TURN KEY INCOME PROPERTY IN THE HEART OF MIDLAND. A prime investment opportunity in vibrant downtown Midland. This unique property boasts 2 spacious, turnkey 2-bedroom apartments, a detached garage, & commercial space, designed to maximize your income potential while offering an exceptional lifestyle. TWO SPACIOUS 2-BEDROOM APARTMENTS: Each apartment features a well-laid-out design with separate entrances, ensuring privacy and convenience for tenants. Both units are fully rented on month-to-month leases, offering immediate rental income: DETACHED GARAGE: Additional rental income potential with a fully rented detached garage: COMMERCIAL SPACE: The commercial space is currently leased to the successful Laundry Boutique called Downtown Laundry. You can purchase the building and land and lease to the existing business or buy the Laundry Boutique business separately for an added income stream. LOCATION, LOCATION, LOCATION: PRIME DOWNTOWN LOCATION: Situated in the heart of downtown Midland, this property is within walking distance to charming shops, delightful restaurants, the town dock, and waterfront trails perfect for biking, walking, and rollerblading. QUAINT AND SCENIC: Enjoy the quaint ambiance of Midland, set on the picturesque shores of Georgian Bay. The area offers a perfect blend of small-town charm and modern conveniences: INVESTMENT POTENTIAL: HIGH DEMAND RENTAL AREA: Midland's downtown area is a sought-after location, ensuring high demand for rental properties: FLEXIBLE PURCHASE OPTIONS: Whether you choose to lease the commercial space to the current owner or purchase the thriving Laundry Boutique business, the income potential is substantial. Don't miss this exceptional opportunity to invest in a thriving community with a strong rental market and a vibrant downtown lifestyle. For more details and a financial breakdown, contact us today. Explore the possibilities of owning a successful business or enjoying a steady rental income in beautiful Midland. (id:47421)
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Detailed Information
Bedrooms
4
Bathrooms
3
Lot
53 x 97 ft
Amenities Nearby
Park, Public Transit, Shopping
Community Features
Community Centre
Listing Contract Date
2024-05-22
Location Description
King to Elizabeth (between King and First Streets)
Ownership Type
Freehold
# of Parking Spaces
2
Property Type
Single Family
Transaction Type
For sale
Zoning Description
DC-F2
Building
Basement Development
Unfinished
Basement Type
Full (Unfinished)
Construction Style (Attachment)
Detached
Cooling Type
None
Exterior Finish
Brick, Vinyl siding
Foundation Type
Stone
# of Half Bathrooms
1
Heating Fuel
Natural gas
Heating Type
Hot water radiator heat
Stories Total
1.5
Type
House
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
Bedroom
Second level
16'6'' x 10'0''
Bedroom
Second level
13'0'' x 7'11''
4pc Bathroom
Second level
Measurements not available
Living room
Second level
17'0'' x 12'9''
Kitchen
Second level
14'3'' x 10'0''
Utility room
Main level
13'2'' x 12'0''
2pc Bathroom
Main level
Measurements not available
Laundry room
Main level
25'9'' x 13'2''
Sunroom
Main level
19'5'' x 5'6''
4pc Bathroom
Main level
Measurements not available
Bedroom
Main level
13'4'' x 10'6''
Bedroom
Main level
12'0'' x 11'9''
Eat in kitchen
Main level
19'6'' x 10'4''
Living room
Main level
15'8'' x 11'8''
Parking Spaces
Name
Spaces
Detached Garage
Land
Total Size
under 1/2 acre
Amenities
Park, Public Transit, Shopping
Sewer
Municipal sewage system
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