351 Borden Street

Midland, ON

MLS® 40666532

For sale
$849,900

Bedrooms
9
Bathrooms
6
Looking for a centrally located, purpose-built 5-plex in the heart of Midland? Look no further than this exceptional investment opportunity! This well-maintained building includes three 2-bed/1-bath units, one 1-bed/1-bath unit, and a spacious two-story 2-bed/2-bath landlord's unit, complete with its own driveway, garage, and large backyard. The three 2-bedroom units are vacant and primed for current market rents—two have been recently renovated, while the third is awaiting final touches. The property also boasts a new roof (2024), several updated windows (2023), and convenient on-site coin laundry. Whether you're looking to rent out all five units for maximum income or prefer to live in the spacious landlord unit while renting out the remaining four for steady cash flow, this property offers incredible flexibility. Located just moments from downtown Midland, tenants will enjoy easy access to shops, restaurants, parks, schools, and public transportation. With Midland's vibrant community and prime location, this building is an attractive rental option, ensuring steady income and long-term appreciation. Whether you're a seasoned investor or entering the real estate market, this low-maintenance, high-return property is a fantastic opportunity!
Property Details
Parking Total
5
Property Type
Residential
Community Features
Hospital
Marina
Park
Place of Worship
Playground Nearby
Public Transit
Rec./Community Centre
School Bus Route
Schools
Shopping Nearby
Building
Appliances
Refrigerator
Stove
Bathrooms
6
Bedrooms
9
Building Type
Multi-5 Unit
Construction Materials
Brick
Heating
Natural Gas
Radiant
Roof
Asphalt Shing
Sewer
Sewer (Municipal)
Stories
2
Water Source
Municipal
Land
Lot Depth
125.07 ft
Lot Front
70.00 ft
Acres
< 0.5 Acres
Zoning
R4
Walk Score
Royal LePage In Touch Realty, Brokerage (Hwy 93)

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Listing ID: 154968070
Last Updated: 2024-11-20 17:50:39