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$999,500
Available - For Sale
Listing ID: S8364300
TURN KEY INCOME PROPERTY IN THE HEART OF MIDLAND. A prime investment opportunity in vibrant downtown Midland. This unique property boasts 2 spacious, turnkey 2-bedroom apartments, a detached garage, & commercial space, designed to maximize your income potential while offering an exceptional lifestyle. 2 SPACIOUS 2-BEDROOM APARTMENTS: Each apt features a well-laid-out design with separate entrances, ensuring privacy and convenience for tenants. Both units are fully rented on month-to-month leases, offering immediate rental income: DETACHED GARAGE: Additional rental income potential with a fully rented detached garage: COMMERCIAL SPACE: The commercial space is currently leased to the successful Laundry Boutique called Downtown Laundry. You can purchase the building and land and lease to the existing business or buy the Laundry Boutique business separately for an added income stream. LOCATION, LOCATION, LOCATION: PRIME DOWNTOWN LOCATION: Situated in the heart of downtown Midland, this property is within walking distance to charming shops, delightful restaurants, the town dock, and waterfront trails perfect for biking, walking, and rollerblading. QUAINT AND SCENIC: Enjoy the quaint ambiance of Midland, set on the picturesque shores of Georgian Bay. The area offers a perfect blend of small-town charm and modern conveniences: INVESTMENT POTENTIAL: HIGH DEMAND RENTAL AREA: Midland's downtown area is a sought-after location, ensuring high demand for rental properties: FLEXIBLE PURCHASE OPTIONS: Whether you choose to lease the commercial space to the current owner or purchase the thriving Laundry Boutique business, the income potential is substantial. Don't miss this exceptional opportunity to invest in a thriving community with a strong rental market and a vibrant downtown lifestyle. For more details and a financial breakdown, contact us today. Explore the possibilities of owning a successful business or enjoying a steady rental income in beautiful Midland.
Price $999,500
Taxes: $7,014
Address: 520 Elizabeth St , Midland, L4R 2A1, Ontario
Lot Size: 52.61 x 96.88 (Feet)
Directions/Cross Streets: King/Elizabeth
Rooms: 14
Bedrooms: 2
Washrooms: 3
Kitchens: 2
Family Room: N
Basement: Full
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Living 15.68 11.68
Room 2: Main Kitchen 19.48 10.33
Room 3: Main Br 12.00 11.74
Room 4: Main Br 13.32 10.50
Room 5: 2nd Kitchen 14.24 10.00
Room 6: 2nd Living 16.99 12.76
Room 7: 2nd Br 12.99 7.90
Room 8: 2nd Br 16.50 10.00
Room 9: Main Laundry 25.75 13.15
No. of Pieces Level
Washroom 1:  2 Main
Washroom 2:  4 Main
Washroom 3:  4 2nd
Property Type: Duplex
Style: 1 1/2 Storey
Exterior: Brick
Vinyl Siding
Garage Type: Detached
(Parking/)Drive: Private
Drive Parking Spaces: 2
Pool: None
Fireplace/Stove: N
Heat Source: Gas
Heat Type: Radiant
Central Air Conditioning: None
Sewers: Sewers
Water: Municipal
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REVEL REALTY INC.

520 Elizabeth St , Midland, L4R 2A1, Ontario

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MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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Type: Freehold - Duplex
Area: Simcoe
Municipality: Midland
Neighbourhood: Midland
Style: 1 1/2 Storey
Lot Size: 52.61 x 96.88(Feet)
Approximate Age:
Tax: $7,014
Maintenance Fee: $0
Beds: 2
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

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HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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