$999,500
Available - For Sale
Listing ID: S8364300
520 Elizabeth St , Midland, L4R 2A1, Ontario


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. 2 SPACIOUS 2-BEDROOM APARTMENTS: Each apt 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.
Price $999,500
Taxes: $7014.00
Address: 520 Elizabeth St , Midland, L4R 2A1, Ontario
Lot Size: 52.61 x 96.88 (Feet)
Directions/Cross Streets: King/Elizabeth
Rooms: 14
Bedrooms: 2
Bedrooms +:
Kitchens: 2
Family Room: N
Basement: Full
Property Type: Duplex
Style: 1 1/2 Storey
Exterior: Brick, Vinyl Siding
Garage Type: Detached
(Parking/)Drive: Private
Drive Parking Spaces: 2
Pool: None
Fireplace/Stove: N
Heat Source: Gas
Heat Type: Radiant
Central Air Conditioning: None
Sewers: Sewers
Water: Municipal
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Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

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This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
REVEL REALTY INC.
Personal Picture
HANIF ARKIAN
Broker
Dir:
416-871-6060
Bus:
416-798-7777
Fax:
905-660-5393
 
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At a Glance:
Type: Freehold - Duplex
Area: Simcoe
Municipality: Midland
Neighbourhood: Midland
Style: 1 1/2 Storey
Lot Size: 52.61 x 96.88(Feet)
Approximate Age:
Tax: $7,014
Maintenance Fee: $0
Beds: 2
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
Locatin Map:
Payment Calculator:
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