Midland · L4R 5A4
$550,000
$500 / sq ft1 months on market
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$644,900
Midland
Legal Midland Duplex with Strong Income Potential - Ideal for Investors or Owner-Occupiers. This legal duplex is located in a convenient Midland neighbourhood, close to the Catholic high school. One of the property's standout features is its rare and desirable layout. The main floor offers 4 bedrooms, while the lower unit provides 3 bedrooms, making it an excellent option for larger families and helping maximize rental appeal.The lower unit is occupied by an excellent long-term tenant on a month-to-month lease, currently paying $1,835 per month inclusive.The upper unit has recently undergone approximately $25,000 in renovations and is vacant, giving buyers flexibility from day one. Move in yourself and enjoy the rental income from the lower unit or rent the upper unit to take advantage of an estimated market rent of approximately $2,600 per month inclusive.The property has a proven rental history, and the 2025 utility costs while both units were occupied totalled $7,967, broken down as follows:Hydro $3,327; Gas $1,126Water & Sewer $1,468; Hot Water Heater Rental $2,045. Whether you are looking to live in one unit while generating rental income from the other or add a legal duplex with strong income potential to your investment portfolio, this is a property well worth considering.
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What this home costs beyond the asking price, and how that price compares to what else is on the market.
This home is priced in line with comparable listings — about 33% of comparable multiplex listings in Midland are asking less.
Based on 9 comparable active multiplex listings in Midland. These are asking prices, not sale prices.
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Payable on closing, on top of the purchase price.
An estimate on the asking price of $550,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of RE/MAX By The Bay Brokerage. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
Listing courtesy of Team Hawke Realty
$648,000
Midland
Listing courtesy of SUTTON GROUP-ADMIRAL REALTY INC.
$599,900
Midland
Listing courtesy of RE/MAX Georgian Bay Realty Ltd
$444,900
Midland
Listing courtesy of ROYAL LEPAGE RCR REALTY
$599,900
Midland
Listing courtesy of RE/MAX HALLMARK CHAY REALTY
$645,000
Midland
Listing courtesy of Royal LePage In Touch Realty
