351 Borden Street Active Save Request In-Person Tour Request Virtual Tour
Midland,ON L4R 4N7
Key Details
Property Type Multi-Family
Sub Type Multi-5 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 4,494 sqft
Price per Sqft $193
MLS Listing ID 40666532
Bedrooms 9
Abv Grd Liv Area 4,494
Originating Board The Lakelands
Year Built 1973
Annual Tax Amount $5,001
Property Description
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!
Location
Province ON
County Simcoe County
Area Md - Midland
Zoning R4
Direction King St North to right on Yonge St to left on Borden St
Rooms
Basement None
Kitchen 0
Interior
Interior Features None
Heating Natural Gas,Radiant
Cooling None
Fireplace No
Appliance Refrigerator,Stove
Laundry Coin Operated
Exterior
Garage Attached Garage,Asphalt
Garage Spaces 1.0
Waterfront No
Roof Type Asphalt Shing
Lot Frontage 70.0
Lot Depth 125.07
Parking Type Attached Garage,Asphalt
Garage No
Building
Lot Description Hospital,Marina,Park,Place of Worship,Playground Nearby,Public Transit,Rec./Community Centre,School Bus Route,Schools,Shopping Nearby
Faces King St North to right on Yonge St to left on Borden St
Story 2
Foundation Concrete Block
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 584690022
Ownership Freehold/None