538 Nelson Street

Midland, ON

MLS® 40680663

For sale
$525,000

Attention investors! This turn-key duplex offers the perfect opportunity to expand your portfolio in a great location near parks, Little Lake, and a variety of amenities. With great tenants already in place in the upper unit, you’ll benefit from steady rental income. The lower unit is vacant, providing you with the flexibility to set your own market rent and choose your own tenants. This bungalow-style duplex features a total of 1689 sq.ft. of living space, with a 2-bedroom, 1-bathroom upper unit and a 3-bedroom, 1-bathroom lower unit. Dual driveways offer plenty of parking, while the spacious backyard adds outdoor appeal for tenants. Whether you’re a seasoned investor, just starting out, or looking for a home with income potential, this property offers immediate returns and excellent long-term potential. With one unit ready for occupancy, it’s a fantastic opportunity to subsidize your expenses by living in one unit while renting out the other.
Property Details
Parking Total
7
Property Type
Residential
Community Features
Rectangular
Ample Parking
Cul-De-Sac
Dog Park
Park
Playground Nearby
Public Transit
Schools
Shopping Nearby
Building
Appliances
Refrigerator
Stove
Basement Type
Full
Finished
Bathrooms
2
Bedrooms
5
Building Type
Duplex Up/Down
Construction Materials
Brick Veneer
Vinyl Siding
Heating
Baseboard
Electric
Roof
Asphalt Shing
Sewer
Sewer (Municipal)
Stories
2
Water Source
Municipal
Building Amenities
Separate Hydro Meters
Land
Lot Depth
82.28 ft
Lot Front
66.61 ft
Lot Size Area
0.126
Acres
< 0.5 Acres
Zoning
R3
Landscape Features
Privacy
Separate Hydro Meters
Walk Score
Keller Williams Experience Realty, Brokerage (Unit B)

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Listing ID: 155710188
Last Updated: 2024-11-25 15:49:21