520 Elizabeth St, Midland, Ontario L4R 2A1
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Highlights
Estimated ValueThis is the price Wahi expects this property to sell for.
The calculation is powered by our Instant Home Value Estimate, which uses current market and property price trends to estimate your home’s value with a 90% accuracy rate.$931,000*
Price/Sqft$462/sqft
Days On Market42 days
Est. Mortgage$4,292/mth
Tax Amount (2023)$7,014/yr
Description
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.
Property Details
Interior
Features
Main Floor
Living Room
4.78 x 3.56Bedroom
3.66 x 3.58Eat-in Kitchen
5.94 x 3.15Bathroom
4-Piece
Exterior
Features
Parking
Garage spaces 1
Garage type -
Other parking spaces 1
Total parking spaces 2
Property History
![history photo preview](https://cdn.wahi.com/listings/images/trreb/IMG-S8364300_1-256.webp)
![history photo preview](https://cdn.wahi.com/listings/images/itso/IMG-40593838_1-256.webp)
![history photo preview](https://cdn.wahi.com/listings/images/itso/IMG-40593190_1-256.webp)
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