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Home ON Greater Midland Midland
351 BORDEN Street
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351 BORDEN Street $849,900
$849,900
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351 BORDEN Street
Midland, Ontario L4R4N7

MLS® Number: 40666532
9
Bedrooms
6
Bathrooms
4494
Square Feet

Listing Description

Looking for a centrally located, purpose-built 5-plex in the heart of Midland? Look no further than this exceptional investment opportunity! This well-maintained building includes three 2-bed/1-bath units, one 1-bed/1-bath unit, and a spacious two-story 2-bed/2-bath landlord's unit, complete with its own driveway, garage, and large backyard. The three 2-bedroom units are vacant and primed for current market rents—two have been recently renovated, while the third is awaiting final touches. The property also boasts a new roof (2024), several updated windows (2023), and convenient on-site coin laundry. Whether you're looking to rent out all five units for maximum income or prefer to live in the spacious landlord unit while renting out the remaining four for steady cash flow, this property offers incredible flexibility. Located just moments from downtown Midland, tenants will enjoy easy access to shops, restaurants, parks, schools, and public transportation. With Midland's vibrant community and prime location, this building is an attractive rental option, ensuring steady income and long-term appreciation. Whether you're a seasoned investor or entering the real estate market, this low-maintenance, high-return property is a fantastic opportunity! (68232609)

Location Description

King St North to right on Yonge St to left on Borden St

Property Summary

Property Type
Multi-family
Storeys
2
Square Footage
4494 sqft
Subdivision Name
MD01 - East of King Street
Title
Freehold
Land Size
under 1/2 acre
Built in
1973
Annual Property Taxes
$5,001.64
Parking Type
Attached Garage
Time on REALTOR.ca
30 days

Building

Bathrooms
Total
6
Interior Features
Basement Type
None
Building Features
Features
Paved driveway, Laundry- Coin operated
Foundation Type
Block
Total Units
5
Heating & Cooling
Cooling
None
Heating Type
Radiant heat, (Natural gas)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Neighbourhood Features
Community Features
Community Centre, School Bus
Amenities Nearby
Hospital, Marina, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Parking
Parking Type
Attached Garage
Total Parking Spaces
5

Measurements

Square Footage
4494 sqft
Above Grade Finished
4494 sqft
Source: Other

Land

Lot Features
Frontage
70 ft
Land Depth
125 ft
Other Property Information
Zoning Description
R4
Data provided by: OnePoint - The Lakelands 34 Cairns Crescent, Huntsville, Ontario P1H 1Y3

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