Re-listed 43 days ago

538 NELSON St, Midland, Ontario L4R 4W3

Townhouse
2 + 3
2
~700-1100 sqft
$•••,•••
$499,900
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Townhouse
2 + 3
2
~700-1100 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$584/sqft

Est. Mortgage$2,147/mo

Tax Amount (2024)$3,202/yr

Days On Market43 days

Total Days On Market193 days


Description

Attention investors! This turn-key duplex offers the perfect opportunity to expand your portfolio in a great location near parks, Little Lake, and a variety of amenities. With great tenants already in place in the upper unit, youll benefit from steady rental income. The lower unit is vacant, providing you with the flexibility to set your own market rent and choose your own tenants. This bungalow-style duplex features a total of 1689 sq.ft. of living space, with a 2-bedroom, 1-bathroom upper unit and a 3-bedroom, 1-bathroom lower unit. Dual driveways offer plenty of parking, while the spacious backyard adds outdoor appeal for tenants. Whether youre a seasoned investor, just starting out, or looking for a home with income potential, this property offers immediate returns and excellent long-term potential. With one unit ready for occupancy, its a fantastic opportunity to subsidize your expenses by living in one unit while renting out the other.


Property Details

StyleBungalow-Raised
View-
Age of property31-50
SqFt~700-1100 SqFt
Lot Size5,480 SqFt(82.28 x 66.61)
Parking Spaces7
MLS ®NumberS12101174
Community NameMidland
Data SourceTRREB
Listing byKeller Williams Experience Realty

Features

Heating: Baseboard
Basement: Finished, Full

Main Floor

Living

5.18 x 4.65

Dining

3.25 x 2.64

Kitchen

3.07 x 2.64

Primary

4.24 x 3.63


Features

Lot size: 5,480 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 7


Property History

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Price changeActive
$•••,•••
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Re-listed
$•••,•••
43 days on market
history photo preview21
Listing by trreb®
Property listed by Keller Williams Experience Realty, Brokerage
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Market Data - Midland

Geo Zone Map ThumbnailMidland

Buyer's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

72 days

Compared to

2024

0 day

2023

22 days

2022

24 days

New Listings

Past 30 days

16 listings

Compared to

2024

12 listings

2023

4 listings

2022

7 listings

Units sold

Past 30 days

4 units

Compared to

2024

0 unit

2023

1 unit

2022

5 units

Median Sold Price

Past 30 days

$615,000

Compared to

2023

$579,000

2022

$595,000


Population and Demographics

Overview

Total population 17454
Average household income $98,966

Age (%)

65 and plus
28%
50 to 64
22%
0 to 19
18%
20 to 34
16%
35 to 49
16%

Household composition (%)

Single family
61%
Single person
33%
Multi person
5%
Multi family
1%

Mother tongue (%)

English
91%
French
3%
Others
3%
German
1%

House tenancy (%)

Owners
66%
Renters
34%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget