Multi-Family for Sale in Midland
203 Gianetto Dr, Midland, ON
- 7 BEDS
- 3 BATHS
- 8,200 sq.ft. Land
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- Multi-Family for Sale in Midland
Key Facts
- MLS® #: S12891894
- Property ID: SIRC3187123
- Property Type: Residential, Triplex
- Lot Size: 8,200 sq.ft.
- Bedrooms: 7
- Bathrooms: 3
- Parking Spaces: 6
- Listed By:
- RE/MAX By The Bay Brokerage
Property Description
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.
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Location
203 Gianetto Dr, Midland, Ontario, L4R 5J4 Canada
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