154 Fifth Street Midland, Ontario L4R 3V9
$499,900
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! (id:57276)
Property Details
| MLS® Number | S14129136 |
| Property Type | Multi-family |
| Community Name | Midland |
| EquipmentType | Water Heater |
| Features | Sloping, Carpet Free |
| ParkingSpaceTotal | 4 |
| RentalEquipmentType | Water Heater |
| Structure | Deck, Patio(s) |
Building
| BathroomTotal | 2 |
| BedroomsAboveGround | 3 |
| BedroomsTotal | 3 |
| Age | 100+ Years |
| Amenities | Separate Electricity Meters |
| Appliances | Water Meter, Dryer, Stove, Washer, Refrigerator |
| BasementDevelopment | Unfinished |
| BasementType | N/a (unfinished) |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Aluminum Siding, Brick |
| FoundationType | Stone |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 1100 - 1500 Sqft |
| Type | Duplex |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 100 Ft |
| SizeFrontage | 50 Ft |
| SizeIrregular | 50 X 100 Ft |
| SizeTotalText | 50 X 100 Ft |
| ZoningDescription | Rs2 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Living Room | 2.97 m | 4.64 m | 2.97 m x 4.64 m |
| Second Level | Kitchen | 3.37 m | 2.38 m | 3.37 m x 2.38 m |
| Second Level | Bedroom | 3.37 m | 3.25 m | 3.37 m x 3.25 m |
| Second Level | Bathroom | 1.49 m | 1.93 m | 1.49 m x 1.93 m |
| Main Level | Kitchen | 3.48 m | 4.82 m | 3.48 m x 4.82 m |
| Main Level | Living Room | 3.32 m | 5.74 m | 3.32 m x 5.74 m |
| Main Level | Bedroom | 4.03 m | 3.27 m | 4.03 m x 3.27 m |
| Main Level | Bedroom | 2.64 m | 3.4 m | 2.64 m x 3.4 m |
| Main Level | Bathroom | 1.9 m | 2.08 m | 1.9 m x 2.08 m |
Utilities
| Cable | Available |
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/30457942/154-fifth-street-midland-midland
Interested?
Contact us for more information
Dave Walker
Salesperson
Jenn Bailey
Salesperson
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October 29 2026 08:34:49
Toronto Real Estate Board
Keller Williams Experience Realty