520 Elizabeth Street Midland, Ontario L4R 2A1
$999,500
TURN KEY INCOME PROPERTY IN THE HEART OF MIDLAND. A prime investment opportunity in vibrant downtown Midland. This unique property boasts 2 spacious, turnkey 2-bedroom apartments, a detached garage, & commercial space, designed to maximize your income potential while offering an exceptional lifestyle. TWO SPACIOUS 2-BEDROOM APARTMENTS: Each apartment features a well-laid-out design with separate entrances, ensuring privacy and convenience for tenants. Both units are fully rented on month-to-month leases, offering immediate rental income: DETACHED GARAGE: Additional rental income potential with a fully rented detached garage: COMMERCIAL SPACE: The commercial space is currently leased to the successful Laundry Boutique called Downtown Laundry. You can purchase the building and land and lease to the existing business or buy the Laundry Boutique business separately for an added income stream. LOCATION, LOCATION, LOCATION: PRIME DOWNTOWN LOCATION: Situated in the heart of downtown Midland, this property is within walking distance to charming shops, delightful restaurants, the town dock, and waterfront trails perfect for biking, walking, and rollerblading. QUAINT AND SCENIC: Enjoy the quaint ambiance of Midland, set on the picturesque shores of Georgian Bay. The area offers a perfect blend of small-town charm and modern conveniences: INVESTMENT POTENTIAL: HIGH DEMAND RENTAL AREA: Midland's downtown area is a sought-after location, ensuring high demand for rental properties: FLEXIBLE PURCHASE OPTIONS: Whether you choose to lease the commercial space to the current owner or purchase the thriving Laundry Boutique business, the income potential is substantial. Don't miss this exceptional opportunity to invest in a thriving community with a strong rental market and a vibrant downtown lifestyle. For more details and a financial breakdown, contact us today. Explore the possibilities of owning a successful business or enjoying a steady rental income in beautiful Midland. (id:9582)
Property Details
| MLS® Number | 40593190 |
| Property Type | Single Family |
| Amenities Near By | Park, Public Transit, Shopping |
| Community Features | Community Centre |
| Parking Space Total | 2 |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 4 |
| Bedrooms Total | 4 |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Brick, Vinyl Siding |
| Foundation Type | Stone |
| Half Bath Total | 1 |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Stories Total | 2 |
| Size Interior | 2163 Sqft |
| Type | House |
| Utility Water | Municipal Water |
Parking
| Detached Garage |
Land
| Acreage | No |
| Land Amenities | Park, Public Transit, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 97 Ft |
| Size Frontage | 53 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Dc-f2 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom | 16'6'' x 10'0'' | ||
| Second Level | Bedroom | 13'0'' x 7'11'' | ||
| Second Level | 4pc Bathroom | Measurements not available | ||
| Second Level | Living Room | 17'0'' x 12'9'' | ||
| Second Level | Kitchen | 14'3'' x 10'0'' | ||
| Main Level | Utility Room | 13'2'' x 12'0'' | ||
| Main Level | 2pc Bathroom | Measurements not available | ||
| Main Level | Laundry Room | 25'9'' x 13'2'' | ||
| Main Level | Sunroom | 19'5'' x 5'6'' | ||
| Main Level | 4pc Bathroom | Measurements not available | ||
| Main Level | Bedroom | 13'4'' x 10'6'' | ||
| Main Level | Bedroom | 12'0'' x 11'9'' | ||
| Main Level | Eat In Kitchen | 19'6'' x 10'4'' | ||
| Main Level | Living Room | 15'8'' x 11'8'' |
https://www.realtor.ca/real-estate/26931813/520-elizabeth-street-midland
Interested?
Contact us for more information
Danielle Dorion
Broker
(905) 357-1705
www.georgianbaydreamteam.com/
www.facebook.com/pages/GeorgianBayDreamTeam/164358503581691
twitter.com/GBDreamTeam
520 Cedar Point Rd
Tiny, Ontario L9M 0H1
(705) 533-0303
(905) 357-1705
www.revelrealty.ca/
Vanya Gluhic
Broker
(905) 357-1705
www.georgianbaydreamteam.com/
www.facebook.com/georgianbaydreamteam
https://www.instagram.com/georgianbaydreamteam/
520a Cedar Point Road
Tiny, Ontario L9M 0H1
(705) 533-0303
(905) 357-1705
www.revelrealty.ca
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
May 31 2024 03:54:24
Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®
Revel Realty Inc., Brokerage (Tiny), Revel Realty Inc., Brokerage (Unit A)