317 HUGEL AVENUE

$450,000

Midland, Midland, Ontario

  • 5 beds
  • 2 baths
Commercial · Multi-familyType
3Parking
Radiant heat, Natural gasHeating
Central air conditioningCooling
172Days on market

About this property

Legal duplex located within walking distance to downtown Midland. Excellent investment opportunity with positive cash flow and reliable tenants in place. The upper unit features 3 bedrooms, a full kitchen, living area, and in-suite laundry, currently leased until June 2026 at $1,950/month; vacant from July 1st.. The lower unit offers 2 bedrooms, a full kitchen, and living area with a long-term tenant on a month-to-month lease paying $1,488.76/month (tenant since October 2021). Separate hydro meters for each unit. 2024 utility costs: gas $1,171.80 and water $2,403. (id:45603)

Property details

Interior

Bedrooms
5
Bedrooms above grade
3
Bedrooms below grade
2
Bathrooms
2
Storeys
1
Basement
Apartment in basement, N/A
Appliances
Washer, Stove, Dryer

Exterior & parking

Structure type
Duplex
Architectural style
["Raised bungalow"]
Lot size
50 x 150 FT
Parking spaces
3
Parking features
No Garage
Exterior features
Aluminum siding

Building & HOA

Heating
Radiant heat, Natural gas
Cooling
Central air conditioning

Financial & legal

List price
$450,000
Annual taxes
$2,968
Status
Active
MLS® number
S12890206

Location

City
Midland
Neighbourhood
Midland
Province
Ontario
Postal code
L4R1T5
Directions
Cross Streets: William Street. ** Directions: William Street to Hugel Avenue.

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Listing data provided under the CREA Data Distribution Facility (DDF®). Information is deemed reliable but not guaranteed. REALTOR®, MLS® and associated logos are owned by The Canadian Real Estate Association (CREA).