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Property Description
OPPORTUNITY! OPPORTUNITY! OPPORTUNITY! Welcome to your dream investment opportunity at 309 Manly St in Midland, ON! This thoughtfully renovated legal duplex offers both style and function, making it an ideal choice for discerning buyers seeking both rental income and modern living. This duplex features two units, each with separate entrances ensuring privacy and convenience for occupants. This property is set on a generously sized lot, providing outdoor space that can be tailored to meet your landscaping or gardening desires. Located in a friendly community, the duplex is just a couple of minutes away from essential amenities. Valu-mart is a mere 400 meters away, making grocery trips quick and easy. Additionally, the nearby Childrens Park, located about 520 meters away, offers a great recreational area for families to enjoy. This property is not just a home, but a smart investment in a growing area that promises potential for appreciation. Whether you're looking to fully rent both units or occupy one while renting. Don't miss this opportunity, book your showing today!
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Property Features
Fenced Yard, Hospital, Library, Place Of Worship, School, School Bus Route
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Property Details
Street
Community
City
Property Type
Duplex, 1 1/2 Storey
Approximate Sq.Ft.
1100-1500
Lot Size
50' x 178'
Fronting
East
Taxes
$3,599 (2024)
Basement
Part Fin
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
2
Driveway
Pvt Double
Garage Type
None
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Midland Market Statistics
Midland Price Trend
309 Manly St is a 3-bedroom 2-bathroom home listed for sale at $599,900, which is $2,400 (0.4%) higher than the average sold price of $597,500 in the last 30 days (August 16 - September 14). During the last 30 days the average sold price for a 3 bedroom home in Midland declined by $72,083 (10.8%) compared to the previous 30 day period (July 17 - August 15) and down $21,554 (3.5%) from the same time one year ago.Inventory Change
There were 24 3-bedroom homes listed in Midland over the last 30 days (August 16 - September 14), which is up 4.3% compared with the previous 30 day period (July 17 - August 15) and up 50.0% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Midland typically sold ($26,080) (4.4%) below asking price over the last 30 days (August 16 - September 14), which represents a $1,086 increase compared to the previous 30 day period (July 17 - August 15) and ($295) 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 3-bedroom homes in Midland over the last 30 days (August 16 - September 14) stood at 62.5%, up from 52.2% over the previous 30 days (July 17 - August 15) and down from 462.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Midland stood at 30 days when successfully sold over the last 30 days (August 16 - September 14), compared to 48 days before being removed from the market upon being suspended or terminated.Listing contracted with Chase Realty Inc.
Similar Listings
This charming detached century house, perched on the hill with views of Midland Bay is a duplex offering an excellent opportunity for investors. Just Steps from the marina and a short walk to Downtown Midland, this property boasts two spacious 2-bedroom units, each with full kitchens & private laundry. Recent upgrades include: painted interior, new exterior doors, new kitchen cabinets, bathroom cabinets, a new toilet, sink and new washer in the main floor bathroom, a new washer and dryer in Unit 2. Upgraded 200 amp fuse box and numerous improvements along the way all amounting to $40k+in upgrades. With its prime location, historical charm and recent updates this duplex is an opportunity that you don't want to miss.
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