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520 Elizabeth Street Midland, Ontario L4R 2A1

4 Bedroom 3 Bathroom 2163 sqft
None Hot Water Radiator Heat

$999,500

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:51398)

Property Details

MLS® Number 40593190
Property Type Single Family
Amenities Near By Park, Public Transit, Shopping
Community Features Community Centre
Parking Space Total 2

Building

Bathroom Total 3
Bedrooms Above Ground 4
Bedrooms Total 4
Basement Development Unfinished
Basement Type Full (unfinished)
Construction Style Attachment Detached
Cooling Type None
Exterior Finish Brick, Vinyl Siding
Foundation Type Stone
Half Bath Total 1
Heating Fuel Natural Gas
Heating Type Hot Water Radiator Heat
Stories Total 2
Size Interior 2163 Sqft
Type House
Utility Water Municipal Water

Parking

Detached Garage

Land

Acreage No
Land Amenities Park, Public Transit, Shopping
Sewer Municipal Sewage System
Size Depth 97 Ft
Size Frontage 53 Ft
Size Total Text Under 1/2 Acre
Zoning Description Dc-f2

Rooms

Level Type Dimensions
Second Level Bedroom 16'6'' x 10'0''
Second Level Bedroom 13'0'' x 7'11''
Second Level 4pc Bathroom Measurements not available
Second Level Living Room 17'0'' x 12'9''
Second Level Kitchen 14'3'' x 10'0''
Main Level Utility Room 13'2'' x 12'0''
Main Level 2pc Bathroom Measurements not available
Main Level Laundry Room 25'9'' x 13'2''
Main Level Sunroom 19'5'' x 5'6''
Main Level 4pc Bathroom Measurements not available
Main Level Bedroom 13'4'' x 10'6''
Main Level Bedroom 12'0'' x 11'9''
Main Level Eat In Kitchen 19'6'' x 10'4''
Main Level Living Room 15'8'' x 11'8''

https://www.realtor.ca/real-estate/26931813/520-elizabeth-street-midland

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