538 Nelson Street, Midland, ON Midland

$525,000
SKU: S11822987
Property type: Duplex
Area (Sq Ft)
1689
Bedrooms
5
Bathrooms
2

The space

  • Year Built: 1989
  • Property Type : Single Family
  • Building Type : House
  • Land Size : 0.126 ac|under 1/2 acre
  • Total Parking Spaces : 7
  • Appliances Included : Refrigerator, Stove
  • Basement Type : Full (Finished)
  • Features : Cul-de-Sac, Crushed Stone Driveway
  • Style : Detached
  • Architecture Style : Raised Bungalow
  • Structures : Porch
  • Heating Type : Baseboard Heaters, (Electric)
  • Utility Type : Electricity (Available)
  • Utility Communications : High Speed Internet
  • Utility Sewer : Municipal Sewage System
  • Water : Municipal Water
  • Exterior Finish : Brick Veneer, Vinyl Siding
  • Community Features : Community Centre
  • Amenities Nearby : Beach, Park, Playground, Public Transit, Schools, Shopping
  • Square Footage : 1689 sqft
  • Above Grade Finished : 867 sqft
  • Below Grade Finished : 822 sqft
  • Frontage : 67 ft
  • Land Depth : 82 ft
  • Zoning Description : R3

Description

Attention investors! This turn-key duplex offers the perfect opportunity to expand your portfolio in a great location near parks, Little Lake, and a variety of amenities. With great tenants already in place in the upper unit, you’ll benefit from steady rental income. The lower unit is vacant, providing you with the flexibility to set your own market rent and choose your own tenants. This bungalow-style duplex features a total of 1689 sq.ft. of living space, with a 2-bedroom, 1-bathroom upper unit and a 3-bedroom, 1-bathroom lower unit. Dual driveways offer plenty of parking, while the spacious backyard adds outdoor appeal for tenants. Whether you’re a seasoned investor, just starting out, or looking for a home with income potential, this property offers immediate returns and excellent long-term potential. With one unit ready for occupancy, it’s a fantastic opportunity to subsidize your expenses by living in one unit while renting out the other.

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Contact the Agent

Eric Beutler

Sales Representative
Meet Eric Eric is no stranger to Real Estate, having made many Real Estate transactions as ‘a client’, he has a clear understanding of how it feels to be in the middle of a transaction. This feeling has really helped Eric resonate with his clients and empathize with the support and guidance that they will need.  A family man, Eric loves to be outside as much as possible, spending time camping, fishing and skiing. Despite rupturing both Achilles Tendons, Eric is very involved in the community athletic world with himself and his children. When not outside, Eric enjoys woodworking and making custom furniture.  Eric is a problem solver and nothing motivates him more than finding a solution to a challenge and being able to do things for others. Whether it’s cleaning up someone’s yard, making a custom table, negotiating the best deal or even just being a support to someone…