Homes for sale - 351 Borden Street, Midland, ON L4R 4N7

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Ivan Gascho

[email protected] +1(519) 573-7440

Listed by Aaron Pauze • Royal LePage In Touch Realty, Brokerage (Hwy 93 - Unit 200)

$ 849,900

Est. payment -/mo

Save Virtual Tour

Price Dropped by $20K

351 Borden Street Midland, ON L4R 4N7

9 Beds

6 Baths

4,494 SqFt

UPDATED:

11/20/2024 01:40 PM

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 $189

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

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

Ivan Gascho

Broker | License ID: 5015171

+1(519) 573-7440

Ivan Gascho

351 Borden Street Midland, ON L4R 4N7

Key Details

Location

Rooms

Interior

Exterior

Building

Others

GET MORE INFORMATION

Go tour this home

351 Borden Street