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BEDROOMS 2
BATHROOMS 2
KITCHENS 7
ROOMS S13873480
MLSID Contact Us
Property Description
Turnkey duplex with excellent upside potential in Midland's quiet west end. This fully self-contained, front & back duplex boasts an ideal set up, ample parking, entirely metered utilities, and individual laundry areas. Unit 1: 1 bedroom, 1 bathroom, and a full, private, partially finished basement. Easily converted back to a 2-bedroom unit, creating an opportunity to increase rental income. Features gas heat and a gas fireplace. Vacant January 1st, allowing the new owner to set market rent, renovate to add a bedroom, or occupy the unit themselves. Unit 2: 2 bedrooms, 1 bathroom, a full partially finished basement, and a reliable long term tenant already in place. Tenant pays their own water and hydro. With one unit offering immediate value add and income growth potential and the other providing stable rental income, this is an excellent opportunity to add a flexible income-producing property to your portfolio.
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2017-06-30 | 2017-07-07 | 7 | $344,900 | $495,000 |
Property Features
Hospital, Lake/Pond, Library, Park, School, School Bus Route, Primary Bedroom - Main Floor, Sump Pump, Private, Carbon Monoxide Detectors, Smoke Detector
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Property Details
Address
337 Norene Street
Community
City
Postal Code
L4R 4C3
Property Type
Duplex, Duplex
Lot Size
60' x 111'
Acreage
0.2 Feet
Taxes
$3,806 (2026
Basement
Full, Unfinished
Exterior
Deck
Heat Type
Baseboard
Heat Source
Electric
Water
Municipal
Parking Spaces
6
Garage Type
Detached
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Listing contracted with Team Hawke Realty
Attention investors and homebuyers! Looking for an investment with real cash-flow potential? Look no further!Welcome to 154 Fifth Street in Midland-a legal duplex offering flexibility, excellent income potential, and vacant possession.The property features a one-bedroom unit that recently rented for $1,615 per month and a two-bedroom unit that rented for $1,850 per month, with tenants responsible for all utilities in addition to their monthly rent.Vacant possession gives you the flexibility to set your own rents, choose your own tenants, move into one unit while renting the other to help offset your mortgage, or accommodate extended family.Each self-contained unit has its own driveway, hydro meter, in-suite laundry and storage shed, providing added convenience and privacy. Ideally located within walking distance of downtown Midland and the waterfront trail, residents can enjoy easy access to local shops, restaurants and beautiful Georgian Bay.Whether you're looking to expand your investment portfolio, reduce your housing costs or explore a multi-generational living arrangement, this versatile property offers plenty of possibilities!
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Attention investors! Here is a rare, low-stress addition to your portfolio. Located in a desirable, high-demand neighborhood on Midland's west side, this exceptionally well-maintained duplex is completely optimized for independent tenant living. The property features two spacious units (a 3-bedroom upper unit and a 2-bedroom lower unit), each completely self-contained to minimize your landlord overhead.The smartest feature of this build? Absolutely everything is separate. Both units boast their own private driveways, separate hydro meters, independent gas furnaces, individual A/C units, dedicated hot water heaters, separate electrical panels, and in-suite laundry facilities.The grade-level entry lower unit is a bright, accessible space currently generating $1,400/month plus utilities. The expansive main-floor upper unit is currently vacant. With all appliances included and a structure built for minimal maintenance, you can sit back and collect immediate cash flow from day one!
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