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. (id:4069)
Address
203 GIANETTO DRIVE
List Price
$560,000
Property Type
Multi-family
Type of Dwelling
Multi-family
Transaction Type
Sale
Area
Ontario
Sub-Area
Midland
Bedrooms
7
Bathrooms
3
Floor Area
2000 - 2500 Sq. Ft.
Lot Size
50 x 164 FT Sq. Ft.
MLS® Number
S12891894
Listing Brokerage
RE/MAX By The Bay Brokerage
Basement Area
None
Postal Code
L4R5J4
