290 GEORGE STREET, Midland, Ontario, L4R2W9

Property Description

Perfect First Home With Built-In Income Potential Looking for a smart way to get into the market? This legal, low-maintenance duplex is an ideal opportunity for first-time buyers who want flexibility, comfort, and help with the monthly costs. Built in 1989 and thoughtfully updated with over $70,000 in cosmetic upgrades, this home offers two self-contained units-perfect for living in one while earning income from the other. The upper unit, renovated in 2021 and currently vacant, features a bright and spacious 3-bedroom, 1-bath layout with over 1,000 sq. ft. of living space, a large kitchen with breakfast area, and in-suite laundry-move in right away and make it your own. The lower unit, renovated in Summer of 2025, offers a comfortable 2-bedroom, 1-bath layout (approx. 870 sq. ft.) with its own kitchen, breakfast area, and in-suite laundry, and is currently tenanted, providing immediate rental income to help offset your mortgage. Each unit has its own private driveway, offering added privacy and convenience. Located just minutes from the waterfront and downtown strip, close to everyday amenities, and only a 15-minute drive to Balm Beach, this home combines lifestyle and long-term value. Whether you choose to live upstairs and rent the lower unit, or explore short- or long-term rental options in the future, this property gives you options-something every first-time buyer can appreciate. Move-in ready and income-smart. Extras: Separately metered units, central air and furnace, propane heating, exterior wired security cameras, deck, and future potential to add a garden suite for additional income. (id:64974)

Quick Facts

• Property Type: Duplex
• Style: Raised bungalow
• Bedrooms: 5 (3 above, 2 below)
• Bathrooms: 2
• Attached: Yes
• Parking: 4 spaces (No Garage)
• Frontage: 50 ft (15.2 m)

Costs

• Annual Taxes: $3,600.00

Listing Provided by: CENTURY 21 HERITAGE GROUP LTD.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.