Attention investors and homebuyers! Looking for an investment with real cash-flow potential? Look no further!Welcome to 154 Fifth Street in Midland-a legal duplex offering flexibility, excellent income potential, and vacant possession.The property features a one-bedroom unit that recently rented for... $1,615 per month and a two-bedroom unit that rented for $1,850 per month, with tenants responsible for all utilities in addition to their monthly rent.Vacant possession gives you the flexibility to set your own rents, choose your own tenants, move into one unit while renting the other to help offset your mortgage, or accommodate extended family.Each self-contained unit has its own driveway, hydro meter, in-suite laundry and storage shed, providing added convenience and privacy. Ideally located within walking distance of downtown Midland and the waterfront trail, residents can enjoy easy access to local shops, restaurants and beautiful Georgian Bay.Whether you're looking to expand your investment portfolio, reduce your housing costs or explore a multi-generational living arrangement, this versatile property offers plenty of possibilities!
Full Property Details
Interior
Bedrooms
3
Total Bedrooms
3
Washrooms
2
Square Footage
1100-1500 sqft
Basement
Unfinished
Heating Source
Gas
Heating Fuel
Forced Air
Air Conditioning
Central Air
Family Room
No
Kitchens
2
Total Kitchens
2
Fireplace Features
No
Bedrooms
3
Total Bedrooms
3
Washrooms
2
Square Footage
1100-1500 sqft
Basement
Unfinished
Heating Source
Gas
Heating Fuel
Forced Air
Air Conditioning
Central Air
Family Room
No
Kitchens
2
Total Kitchens
2
Fireplace Features
No
Exterior
Depth
100.0
Front
50.0
Driveway
Private Double
Lot Size
50 x 100.0 ft
Pool
None
Parking Spaces
4
Total Parking Spaces
4.00
Parking Description
None
Garage Spaces
0
Zoning
RS2
Depth
100.0
Front
50.0
Driveway
Private Double
Lot Size
50 x 100.0 ft
Pool
None
Parking Spaces
4
Total Parking Spaces
4.00
Parking Description
None
Garage Spaces
0
Zoning
RS2
Building Description
Style
1 1/2 Storey
Home Type
Apartment
Subtype
Duplex
Year Built
100+
Property Orientation
West
Exterior Finish
Aluminum Siding,Brick
Sewers
Sewer
Water Supply
Municipal
Possession Date
No Data
Style
1 1/2 Storey
Home Type
Apartment
Subtype
Duplex
Year Built
100+
Property Orientation
West
Exterior Finish
Aluminum Siding,Brick
Sewers
Sewer
Water Supply
Municipal
Possession Date
No Data
Community
Community
Midland
Community
Midland
Taxes & Fees
Taxes
$2,849 /yr
Tax Year
2025
Occupancy
Tenant
Taxes
$2,849 /yr
Tax Year
2025
Occupancy
Tenant
Room Types
Bathroom
4 Pc Bath
Dimensions 4.92 x 6.33 feet
31.14 sqft
Bathroom
4 Pc Bath
Dimensions 6.27 x 6.82 feet
42.76 sqft
Bedroom
-
Dimensions 11.09 x 10.66 feet
118.22 sqft
Bedroom
-
Dimensions 13.25 x 10.76 feet
142.57 sqft
Bedroom
-
Dimensions 8.66 x 11.15 feet
96.56 sqft
Kitchen
-
Dimensions 11.09 x 7.84 feet
86.95 sqft
Kitchen
-
Dimensions 11.42 x 15.85 feet
181.01 sqft
Living Room
-
Dimensions 10.93 x 18.83 feet
205.81 sqft
Living Room
-
Dimensions 9.74 x 15.26 feet
148.63 sqft
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