326 CHRISTINE DRIVE
Midland, Ontario
MLS® S13589338
$550,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- S13589338
- Bedrooms
- 7
- Bathrooms
- 2
- Year built
- —
1 / 16Listing 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.
Property summary
- MLS® number
- S13589338
- Property type
- Multi-family
- Building type
- Duplex
- Land size
- 51.3 x 101 FT
- Annual property taxes
- $4,067.00
- Parking
- 3 spaces · Attached Garage, Garage
- Days on market
- 36 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- None
- Basement
- Finished, Full
- Appliances
- Refrigerator, Stove
- Exterior features
- Vinyl siding, Brick Facing
- Lot features
- In-Law Suite
- Architectural style
- Raised bungalow
What would this home cost you?
Based on the $550,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX By The Bay Brokerage, WASAGA BEACH.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.