Frontside or backside of a home, cottage for 538 NELSON St, Midland Ontario L4R 4W3
58 days on Market

538 NELSON St, Midland, Ontario L4R 4W3

Detached
2 + 3
2
- sqft
$525,000
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Detached
2 + 3
2
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$2,255/mo

Tax Amount (2023)$3,080/yr

Days On Market58 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, you'll 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 you're 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, it's 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-
Lot Size5,480 Ac(82.28 x 66.61)
Parking Spaces7
MLS ®NumberS11822987
Community NameMidland
Data SourceTRREB
Listing byKeller Williams Experience Realty, Brokerage (255 King St)

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

Prim Bdrm

4.24 x 3.63


Features

Lot size: 5,480 Ac

Parking

Garage spaces -

Garage type -

Total parking spaces 7


Property listed by Keller Williams Experience Realty, Brokerage (255 King St), Brokerage
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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%

Schools and amenities

Estimated Budget