Welcome to this remarkable ["3-Storey"] multiplex located in the coveted neighborhood of Midland. Expertly crafted featuring premium metal/steel siding and vinyl siding construction, this residence presents an exceptional opportunity offered at $1,340,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
Steps from the shore of Georgian Bay in Midland's bustling downtown sits this 11 unit, fully tenanted multi-res building. This 3 storey structure features an assortment of layouts and updated spaces, with 4 units on each of the first two floors, and 3 units on the third floor. High historical demand for these dwellings suggests a prospective investor may expect stable income, at a cap rate of 6.5%. When properly configured, the parking area allows for a minimum of 8-10 vehicles. The basement contains multiple storage units, a laundry area, a modest office, utility rooms, and a workshop which could be converted for other applications (including residential). Most units enjoy forced air heat, except two which use electric baseboard. Tenants run their own air conditioning units in warmed months. Reach out today for more information on this excellent investment opportunity *Listing agent is related to the seller
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Data-driven valuation for 313 Midland Avenue, Midland, ON L4R 3K5
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Properties in this area are selling at a steady pace.
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