326 Christine DR, Midland, ON L4R 5A4
326 Christine DR, Midland, ON L4R 5A4
326 Christine DR, Midland, ON L4R 5A4
326 Christine DR, Midland, ON L4R 5A4
326 Christine DR, Midland, ON L4R 5A4
326 Christine DR, Midland, ON L4R 5A4
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Romona Okereke

Romona Okereke

+1(416) 342-3870
$ 520,000
Est. payment | /mo

4 Beds

2 Baths

Save
$ 520,000
Est. payment | /mo
Save

4 Beds

2 Baths

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1100-1500

Subdivision Midland

MLS Listing ID S14105432

Style Bungalow-Raised

Bedrooms 4

Annual Tax Amount $4,067

Tax Year 2025

Property Sub-Type Duplex

Property Description

Legal Duplex in Midland - Excellent Opportunity for Investors or Owner-Occupiers! A combination of space, flexibility and income potential, this legal duplex in Midland is an excellent opportunity for investors or buyers looking to offset their mortgage with rental income.Conveniently located in an established neighbourhood close to the Catholic high school. Four bedrooms in the upper unit and three bedrooms in the lower unit. Recently completed approximately $25,000 in renovations in the upper vacant unit. The new owner to move in immediately or select their own tenant. Estimated market rent for this unit is approximately $2,600 per month inclusive.The lower unit is occupied by an excellent long-term tenant on a month-to-month tenancy, currently paying $1,835 per month inclusive. With both units rented at the current and estimated rates, the property offers potential gross rental income of $4,435 per month, or $53,220 annually.For buyers considering the investment potential, the property has an established rental history. Total utility costs for 2025, when both units were occupied, were $7,967, including hydro ($3,327), gas ($1,126), water and sewer ($1,468), and hot water heater, (approx $400.00).Whether you're an investor looking to expand your portfolio or a homeowner seeking the financial benefits of a second rental unit, this legal duplex offers versatility, established income and the opportunity to generate additional revenue from day one.

Location

Province ON

County Simcoe

Area Simcoe

Rooms

Family Room No

Basement Finished, Full

Kitchen 2

Separate Den/Office 3

Interior

Interior Features In-Law Suite

Cooling None

Fireplace No

Heat Source Gas

Exterior

Garage Spaces 1.0

Pool None

Roof Type Asphalt Shingle

Lot Frontage 51.3

Lot Depth 101.0

Total Parking Spaces 3

Building

Foundation Block

Others

ParcelsYN No

Listed by RE/MAX By The Bay Brokerage

Nearby Locations

Romona Okereke

I help buyers, sellers, renters and investors across the GTA and Simcoe County understand their options and plan their next move. Tell me what you are looking for, and I will help you take the next step.

+1(416) 342-3870

soldbyromona@gmail.com

4711 Yonge St. 10th Floor, Toronto, ON M2N 6K8, CAN

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326 Christine DR