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4 + 3
BEDROOMS 3
BATHROOMS 1 + 1
KITCHENS 8 + 5
ROOMS S13556214
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Property Description
Great value can be found in this well located West End Duplex which is vacant. Perfect opportunity for Investor to set own rents or for a Multi-Generational Family to occupy. The Main part of the home with full basement was built new in 2018 (original foundation not replaced). The main floor features: 4 Bedrooms * Open Concept Living/Dining/Kitchen with Walk out to deck and fenced yard * 2-4pc Bath * Laundry * Primary Bedroom Suite with Bedroom, Bath, Sitting area with Bar and Walk-Out to yard * Shared Parking. The full basement features: 3 Bedrooms * Open Concept Living/Dining/Kitchen * 4 pc Bath * Laundry * 2+ Car Parking off of Hugel Ave. There are 2 hydro meters. Located In North Simcoe and Offers So Much to Do - Boating, Fishing, Swimming, Canoeing, Hiking, Cycling, Hunting, Snowmobiling, Atving, Golfing, Skiing and Along with Theatres, Historical Tourist Attractions and So Much More. Only 5 Minutes to Penetang, 45 Mins to Orillia, 45 Minutes to Barrie and 90 Mins to GTA.
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2018-03-21 | 2018-04-13 | 23 | $495,000 | $495,000 |
| 2013-10-26 | 2013-10-31 | 5 | $206,000 | $180,000 |
Property Features
Arts Centre, Fenced Yard, Hospital, Public Transit, Library, Marina, Accessory Apartment, Primary Bedroom - Main Floor, Private Double, Other
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Property Details
Address
282 Norene Street
Community
City
Postal Code
L4R 4C2
Property Type
Duplex, Duplex
Zoning
R3
Lot Size
64' x 100'
Taxes
$5,371 (2025
Basement
Apartment, Full, Separate Entrance, Finished
Exterior
Landscaped, Deck
Heat Type
Baseboard
Heat Source
Electric
Water
Municipal
Parking Spaces
5
Garage Type
Carport
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Listing contracted with Re/Max Georgian Bay Realty Ltd
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.
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Well-maintained Midland duplex , easy to rent and positive cash flow. Long-standing tenants who take evident care and upkeep of the property.Each unit offers a spacious and functional layout with a full kitchen, comfortable living area and in-suite laundry. Both units are currently rented on a month-to-month basis, providing flexibility for future adjustments.Current rental income:Upper unit: 3 bedrooms, $1,835.13/month. Lower unit: 2 bedroom, $1,635.86/month. Both inclusive. Total utility costs for 2025: Hydro $2,941.27; Gas $860.90; Water/Sewer $1,403.44; Hot Water Heater $369.68. An excellent opportunity for investors seeking a stable, income-generating property in a sought-after location. No internal photos for tenant privacy.
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