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Property Description

This could be your opportunity to enter the real estate investment world with this legal two unit home. This property is unique in that the second suite is actually a detached garden suite with the utilities for both units been separate. The only utility the Landlord pays is the water. Also, with two completely separate dwellings on one lot, there is no noise transferred between units, helping to keep the Tenants happy. The property is presently fully occupied by two respectable Tenants who are paying on time and would like to stay, truly a ‘turn-key’ investment property. The detached garage was converted into a garden suite in 2019, and it has up-to-date colours and finishings with an electric heat pump for heating and cooling and additional electric baseboards for heating. The original house contains a main floor living room, kitchen, 2 generous bedrooms and a bathroom with an additional shower and rec room in the basement. This property would also make a perfect starter home, live in one unit and rent the other. Located in a quiet Midland neighbourhood close to the lake and downtown amenities.

: Heat Pump, Electric, Forced Air, Natural Gas, Baseboard
: Central Air
: Full, Partially Finished
: Deck
: 2
: Dishwasher, Dryer, Refrigerator, Washer, Stove
: Separate Heating Controls, Separate Hydro Meters
: In-suite
: Schools, Shopping Nearby, Park, Place Of Worship, Playground Nearby, Rec./community Centre, City Lot, Hospital, Library, Marina, Public Transit, Rectangular, Business Centre
: Asphalt
: Asphalt Shing
: Carbon Monoxide Detector(s)
: Sewer (municipal)
Address Map
Simcoe County
L4R 1Y6
258 Elizabeth Street
W80° 7′ 31.6”
N44° 45′ 10.4”
William St to Elizabeth St to Lindsay St
Additional information
Keller Williams Experience Realty Brokerage
: Aluminum Siding
Sacred Heart Catholic School | Mundy’s Bay Ps
: Slab
: North
St. Theresa’s Catholic Hs | Georgian Bay Dhs
: Existing Window Coverings, Culligan Water Sys.
: 51-99 Years
: Municipal Road
: Municipal

258 Elizabeth Street, Midland, ON L4R 1Y6

4 Bedrooms
722 Sqft
Listing ID #40581697
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 40581697
Price : C$569000
Bedrooms : 4
Square Footage : 722 Sqft
Year Built : 1942
Building Area : 1,257 Sqft
Status : Active
Property SubType : Duplex Side/side
Zoning : RM1
Agent info
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