bedrooms in the lower unit. Recently completed approximately $25,000 in renovations in the upper vacant unit. The new owner to move in immediately or select their own tenant. Estimated market rent for this unit is approximately $2,600 per month inclusive.The lower unit is occupied by an excellent long-term tenant on a month-to-month tenancy, currently paying $1,835 per month inclusive. With both units rented at the current and estimated rates, the property offers potential gross rental income of $4,435 per month, or $53,220 annually.For buyers considering the investment potential, the property has an established rental history. Total utility costs for 2025, when both units were occupied, were $7,967, including hydro ($3,327), gas ($1,126), water and sewer ($1,468), and hot water heater, (approx $400.00).Whether you're an investor looking to expand your portfolio or a homeowner seeking the financial benefits of a second rental unit, this legal duplex offers versatility, established income and the opportunity to generate additional revenue from day one.
Details
| MLS # | S14105432 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 7 |
| Listing Provided By | RE/MAX By The Bay Brokerage | S14105432 550500 |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 2 |
| Garage | 1 |
| Basement | Y |
| Acreage | 0.12 |
Interior
| Interior Features | In-Law Suite |
|---|---|
| Cooling | None |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Block |
| Construction Materials | Brick Front, Vinyl Siding |
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 4067 |
|---|---|
| Tax Legal Description | PCL 52-1 SEC 51M390; LT 52 PL 51M390 MIDLAND; MIDLAND |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Simcoe |
| City | Midland |
| Postal Code | L4R 5A4 |
| Area | Midland |
| Listing VS Median (in L4R 5A4) | |
Price: $520,000 low | high Med: $0 On site: 7 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Simcoe |
| City | Midland |
| Postal Code | L4R 5A4 |
| Area | Midland |
| Listing VS Median (in L4R 5A4) | |
Price: $520,000 low | high Med: $0 On site: 7 low | high Med: | |
