203 Gianetto Drive, Midland, ON L4R 5J4, Midland, ON, L4R 5J4
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.
Quick Facts
- Property Type: Triplex
- Style: 1 Storey/Apt
- Bedrooms: 7 (7 above)
- Bathrooms: 3
- Parking: 6.0 spaces
- Lot Size: 0 sq ft (0.0 m²)
Costs
- Annual Taxes: $3,860.00 (2025)
Listing Provided by: RE/MAX By The Bay Brokerage
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Cooling: None
- Basement: Half
Exterior & Construction
- Style: 1 Storey/Apt
- Roof: Metal
- Construction: Vinyl Siding
- Foundation: Block
- Sewer: Septic
Lot & Land
- Lot Size: 0 sq ft (0.0 m²)
- Pool: None
Community & Neighbourhood
- Neighbourhood: Midland
Listing Information
Listing History
Sold history, price changes, and days-on-market are reserved for registered users.
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203 Gianetto Drive, Midland, ON L4R 5J4, Midland, ON, L4R 5J4