For Sale

$870,000

351 Borden Street, Midland, ON L4R 4N7

9 Beds

Remarks

Looking for a centrally located, purpose-built 5-plex in the heart of Midland? Look no further than this exceptional investment opportunity! This well-maintained building includes three 2-bed/1-bath units, one 1-bed/1-bath unit, and a spacious two-story 2-bed/2-bath landlord's unit, complete with its own driveway, garage, and large backyard. The three 2-bedroom units are vacant and primed for current market rents—two have been recently renovated, while the third is awaiting final touches. The property also boasts a new roof (2024), several updated windows (2023), and convenient on-site coin laundry. Whether you're looking to rent out all five units for maximum income or prefer to live in the spacious landlord unit while renting out the remaining four for steady cash flow, this property offers incredible flexibility. Located just moments from downtown Midland, tenants will enjoy easy access to shops, restaurants, parks, schools, and public transportation. With Midland's vibrant community and prime location, this building is an attractive rental option, ensuring steady income and long-term appreciation. Whether you're a seasoned investor or entering the real estate market, this low-maintenance, high-return property is a fantastic opportunity!

Inclusions:

None,Coin Operated Washer, Coin Operated Dryer

Property Summary

  • Lot Frontage: 70.00 Feet
  • Lot Depth: 125.07 Feet
  • No. of Parking Spaces: 5
  • Floor Space (approx): 4494 Square Feet
  • Built in: 1973
  • Bedrooms: 9
  • Zoning: R4

Property Features:

  • Basement:
    None
  • Construction Materials:
    Brick
  • Cooling:
    None
  • Heating:
    Natural Gas , Radiant
  • Acres Range:
    < 0.5
  • Driveway Parking:
    Private Drive Single Wide
  • Laundry Features:
    Coin Operated
  • Lot Features:
    Hospital , Marina , Park , Place of Worship , Playground Nearby , Public Transit , Rec./Community Centre , School Bus Route , Schools , Shopping Nearby
  • Parking Features:
    Attached Garage , Asphalt
  • Roof:
    Asphalt Shing
  • Sewer:
    Sewer (Municipal)
  • Water Source:
    Municipal
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