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$560,000Asking Price

203 Gianetto Drive, Midland, ON L4R 5J4

Midland, Midland

Triplex
7
Bedrooms
3
Baths
6
Parking
Day on Market

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.

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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.

Key Info

  • Other Triplex
  • 4+ Parking
  • No Garage
  • Harbourview Drive
  • 2000-2500 Approximate Sq Feet
  • No Ensuite Laundry
  • Baseboard Electric Heating
  • No A/C

Property

  • Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
  • Taxes were $3,860 in 2025
  • Possession: Flexible

Details

  • Vinyl Siding Exterior
  • No Fireplace
  • 3 Kitchens
  •  
  • MLS #S12891894
  • RE/MAX By The Bay Brokerage

Extras

Room Floor Dimensions Details
Washroom3 3-Piece Bathrooms

Who lives here?

Midland, Midland is a north GTA neighbourhood.

Families

Kids Per Family

0.9

kids per family
in the neighbourhood.

Midland  (0.9)

Singles

47% of residents are
single and loving it.

47% singles

Midland (47%)

Renters

34% of residents
are renters.

34% renters

Midland (34%)

Education

17% of residents are
university grads.

17% university grads

Midland (17%)

Income

Average Household Income

$82K

is the average household
income in the neighbourhood.

Midland  ($82K)

Professions

Professions

Sales 15%
Trades 9%
Government 7%
Business 6%
Health 5%

Immigrants

9% of residents were
born outside of Canada.

9% immigrants

Midland (9%)

Birthplace - All

UK was once home to 2.3% of immigrants.
Germany 1.0%
USA 0.7%
Philippines 0.5%
China 0.5%

2.3% from UK
All-time

Birthplace - Recent

UK was once home to 0.1% of immigrants.
China 0.1%
Philippines 0.1%
USA 0.1%
India 0.1%

0.1% from UK
Recent

Foreign Languages

Foreign Languages

French 4%
German 2%

Religions

Religions

Christian 75%