Re-listed 13 days ago

538 NELSON St, Midland, Ontario L4R 4W3

Townhouse
2 + 3
2
~700-1100 sqft
$•••,•••
$499,900
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Townhouse
2 + 3
2
~700-1100 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$584/sqft

Est. Mortgage$2,147/mo

Tax Amount (2024)$3,202/yr

Days On Market13 days

Total Days On Market163 days


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, youll 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 youre 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, its a fantastic opportunity to subsidize your expenses by living in one unit while renting out the other.


Property Details

StyleBungalow-Raised
View-
Age of property31-50
SqFt~700-1100 SqFt
Lot Size5,480 SqFt(82.28 x 66.61)
Parking Spaces7
MLS ®NumberS12101174
Community NameMidland
Data SourceTRREB
Listing byKeller Williams Experience Realty

Features

Heating: Baseboard
Basement: Finished, Full

Main Floor

Living

5.18 x 4.65

Dining

3.25 x 2.64

Kitchen

3.07 x 2.64

Primary

4.24 x 3.63


Features

Lot size: 5,480 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 7


Property History

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Price changeActive
$•••,•••
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Re-listed
$•••,•••
13 days on market
history photo preview21
Listing by trreb®
Property listed by Keller Williams Experience Realty, Brokerage
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Market Data - Midland

Geo Zone Map ThumbnailMidland

Strong Seller's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

0 day

Compared to

2024

90 days

2023

45 days

2022

19 days

New Listings

Past 30 days

6 listings

Compared to

2024

5 listings

2023

3 listings

2022

6 listings

Units sold

Past 30 days

0 unit

Compared to

2024

3 units

2023

4 units

2022

3 units

Median Sold Price

Past 30 days

$0

Compared to

2024

$650,000

2023

$541,000

2022

$679,000


Population and Demographics

Overview

Total population 17454
Average household income $98,966

Age (%)

65 and plus
28%
50 to 64
22%
0 to 19
18%
20 to 34
16%
35 to 49
16%

Household composition (%)

Single family
61%
Single person
33%
Multi person
5%
Multi family
1%

Mother tongue (%)

English
91%
French
3%
Others
3%
German
1%

House tenancy (%)

Owners
66%
Renters
34%

Schools and amenities

Estimated Budget