326 CHRISTINE DRIVE,Midland,Ontario,L4R5A4
For sale
$550,000
326 CHRISTINE DRIVE,Midland,Ontario,L4R5A4
Legal Midland Duplex with Strong Income Potential - Ideal for Investors or Owner-Occupiers. This legal duplex is located in a convenient Midland neighbourhood, close to the Catholic high school. One of the property's standout features is its rare and desirable layout. The main floor offers 4 bedrooms, while the lower unit provides 3 bedrooms, making it an excellent option for larger families and helping maximize rental appeal.The lower unit is occupied by an excellent long-term tenant on a month-to-month lease, currently paying $1,835 per month inclusive.The upper unit has recently undergone approximately $25,000 in renovations and is vacant, giving buyers flexibility from day one. Move in yourself and enjoy the rental income from the lower unit or rent the upper unit to take advantage of an estimated market rent of approximately $2,600 per month inclusive.The property has a proven rental history, and the 2025 utility costs while both units were occupied totalled $7,967, broken down as follows:Hydro $3,327; Gas $1,126Water & Sewer $1,468; Hot Water Heater Rental $2,045. Whether you are looking to live in one unit while generating rental income from the other or add a legal duplex with strong income potential to your investment portfolio, this is a property well worth considering. (id:63658)
PROPERTY SUMMARY
| MLS® # | : | S13589338 |
| Listing price | : | $550,000 |
| Listed on | : | 30-07-2026 |
| Property subtype | : | For sale |
| Square footage | : | 1100 sqft |
| Year built | : | 0000 |
| Listing office | : | RE/MAX By The Bay Brokerage |
BEDROOM & BATHROOM
| Total bedrooms | : | 7 Bedrooms |
| Total bathrooms | : | 2 Bathrooms |
BUILDING
| Building type | : | |
| Parking | : |