$560,000Asking Price
Midland triplex offering strong rental income and positive cash flow. All units are currently tenanted on a month-to-month basis with tenants in good standing. Each unit has separate hydro meters. Steel roof. The building includes two 2-bedroom units and one 3-bedroom : Unit 1-2 bedrooms $1,144.31 pm (month to month); Unit 2-2 bedrooms$1,700pm (12 month lease to March 1st 2027); Unit 3-3 bedrooms $1,190.53 pm (month to month.) 2024 water costs total $754.97. The purchase also includes the adjacent vacant lot at 1108 Harbourview Drive, as the existing septic system services both properties. Future potential to sever and create a separate building lot if municipal sewers are extended to the property (buyer to complete their own due diligence). Excellent opportunity for investors seeking stable income with future development potential.
Midland triplex offering strong rental income and positive cash flow. All units are currently tenanted on a month-to-month basis with tenants in good standing. Each unit has separate hydro meters. Steel roof. The building includes two 2-bedroom units and one 3-bedroom : Unit 1-2 bedrooms $1,144.31 pm (month to month); Unit 2-2 bedrooms$1,700pm (12 month lease to March 1st 2027); Unit 3-3 bedrooms $1,190.53 pm (month to month.) 2024 water costs total $754.97. The purchase also includes the adjacent vacant lot at 1108 Harbourview Drive, as the existing septic system services both properties. Future potential to sever and create a separate building lot if municipal sewers are extended to the property (buyer to complete their own due diligence). Excellent opportunity for investors seeking stable income with future development potential.
See More| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 3 3-Piece Bathrooms | ||||
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Midland, Midland is a north GTA neighbourhood.
Kids Per Family
0.9
kids per family
in the neighbourhood.
47%
of residents are
single and loving it.
47% singles
Midland (47%)
34%
of residents
are renters.
34% renters
Midland (34%)
17%
of residents are
university grads.
17% university grads
Midland (17%)Average Household Income
$82K
is the average household
income in the neighbourhood.
Professions
| Sales | 15% |
| Trades | 9% |
| Government | 7% |
| Business | 6% |
| Health | 5% |
9%
of residents were
born outside of Canada.
9% immigrants
Midland (9%)2.3% from UK
All-time
0.1% from UK
Recent
Foreign Languages
| French | 4% |
| German | 2% |
Religions
| Christian | 75% |