203 Gianetto Drive Midland, Ontario L4R 5J4
$560,000
Midland triplex offering strong rental income and positive cash flow. All units are currently tenanted on a month-to-month basis with tenants in good standing. Each unit has separate hydro meters. Steel roof. The building includes two 2-bedroom units and one 3-bedroom : Unit 1-2 bedrooms $1,144.31 pm (month to month); Unit 2-2 bedrooms$1,700pm (12 month lease to March 1st 2027); Unit 3-3 bedrooms $1,190.53 pm (month to month.) 2024 water costs total $754.97. The purchase also includes the adjacent vacant lot at 1108 Harbourview Drive, as the existing septic system services both properties. Future potential to sever and create a separate building lot if municipal sewers are extended to the property (buyer to complete their own due diligence). Excellent opportunity for investors seeking stable income with future development potential. (id:49269)
Property Details
| MLS® Number | S12891894 |
| Property Type | Multi-family |
| Community Name | Midland |
| EquipmentType | Water Heater |
| ParkingSpaceTotal | 6 |
| RentalEquipmentType | Water Heater |
Building
| BathroomTotal | 3 |
| BedroomsAboveGround | 7 |
| BedroomsTotal | 7 |
| Appliances | Stove, Refrigerator |
| BasementType | None |
| CoolingType | None |
| ExteriorFinish | Vinyl Siding |
| FoundationType | Block |
| HeatingFuel | Electric |
| HeatingType | Baseboard Heaters |
| SizeInterior | 2000 - 2500 Sqft |
| Type | Triplex |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Septic System |
| SizeDepth | 164 Ft |
| SizeFrontage | 50 Ft |
| SizeIrregular | 50 X 164 Ft |
| SizeTotalText | 50 X 164 Ft |
https://www.realtor.ca/real-estate/29480905/203-gianetto-drive-midland-midland
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March 17 2026 06:00:41
Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®
RE/MAX By The Bay Brokerage