$524,900
$539,000
2.6%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
3 Baths
SOLD DATE : 10/15/2024
Key Details
Sold Price $524,900
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 1100-1500
MLS Listing ID S8295958
Sold Date 10/15/24
Style Bungalow
Bedrooms 4
Annual Tax Amount $3,269
Tax Year 2023
Property Description
This could be your opportunity to enter the real estate investment world with this legal two unit home. This property is unique in that the second suite is actually a detached garden suite with the utilities for both units been separate. The only utility the Landlord pays is the water. Also, with two completely separate dwellings on one lot, there is no noise transferred between units, helping to keep the Tenants happy. The property is presently fully occupied by two respectable Tenants who are paying on time and would like to stay, truly a 'turn-key' investment property. The detached garage was converted into a garden suite in 2019, and it has up-to-date colours and finishings with an electric heat pump for heating and cooling and additional electric baseboards for heating. The original house contains a main floor living room, kitchen, 2 generous bedrooms and a bathroom with an additional shower and rec room in the basement. This property would also make a perfect starter home, live in one unit and rent the other. Located in a quiet Midland neighbourhood close to the lake and downtown amenities.
Location
Province ON
County Simcoe
Community Midland
Area Simcoe
Zoning RM1
Region Midland
City Region Midland
Rooms
Family Room No
Basement Full, Partially Finished
Kitchen 2
Interior
Interior Features Central Vacuum, Water Heater Owned
Cooling Central Air
Exterior
Exterior Feature Deck
Parking Features Private Double
Garage Spaces 2.0
Pool None
Roof Type Shingles
Total Parking Spaces 2
Building
Foundation Concrete, Slab
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