Midland, ON L4R 1Y6,258 Elizabeth Street
Midland, ON L4R 1Y6,258 Elizabeth Street
Midland, ON L4R 1Y6,258 Elizabeth Street
$524,900
Est. payment /mo
$539,000
2.6%
Est.Price: ?

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4 Beds
3 Baths
722 SqFt
SOLD DATE : 07/30/2024

Key Details

Sold Price $524,900

Property Type Multi-Family

Sub Type Duplex Side/Side

Listing Status Sold

Purchase Type For Sale

Square Footage 722 sqft

Price per Sqft $727

MLS Listing ID 40581697

Bedrooms 4

Year Built 1942

Annual Tax Amount $3,269

Property Description

This could be your opportunity to enter the real estate investment world with this legal two unit home. This property is unique in that the second suite is actually a detached garden suite with the utilities for both units been separate. The only utility the Landlord pays is the water. Also, with two completely separate dwellings on one lot, there is no noise transferred between units, helping to keep the Tenants happy. The property is presently fully occupied by two respectable Tenants who are paying on time and would like to stay, truly a 'turn-key' investment property. The detached garage was converted into a garden suite in 2019, and it has up-to-date colours and finishings with an electric heat pump for heating and cooling and additional electric baseboards for heating. The original house contains a main floor living room, kitchen, 2 generous bedrooms and a bathroom with an additional shower and rec room in the basement. This property would also make a perfect starter home, live in one unit and rent the other. Located in a quiet Midland neighbourhood close to the lake and downtown amenities.

Location

Province ON

County Simcoe County

Area Md - Midland

Zoning RM1

Rooms

Kitchen 0

Interior

Heating Baseboard, Electric, Forced Air, Natural Gas, Heat Pump

Cooling Central Air

Laundry In-Suite

Exterior

Garage Asphalt

Waterfront No

Roof Type Asphalt Shing

Building

Lot Description Rectangular, Business Centre, City Lot, Hospital, Library, Marina, Park, Place of Worship, Playground Nearby, Public Transit, Rec./Community Centre, Schools, Shopping Nearby

Story 1

Foundation Slab

Sewer Sewer (Municipal)

Water Municipal

Structure Type Aluminum Siding

New Construction No

Schools

Elementary Schools Sacred Heart Catholic School | Mundy'S Bay Ps

High Schools St. Theresa'S Catholic Hs | Georgian Bay Dhs

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