7 Bedroom
3 Bathroom
2,000 - 2,500 ft2
None
Baseboard Heaters
$560,000
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. (id:50976)
Property Details
|
MLS® Number
|
S12891894 |
|
Property Type
|
Multi-family |
|
Community Name
|
Midland |
|
Equipment Type
|
Water Heater |
|
Parking Space Total
|
6 |
|
Rental Equipment Type
|
Water Heater |
Building
|
Bathroom Total
|
3 |
|
Bedrooms Above Ground
|
7 |
|
Bedrooms Total
|
7 |
|
Appliances
|
Stove, Refrigerator |
|
Basement Type
|
None |
|
Cooling Type
|
None |
|
Exterior Finish
|
Vinyl Siding |
|
Foundation Type
|
Block |
|
Heating Fuel
|
Electric |
|
Heating Type
|
Baseboard Heaters |
|
Size Interior
|
2,000 - 2,500 Ft2 |
|
Type
|
Triplex |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Sewer
|
Septic System |
|
Size Depth
|
164 Ft |
|
Size Frontage
|
50 Ft |
|
Size Irregular
|
50 X 164 Ft |
|
Size Total Text
|
50 X 164 Ft |
https://www.realtor.ca/real-estate/29480905/203-gianetto-drive-midland-midland
