203 GIANETTO DRIVE, Midland, Ontario, L4R5J4
MLS: S12891894 | Triplex
$560,000
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. (id:64974)
Quick Facts
- Property Type: Triplex
- Bedrooms: 7 (7 above)
- Bathrooms: 3
- Attached: Yes
- Parking: 6.0 spaces (No Garage)
- Frontage: 50 ft (15.2 m)
Costs
- Annual Taxes: $3,860.00
Listing Provided by: RE/MAX By The Bay Brokerage
Board: OnePoint Association of REALTORS®
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Baseboard heaters, Electric
- Cooling: None
- Basement: None
- Appliances: Refrigerator, Stove
Exterior & Construction
- Exterior: Vinyl siding
- Foundation: Block
- Sewer: Septic System
- Water: Municipal water
Lot & Land
- Frontage: 50 ft (15.2 m)
Community & Neighbourhood
- Neighbourhood: Midland
Listing Information
Listing History
MLS listing activity for 203 GIANETTO DRIVE, Midland, Ontario, L4R5J4 — dates reflect when changes were recorded in the DDF
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Mortgage & Cost Calculators
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203 GIANETTO DRIVE, Midland, Ontario, L4R5J4