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154 FIFTH STREET, Midland — listed at $519,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Attention investors and homebuyers! Looking for an investment with real cash-flow potential? Look no further!Welcome to 154 Fifth Street in Midland-a legal duplex offering flexibility, excellent income potential, and vacant possession.The property features a one-bedroom unit that recently rented for $1,615 per month and a two-bedroom unit that rented for $1,850 per month, with tenants responsible for all utilities in addition to their monthly rent.Vacant possession gives you the flexibility to set your own rents, choose your own tenants, move into one unit while renting the other to help offset your mortgage, or accommodate extended family.Each self-contained unit has its own driveway, hydro meter, in-suite laundry and storage shed, providing added convenience and privacy. Ideally located within walking distance of downtown Midland and the waterfront trail, residents can enjoy easy access to local shops, restaurants and beautiful Georgian Bay.Whether you're looking to expand your investment portfolio, reduce your housing costs or explore a multi-generational living arrangement, this versatile property offers plenty of possibilities! (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | Main level | 3.48 x 4.83 meters |
| Living room | Main level | 3.33 x 5.74 meters |
| Bedroom | Main level | 4.04 x 3.28 meters |
| Bedroom | Main level | 2.64 x 3.4 meters |
| Bathroom | Main level | 1.91 x 2.08 meters |
| Living room | Second level | 2.97 x 4.65 meters |
| Kitchen | Second level | 3.38 x 2.39 meters |
| Bedroom | Second level | 3.38 x 3.25 meters |
| Bathroom | Second level | 1.5 x 1.93 meters |
Is 154 FIFTH STREET a good fit for a growing family?+
With 3 bedrooms and 2 bathrooms, there's room for kids plus a guest room or home office. The 1.5-storey layout keeps living and sleeping areas separated.
What's the parking situation?+
This property includes 4 spaces — No Garage.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $2,849, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Is this a good starter home?+
At $519,000, this is priced in starter-home territory for Midland. With multiple bedrooms, it has room to grow into. Factor in property taxes when calculating your true monthly cost.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
Does it have a basement, and is it finished?+
Yes — Unfinished, N/A. A finished basement adds meaningful living space beyond the listed square footage.
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