203 GIANETTO DRIVE,Midland,Ontario,L4R5J4
For sale
$560,000
203 GIANETTO DRIVE,Midland,Ontario,L4R5J4
Midland triplex offering strong rental income and positive cash flow. All units are currently tenanted on a month-to-month basis with tenants in good standing. Each unit has separate hydro meters. Steel roof. The building includes two 2-bedroom units and one 3-bedroom : Unit 1-2 bedrooms $1,144.31 pm (month to month); Unit 2-2 bedrooms$1,700pm (12 month lease to March 1st 2027); Unit 3-3 bedrooms $1,190.53 pm (month to month.) 2024 water costs total $754.97. The purchase also includes the adjacent vacant lot at 1108 Harbourview Drive, as the existing septic system services both properties. Future potential to sever and create a separate building lot if municipal sewers are extended to the property (buyer to complete their own due diligence). Excellent opportunity for investors seeking stable income with future development potential. (id:63658)
PROPERTY SUMMARY
| MLS® # | : | S12891894 |
| Listing price | : | $560,000 |
| Listed on | : | 23-03-2026 |
| Property subtype | : | For sale |
| Square footage | : | 2000 sqft |
| Year built | : | 0000 |
| Listing office | : | RE/MAX By The Bay Brokerage |
BEDROOM & BATHROOM
| Total bedrooms | : | 7 Bedrooms |
| Total bathrooms | : | 3 Bathrooms |
BUILDING
| Building type | : | |
| Parking | : | No Garage |