$349,900

For sale

154 Fifth Street, Midland, Ontario, L4R3V9

3 bd2 ba4 pk1,300 ft²Lot size 50 × 100 ft (5,000 sq ft)

Listed by KELLER WILLIAMS EXPERIENCE REALTY

326 Christine Drive, Midland, Ontario, L4R5A4

For sale

13 days ago

$520K

326 Christine Drive, Midland, Ontario, L4R5A4

7 bd2 ba3 pk1,300 ft²Lot size 51 × 101 ft (5,181 sq ft)

Listed by RE/MAX By The Bay Brokerage

121 Seventh Street, Midland, Ontario, L4R3Y9

For sale

25 days ago

$635K

121 Seventh Street, Midland, Ontario, L4R3Y9

7 bd4 ba4 pk2,250 ft²Lot size 50 × 200 ft (10,000 sq ft)

Listed by SUTTON GROUP-ADMIRAL REALTY INC.

226 Queen Street, Midland, Ontario, L4R3H1

For sale

26 days ago

$540K

226 Queen Street, Midland, Ontario, L4R3H1

6 bd3 ba2 pk1,750 ft²Lot size 33 × 125 ft (4,163 sq ft)

Listed by RE/MAX HALLMARK CHAY REALTY

Investment analysis

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$349,900

Midland

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98 Fourth Street, Midland - Multi-family for Sale

98 Fourth Street, Midland, Ontario, L4R3T1

4 beds3 baths4 parking1,750 ft²50 × 200 ft (10,000 sq ft) lot sizeListed 55 days ago

Overview

This multi-family property in Midland is for sale offering roughly 1,750 sq ft of space. It has been on the market 55 days, fresher than the Midland average of 98 days.

Multi-Family Properties for Sale in Midland →All real estate in Midland →

Description

Looking for a winter project? This property presents a great opportunity for Investors, Builders, Flippers & Handymen! This property is priced to sell and being sold "as is". An opportunity for savvy buyers looking to restore, renovate, or reimagine functional space. This solid duplex features two units. Unit #1 is a main level 2 bedroom 2 bath which is tenanted. Unit #2 is an upper level 2 bedroom 1 bath which requires updating. Live in one unit while updating the other. Bonus attic space waiting for your finishing touches. Perfect for multi-generational living. Walk to downtown waterfront, shops, dining, parks, walking trails. Newer furnace and Hot water tank. This property represents a rare opportunity to capitalize and build equity in a convenient in-town location. Close to walking trails, Waterfront, shopping, parks, hospital and all amenities. (id:66096)

Property Details

MLS®: S13768056
Property Type: Multi-family
Zoning: R3
Bedrooms: 4
Beds (above / below): 2 above · 2 below
Bathrooms: 3
Half Baths: 1
Parking: 4
Interior Size: 1,750 ft²
Lot Size: 50 × 200 ft (10,000 sq ft)
Frontage: 50 ft
Storeys: 2
Basement: Partial, Crawl space
Heating: Radiant heat, Forced air, Natural gas
Cooling: None
Garage: No Garage
Waterfront: Yes
Property Tax: $3,416.13/yr
Listed: 55 days ago

Rooms

Main level

Living room: 3.72 x 3.6 meters
Kitchen: 4.5 x 4.2 meters
Bedroom: 3.66 x 3.66 meters
Bedroom 2: 3.66 x 3.66 meters

Second level

Living room: 4.29 x 3.6 meters
Kitchen: 3.09 x 2.44 meters
Bedroom: 3.05 x 3 meters
Bedroom 2: 3.01 x 2.7 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Refrigerator, Water Heater
Foundation: Stone, Brick
Exterior: Brick
Lot Features: Level

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

55d

Midland listings, avg age

98d

Price / ft²

$200

List price

$350K

Haho

This 4-bed multi-family in Midland has been listed for 55 days, which is 43 days fresher than the city average of 98. Act while there is still low competition.

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Listed by Royal LePage In Touch Realty · ARLENE PLAXTON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4R)

This home lists at $349,900, about 5.0× the local median household income of $70,500.

Carrying it typically needs a household income of about $68,348 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $70,500
Population: 19,245
Median age: 50.4
Owner / renter: 68% / 32%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA L4R)

$349,900· $200/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $17,495

Min 5%50%

Mortgage payment$1,843/mo

↳ CMHC premium ($13,296 capitalized)

Property tax (est.)$285/mo

Total monthly$2,128

Cash Needed to Close

Down payment (5%)$17,495

Land transfer tax$3,724

Est. closing costs$3,550

Total cash needed$24,769

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice