140 Fifth St

Midland, Midland, L4R 3V7
FOR SALE
$599,900
140 Fifth St, Midland
140 Fifth St
140 Fifth St
140 Fifth St
140 Fifth St
140 Fifth St
140 Fifth St
140 Fifth St
140 Fifth St
140 Fifth St
140 Fifth St
140 Fifth St
140 Fifth St
140 Fifth St
140 Fifth St
140 Fifth St
140 Fifth St
140 Fifth St
140 Fifth St
140 Fifth St
140 Fifth St
140 Fifth St
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2 + 2
BEDROOMS
3
BATHROOMS
1 + 1
KITCHENS
4 + 4
ROOMS
S5654853
MLSID
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Property Description
Recently Updated Legal Duplex In Midland That Is Fully Tenanted With Great Tenants. This Turnkey 2 Bed 2 Bath Upper And 2 Bed 1 Bath Lower Is The Ideal Purchase For Those Looking To Break Into The Investment Market Or For Those Looking To Increase Their Portfolio. Furnace, Roof And Most Windows Are Only Five Years Old Giving You Piece Of Mind That The Large Items Won't Be An Issue. Don't Hesitate Because This Opportunity And Its Amazing Value Will Be Gone Before You Know It.
Property Details
Street
Community
Property Type
Duplex, 2-Storey
Lot Size
50' x 100'
Fronting
West
Taxes
$3,125 (2022)
Basement
Apartment
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
None
Midland Market Statistics
Midland Price Trend
140 Fifth St is a 2-bedroom 3-bathroom home listed for sale at $599,900, which is $77,600 (11.5 %) lower than the average sold price of $677,500 in the last 30 days (June 2 - July 1). During the last 30 days the average sold price for a 2 bedroom home in Midland increased by $19,000 (2.9 %) compared to the previous 30 day period (May 3 - June 1) and up $117,500 (21.0 %) from the same time one year ago.
Inventory Change
There were 10 2-bedroom homes listed in Midland over the last 30 days (June 2 - July 1), which is down 0.0 % compared with the previous 30 day period (May 3 - June 1) and up 150.0 % compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom homes in Midland typically sold ($10,450) (1.5 %) below asking price over the last 30 days (June 2 - July 1), which represents a $12,000 decrease compared to the previous 30 day period (May 3 - June 1) and $5,100 less than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom homes in Midland over the last 30 days (June 2 - July 1) stood at 60.0 %, up from 20.0 % over the previous 30 days (May 3 - June 1) and up from 50.0 % one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 3-bathroom home in Midland stood at 17 days when successfully sold over the last 30 days (June 2 - July 1), compared to 20 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Hallmark Chay Realty, Brokerage
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Fantastic 3 Bedroom Bungalow With A Legal Three Bedroom Lower Suit On A Large Mature Lot In Midland. Many Recent Updates Including Flooring, Kitchen Appliances And Bathrooms With Tenants Already In Place Making This A Turn Key Investment Property Ideal For Those Looking To Break Into The Investment Market Or For Those Looking To Expand Their Portfolio. Two Separate Single Width Driveways With Two Parking For Each Unit.
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