Property Information:

Legal Midland Duplex with Strong Income Potential - Ideal for Investors or Owner-Occupiers. This legal duplex is located in a convenient Midland neighbourhood, close to the Catholic high school. One of the property's standout features is its rare and desirable layout. The main floor offers 4 bedrooms, while the lower unit provides 3 bedrooms, making it an excellent option for larger families and helping maximize rental appeal.The lower unit is occupied by an excellent long-term tenant on a month-to-month lease, currently paying $1,835 per month inclusive.The upper unit has recently undergone approximately $25,000 in renovations and is vacant, giving buyers flexibility from day one. Move in yourself and enjoy the rental income from the lower unit or rent the upper unit to take advantage of an estimated market rent of approximately $2,600 per month inclusive.The property has a proven rental history, and the 2025 utility costs while both units were occupied totalled $7,967, broken down as follows:Hydro $3,327; Gas $1,126Water & Sewer $1,468; Hot Water Heater Rental $2,045. Whether you are looking to live in one unit while generating rental income from the other or add a legal duplex with strong income potential to your investment portfolio, this is a property well worth considering. (id:27)

Building Features:

Style: Duplex
Building Type: Duplex
Architectural Style: Raised bungalow
Basement Development: Finished
Basement Type: Full
Exterior Finish: Vinyl siding
Floor Space: 1100 - 1500 sqft
Foundation Type: Block
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: None
Appliances: Stove, Refrigerator

Property Features:

Property Type: Multi-family
Bedrooms: 4+3
Bathrooms: 2
Features:
Floor Space (approx): 1100 - 1500 Square Feet
Irregular: Yes
Lot Depth: 101 Feet
Lot Frontage: 51.2 Feet
Lot Size: 51.3 x 101 FT
Sewer: Sanitary sewer
Parking Type: Attached garage, Garage
No. of Parking Spaces: 3

Courtesy of: RE/MAX By The Bay Brokerage

More Detail

Less Detail

Demographic Information of 326 CHRISTINE DRIVE, Midland, Ontario, L4R 5A4

Life Stage

Older Parents, Younger Kids

Employment Type

Mixed

Average Household Income

$95,475.13

Average Number of Children

1.62

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

19.61 %

High school certificate or equivalent

30.4 %

Apprenticeship trade certificate/diploma

5.89 %

College/non-university certificate

29.23 %

University Degree

14.88 %

Commuter

Travel To Work

By Car

94.83 %

By Public Transit

0.0 %

By Walking

2.01 %

By Bicycle

0.0 %

By Other Methods

3.16 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

2.85 %

Houses

97.15 %

326 CHRISTINE DRIVE, Midland, Ontario, L4R 5A4