351 Borden Street, Midland, ON
Property no longer active
This property was sold on November 29, 2024. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2-Storey multiplex located in the coveted neighborhood of Midland. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $849,900 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.
- 9 Bedrooms and 6 Bathrooms with 5 functional kitchens
- Premium 70 x 125.07 ft lot size
- Features a full basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available with a convenient built-in configuration
- Notable attributes: Separate Hydro Meter
- Efficient water heating via gas
Description
Looking for a centrally located, purpose-built 5-plex in the heart of Midland? Look no further than this exceptional investment opportunity! This well-maintained building includes three 2-bed/1-bath units, one 1-bed/1-bath unit, and a spacious two-story 2-bed/2-bath landlord's unit, complete with its own driveway, garage, and large backyard. The three 2-bedroom units are vacant and primed for current market rentstwo have been recently renovated, while the third is awaiting final touches. The property also boasts a new roof (2024), several updated windows (2023), and convenient on-site coin laundry. Whether you're looking to rent out all five units for maximum income or prefer to live in the spacious landlord unit while renting out the remaining four for steady cash flow, this property offers incredible flexibility. Located just moments from downtown Midland, tenants will enjoy easy access to shops, restaurants, parks, schools, and public transportation. With Midland's vibrant community and prime location, this building is an attractive rental option, ensuring steady income and long-term appreciation. Whether you're a seasoned investor or entering the real estate market, this low-maintenance, high-return property is a fantastic opportunity!
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Property Summary
This multiplex located at 351 Borden Street, Midland is currently for sale and has been available on SousaSells for 631 days. This property is listed at $849,900 with an estimated mortgage of $2,829* per month. It has 9 beds, 6 bathrooms, and is unknown square feet. 351 Borden Street, Midland is in the Midland neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 351 Borden Street, Midland, ON L4R 4N7
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Midland, ON
For a property listed at $849,900 in Midland, the legal minimum down payment is $59,990 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $13,473 for this transaction. As this listing is in Midland (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $13,473.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.