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$599,000Asking Price

224 4th Street, Midland, ON L4R 3T5

Midland, Midland

Duplex
6
Bedrooms
3
Baths
6
Parking
Days on Market

This legal duplex offers a rare opportunity to generate steady rental income with three fully self-contained units, perfectly situated in Midland's vibrant downtown core. The property includes a bright and spacious 1-bedroom, 1-bath main floor unit with on-site laundry; a second main floor unit offering 2 bedrooms and 1 bath; and a well-appointed upper-level unit with 2 bedrooms, 1 bath, a bonus den, and its own laundry facilities. With a smart layout and private living spaces, this home caters perfectly to the needs of todays renters. Outside, the partially fenced backyard offers a shared outdoor area, while two separate driveways provide ample parking for tenants. Located just minutes from Georgian Bay, marinas, downtown shops and restaurants, and all essential amenities, this property is a fantastic option for those looking to invest in a high-demand rental market. Whether you're expanding your portfolio or entering the investment space for the first time, this property offers immediate income potential and long-term value. Take possession any time this is a rare find in one of Midlands most sought-after locations.

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This legal duplex offers a rare opportunity to generate steady rental income with three fully self-contained units, perfectly situated in Midland's vibrant downtown core. The property includes a bright and spacious 1-bedroom, 1-bath main floor unit with on-site laundry; a second main floor unit offering 2 bedrooms and 1 bath; and a well-appointed upper-level unit with 2 bedrooms, 1 bath, a bonus den, and its own laundry facilities. With a smart layout and private living spaces, this home caters perfectly to the needs of todays renters. Outside, the partially fenced backyard offers a shared outdoor area, while two separate driveways provide ample parking for tenants. Located just minutes from Georgian Bay, marinas, downtown shops and restaurants, and all essential amenities, this property is a fantastic option for those looking to invest in a high-demand rental market. Whether you're expanding your portfolio or entering the investment space for the first time, this property offers immediate income potential and long-term value. Take possession any time this is a rare find in one of Midlands most sought-after locations.

Key Info

  • 2.5-Storey Duplex
  • 4+ Parking
  • No Garage
  • Bay St/4th
  • 2000-2500 Approximate Sq Feet
  • 100+ Years Approximate Age
  • No Ensuite Laundry
  • Forced Air Gas Heating
  • No A/C

Property

  • Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
  • Taxes were $4,358 in 2024
  • Possession: Flexible

Details

  • Brick Exterior
  • No Fireplace
  • 3 Kitchens
  •  
  • MLS #S12317980
  • Keller Williams Co-Elevation Realty, Brokerage

Extras

Room Floor Dimensions Details
1 Kitchen Main 11.68' x 11.58'
2 Kitchen Main 8.23' x 11.52'
3 Laundry Main 11.98' x 9.25'
4 Kitchen Upper 9.65' x 9.91'
Washroom1 3-Piece Bathroom on Main Floor
Washroom1 3-Piece Bathroom on Main Floor
Washroom1 4-Piece Bathroom on Upper

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%