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$499,900
Midland
486 Hannah Street, Midland, Ontario, L4R2G9
This 5-bedroom, 3-bathroom home in Midland is for sale offering roughly 2,250 sq ft of space. Listed at $499,900, it is attractively priced about 14% below the $579,000 median asking price in Midland. It has been on the market 50 days, fresher than the Midland average of 97 days.
Discover this standout 3-Unit investment opportunity in a friendly Midland neighbourhood. This property features modern updates on 3 floors; ***Main Floor: 2 bedrooms/kitchen/bath with direct access to charming, roof-covered front & back porches. ***Second Floor: 2 bedrooms/kitchen/bath featuring a sunny balcony right off the living room. ***Third Floor: 1 studio-style bedroom/kitchen/bath layout. ***Basement: Washer/Dryer, 3 separate water heaters, single shared furnace. Many big-ticket upgrades already done! In 2015 upgraded windows were installed on main & second floors. Refreshed and updated kitchens and bathrooms on the main, second & third floors. Three separate hydro meters, one for each unit, plus an additional hydro meter for the laundry/utility room in the basement. Perfect for multi-generational families or investors. Property is being sold in 'as-is' condition. Buyer to verify and satisfy themselves with respect to current municipal zoning compliance, MPAC designations and Ontario Fire Code requirements. Virtual Staging has been added to some photos. Lot size is irregular. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 50 days on market, against an average age of 97 days across the listings currently for sale in this city
This 5-bed single family in Midland has been listed for 50 days, which is 47 days fresher than the city average of 97. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $499,900, about 7.1× the local median household income of $70,500.
Carrying it typically needs a household income of about $97,648 (20% down, 25-yr amortization, stress-tested) — roughly 39% above the area median.
Source: Statistics Canada, 2021 Census (FSA L4R)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.