326 CHRISTINE DRIVE, Midland, Ontario
$520,000
- 7 Beds
- 2 Baths
Legal Duplex in Midland - Excellent Opportunity for Investors or Owner-Occupiers! A combination of space, flexibility and income potential, this legal duplex in Midland is an excellent opportunity for investors or buyers looking to offset their mortgage with rental income.Conveniently located in an established neighbourhood close to the Catholic high school. Four bedrooms in the upper unit and three bedrooms in the lower unit. Recently completed approximately $25,000 in renovations in the upper vacant unit. The new owner to move in immediately or select their own tenant. Estimated market rent for this unit is approximately $2,600 per month inclusive.The lower unit is occupied by an excellent long-term tenant on a month-to-month tenancy, currently paying $1,835 per month inclusive. With both units rented at the current and estimated rates, the property offers potential gross rental income of $4,435 per month, or $53,220 annually.For buyers considering the investment potential, the property has an established rental history. Total utility costs for 2025, when both units were occupied, were $7,967, including hydro ($3,327), gas ($1,126), water and sewer ($1,468), and hot water heater, (approx $400.00).Whether you're an investor looking to expand your portfolio or a homeowner seeking the financial benefits of a second rental unit, this legal duplex offers versatility, established income and the opportunity to generate additional revenue from day one. (id:56241)
- Listing ID: S14105432
- Property Type: Multi-family
Schedule a Tour
Schedule Private Tour
Becky Hunt would happily provide a private viewing if you would like to schedule a tour.
Match your Lifestyle with your Home
Contact Becky Hunt, who specializes in Midland real estate, on how to match your lifestyle with your ideal home.
Get Started Now
Lifestyle Matchmaker
Let Becky Hunt find a property to match your lifestyle.
Listing provided by RE/MAX By The Bay Brokerage
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.
This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 326 CHRISTINE DRIVE in Midland Ontario. It was last modified on October 26th, 2026. Contact Becky Hunt to schedule a viewing or to discover other Midland real estate for sale.