$ 870,000
351 Borden ST Midland, ON L4R 4N7
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$ 870,000
Est. payment | /mo
9 Beds
6 Baths
$ 870,000
Est. payment | /mo
9 Beds
6 Baths
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID S9509191
Style 2-Storey
Bedrooms 9
Annual Tax Amount $5,001
Tax Year 2024
Property Description
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!
Location
Province ON
County Simcoe
Area Midland
Rooms
Family Room No
Basement Full
Kitchen 5
Interior
Interior Features Separate Hydro Meter
Cooling None
Fireplace No
Heat Source Gas
Exterior
Garage Private
Garage Spaces 4.0
Pool None
Waterfront No
Roof Type Asphalt Shingle
Parking Type Built-In
Total Parking Spaces 5
Building
Foundation Concrete Block
Listed by ROYAL LEPAGE IN TOUCH REALTY
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
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