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Renanza Realty
For sale

326 CHRISTINE DRIVE

Midland, Ontario

MLS® S14105432

$520,000

Status
Active
Property type
Multi-family
MLS® number
S14105432
Bedrooms
7
Bathrooms
2
Year built
—

Listing 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.

Property summary

MLS® number
S14105432
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
11 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 $520,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$2,419 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

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.