Perfect Starter Home with Rental Income !


Property

Website:https://www.nestseekers.com/4857604
Address:
Midland L4R 2W9
Ownership: For Sale
Type: Duplex
Bedrooms: 5 BR
Bathrooms: 2
Pets: No Pets Allowed

Financials

Price:C649,000
($476,500)
(€405,500)
Annual Taxes:C3,500

Description

Perfect Starter Home with Rental Income! This low-maintenance legal duplex, built in 1989, is ideal for first-time buyers looking to live and earn. With over $70,000 in cosmetic upgrades, its move-in ready and designed to offset your living costs with rental income. The upper unit, fully renovated in 2021 and currently vacant, features 3 bright bedrooms, 1 bath, over 1,000 sq. ft. of living space, a large kitchen with breakfast area, in-suite laundry, and central air perfect for your own home. The lower unit, recently updated in July 2025 (approx. 870 sq. ft.), offers 2 bedrooms, 1 bath, a generous kitchen with breakfast area, in-suite laundry, and central heating, and is currently rented, providing instant income. Both units enjoy private driveways, separately metered utilities, and exterior wired security cameras. Outdoors, there's a deck and potential space to add a garden suite for extra revenue. Located close to the waterfront and downtown strip, all essential amenities are just minutes away, and Balm Beach is only a 15-minute drive. Whether you choose to rent both units or live upstairs while renting the lower unit, this duplex offers flexibility, income potential, and a great opportunity for first-time buyers to step into homeownership with confidence.

Amenities

  • Separate Heating Controls
  • Separate Hydro Meter

Contact

505 Park Ave, New York, NY 10022