For Sale

$870,000

351 BORDEN STREET , Midland, Ontario L4R4N7

9 Beds 6 Baths 1 Partial Bath

Remarks

Looking for a centrally located, purpose-built 5-plex in the heart of Midland? Look no further than this exceptional investment opportunity! This well-maintained building includes three 2-bed/1-bath units, one 1-bed/1-bath unit, and a spacious two-story 2-bed/2-bath landlord's unit, complete with its own driveway, garage, and large backyard. The three 2-bedroom units are vacant and primed for current market rentstwo have been recently renovated, while the third is awaiting final touches. The property also boasts a new roof (2024), several updated windows (2023), and convenient on-site coin laundry. Whether you're looking to rent out all five units for maximum income or prefer to live in the spacious landlord unit while renting out the remaining four for steady cash flow, this property offers incredible flexibility. Located just moments from downtown Midland, tenants will enjoy easy access to shops, restaurants, parks, schools, and public transportation. With Midland's vibrant community and prime location, this building is an attractive rental option, ensuring steady income and long-term appreciation. Whether you're a seasoned investor or entering the real estate market, this low-maintenance, high-return property is a fantastic opportunity! (id:7525)

Property Summary

  • Neighbourhood: Midland
  • Lot Frontage: 70.0 Feet
  • Lot Depth: 125.0 Feet
  • Lot Size: 70 x 125.07 FT
  • No. of Parking Spaces: 5
  • Bedrooms: 9
  • Bathrooms (Total): 6
  • Bathrooms (Partial): 1
  • Zoning: R4

Property Features:

  • Parking Type:
    Garage
  • Property Type:
    Multi-family
  • Sewer:
    Sanitary sewer

Building Features:

  • Amenities:
    Separate Hydro Meters
  • Appliances:
    Dryer , Refrigerator , Stove , Washer
  • Basement Type:
    Full
  • Building Type:
    Other
  • Exterior Finish:
    Brick
  • Foundation Type:
    Block
  • Heating Fuel:
    Natural gas
  • Heating Type:
    Hot water radiator heat
Lifestyle
Neighbourhood Info
Agent

Aaron Pauzé

Broker

Phone: 705.526.4271

Cell: 705.527.5287

Toll Free: 877.526.4271

Get More Info