538 Nelson Street Midland, Ontario L4R 4W3
$525,000
Attention investors! This turn-key duplex offers the perfect opportunity to expand your portfolio in a great location near parks, Little Lake, and a variety of amenities. With great tenants already in place in the upper unit, you’ll benefit from steady rental income. The lower unit is vacant, providing you with the flexibility to set your own market rent and choose your own tenants. This bungalow-style duplex features a total of 1689 sq.ft. of living space, with a 2-bedroom, 1-bathroom upper unit and a 3-bedroom, 1-bathroom lower unit. Dual driveways offer plenty of parking, while the spacious backyard adds outdoor appeal for tenants. Whether you’re a seasoned investor, just starting out, or looking for a home with income potential, this property offers immediate returns and excellent long-term potential. With one unit ready for occupancy, it’s a fantastic opportunity to subsidize your expenses by living in one unit while renting out the other. (id:54532)
Property Details
| MLS® Number | 40680663 |
| Property Type | Multi-family |
| AmenitiesNearBy | Park, Playground, Public Transit, Schools, Shopping |
| Features | Cul-de-sac, Crushed Stone Driveway |
| ParkingSpaceTotal | 7 |
| Structure | Porch |
Building
| BathroomTotal | 2 |
| BedroomsTotal | 5 |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| ConstructedDate | 1989 |
| CoolingType | None |
| ExteriorFinish | Brick Veneer, Vinyl Siding |
| HeatingFuel | Electric |
| HeatingType | Baseboard Heaters |
| StoriesTotal | 2 |
| SizeInterior | 1689 Sqft |
| Type | Duplex |
| UtilityWater | Municipal Water |
Land
| AccessType | Road Access |
| Acreage | No |
| LandAmenities | Park, Playground, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| SizeDepth | 82 Ft |
| SizeFrontage | 67 Ft |
| SizeIrregular | 0.126 |
| SizeTotal | 0.126 Ac|under 1/2 Acre |
| SizeTotalText | 0.126 Ac|under 1/2 Acre |
| ZoningDescription | R3 |
https://www.realtor.ca/real-estate/27681005/538-nelson-street-midland
Interested?
Contact us for more information
Eric Beutler
Salesperson
Sotheby's International Realty Canada, Brokerage
243 Hurontario St,
Collingwood, ON L9Y 2M1
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