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BEDROOMS 3
BATHROOMS 3
KITCHENS 12
ROOMS S13797614
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Property Description
Discover this standout 3-Unit investment opportunity! Welcome to this well-maintained detached home in a sought-after Midland neighbourhood. This property features; ***Main Floor: 2 bedrooms/kitchen/bath with direct access to charming, roof-covered front & back porches. ***Second Floor: 2 bedrooms/kitchen/bath featuring a sunny balcony right off the living room. ***Third Floor: 1 studio-style bedroom/kitchen/bath layout. ***Basement: Washer/Dryer, 3 separate water heaters, single shared furnace. Many big-ticket upgrades already done! In 2015 upgraded windows were installed on Main & 2nd floors. Refreshed and updated kitchens and bathrooms on both the main, second & third floors. (A comprehensive maintenance and upgrade list is fully detailed in the schedules.) Documents available to support the history of multi-family use. Three separate hydro meters, one for each unit, plus an additional hydro meter for the laundry/utility room in the basement. Perfect for multi-generational families or investors. Property is being sold in 'as-is' condition. Buyer to verify and satisfy themselves with respect to current municipal zoning compliance, MPAC designations and Ontario Fire Code requirements.
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Property Features
Hospital, Library, Marina, Public Transit, Rec./Commun.Centre, School, Guest Accommodations, In-Law Capability, In-Law Suite, Primary Bedroom - Main Floor, Separate Hydro Meter, Suspended Ceilings, Water Heater, Private, Carbon Monoxide Detectors, Smoke Detector, Fire Escape
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Property Details
Address
486 Hannah Street
Community
City
Postal Code
L4R 2G9
Property Type
Detached, Detached
Zoning
R3
Lot Size
45' x 137'
Taxes
$3,062 (2026
Basement
Separate Entrance, Full, Unfinished, Walk-Up, Partial Basement
Exterior
Deck, Paved Yard, Porch
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
3
Garage Type
None
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Listing contracted with Royal Lepage Terrequity Realty
Perfect investment live in and run your business from this property, many of the commercial elements done, perfect for any type of office, Insurance, Accountant, Real Estate Office, has front and rear entrances and is full Of Old Charm & Located In A High Traffic Area Downtown Midland, You'll Have No Issue With Visual Exposure Here On Midland Avenue! Currently Set Up As A Live In Residence, This Commercial Building Offers 1,570 Sq Ft, Wheel Chair Accessibility & Rear Parking. Ideal For Office Use, But Suitable For Retail As Well.
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Solid century home with 2 separate apartments with separate entrances on separate water and hydro meters. Live in the main floor 2 bedroom apartment and collect income for the upper in-law 2 bedroom suite. Lower level is clean, freshly painted and in ready to move in condition. Large, bright rooms with a spacious kitchen/dining room which includes hook-up for washer and dryer. Walk out to a cozy deck to enjoy your morning coffee. The second floor includes a large primary bedroom, generous living room with a gas fireplace, eat-in kitchen, and a second bedroom. There is a laundry area included with a washer and dryer built into a hallway nook. The home is heated with radiant heat supplied by a natural gas boiler installed in 2023. The second floor tenants pay $1600 a month plus hydro and water and would like to stay. Convenient location, just steps to downtown Midland for shopping, public transit, restaurants and amenities.
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