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For saleNew listingMLS® S14129136

154 Fifth Street, Midland, ON L4R 3V9

Midland · L4R 3V9

$499,900

$454 / sq ft

6 days on market

Bedrooms
3
Bathrooms
2
Interior
1,100 sf
Parking
4
Lot
50 × 100 ft
Age
100+ years

What's special

  • 4 parking spaces
  • Central air
  • Finished basement
  • Carpet free
  • Separate hydro meter
  • Water meter

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About this property

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!

Rooms

9 rooms. Dimensions as published by the listing brokerage.

Room dimensions and features
RoomLevelDimensionsFeatures
KitchenMain3.48 × 4.82 m11.4 × 15.8 ft—
Living RoomMain3.32 × 5.74 m10.9 × 18.8 ft—
BedroomMain4.03 × 3.27 m13.2 × 10.7 ft—
BedroomMain2.64 × 3.40 m8.7 × 11.2 ft—
BathroomMain1.90 × 2.08 m6.2 × 6.8 ft4 Pc Bath
Living RoomSecond2.97 × 4.64 m9.7 × 15.2 ft—
KitchenSecond3.37 × 2.38 m11.1 × 7.8 ft—
BedroomSecond3.37 × 3.25 m11.1 × 10.7 ft—
BathroomSecond1.49 × 1.93 m4.9 × 6.3 ft4 Pc Bath

Features

  • Carpet Free
  • Separate Hydro Meter
  • Water Meter

Property details

Property

Property type
multiplex
Bedrooms
3
Bathrooms
2
Interior size
1,100 sq ft
Year built
100+
Lot size
50 × 100 ft
Zoning
RS2
Possession
Flexible

Interior

Basement
Unfinished
Heating
Forced Air · Gas
Cooling
Central Air
Exposure
West

Exterior & services

Construction
Aluminum Siding, Brick
Parking spaces
4
Sewer
Sewer

Costs

List price
$499,900
Property taxes
$2,849 / year (2025)
Price per sq ft
$454
Rental items
Water Heater

Listing

MLS® number
S14129136
Status
For sale
Listed
October 29, 2026
Days on market
6
Last updated
October 29, 2026
Listing brokerage
KELLER WILLIAMS EXPERIENCE REALTY

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced below most comparable listings — about 0% of comparable multiplex listings in Midland are asking less.

$534KMedian $640K$678K
This home
$454 / sq ft
Comparable median
$453 / sq ft

Based on 8 comparable active multiplex listings in Midland. These are asking prices, not sale prices.

Mortgage estimate

Down payment5.0% · minimum $24,995
$24,995
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$2,625.83
Property tax (est.)
$237.42
Estimated monthly
$2,863

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$6,473
Total due on closing
$6,473

An estimate on the asking price of $499,900. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of KELLER WILLIAMS EXPERIENCE REALTY. 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.

$499,900

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