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About the Listing 550500 -
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.
Interior Details
- Bedrooms: 7
- Bathrooms: 3 Full
- Appliances:
- Air Cond:
- Heating: Electric
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Half
- Other: 3 Kitchens
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof: Metal
- Others:
- Sewer: Septic
- Parking Features: No Garage
Financial Details
- Tax Amount: $3,860
- Taxes w/Assessments: N/A
- Tax/Property ID: 584530377
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
203 Gianetto Dr Midland, ON L4R 5J4
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