326 CHRISTINE DRIVE
Midland, Ontario
MLS® S14105432
$520,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- S14105432
- Bedrooms
- 7
- Bathrooms
- 2
- Year built
- —
1 / 16Listing 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.
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.