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 Size¹: 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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This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the Toronto Real Estate Board. The data is deemed reliable but is not guaranteed to be accurate.¹Square footage refers to the total area of living space within a residential structure or the property lot size. All information regarding lot or house size is deemed reliable but not guaranteed and must be verified by the purchaser. Measurement definitions may vary by region.