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$645,000
Midland
679 Montreal Street, Midland, Ontario, L4R1G5
This multi-family property in Midland is for sale.
Attention investors! Here is a rare, low-stress addition to your portfolio. Located in a desirable, high-demand neighborhood on Midland's west side, this exceptionally well-maintained duplex is completely optimized for independent tenant living. The property features two spacious units (a 3-bedroom upper unit and a 2-bedroom lower unit), each completely self-contained to minimize your landlord overhead.The smartest feature of this build? Absolutely everything is separate. Both units boast their own private driveways, separate hydro meters, independent gas furnaces, individual A/C units, dedicated hot water heaters, separate electrical panels, and in-suite laundry facilities.The grade-level entry lower unit is a bright, accessible space currently generating $1,400/month plus utilities. The expansive main-floor upper unit is currently vacant. With all appliances included and a structure built for minimal maintenance, you can sit back and collect immediate cash flow from day one! (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 148 days on market, against an average age of 99 days across the listings currently for sale in this city
This 5-bed multi-family in Midland is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $645,000, about 9.1× the local median household income of $70,500.
Carrying it typically needs a household income of about $125,991 (20% down, 25-yr amortization, stress-tested) — roughly 79% 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.