203 George Street

Welcome to this fantastic opportunity to own a Multi-Family Home for sale in Midland , located at 203 George Street, Midland. This charming tri-plex is nestled in the heart of the vibrant community of Midland, offering easy access to downtown and all the amenities you could possibly need. With its prime location, this property is perfect for those looking to invest in a versatile living space or for families seeking a multi-generational home.

The building itself is a two-storey multiplex, featuring a robust vinyl siding exterior that not only looks great but is also low maintenance. With a total of 11 rooms, including five bedrooms and two dens, this Multi-Family Home for sale in Midland provides ample space for everyone. Each of the three self-contained units has its own entrance and hydro meter, ensuring privacy and independence for each tenant. The versatility of the space makes it easy to rent out, with in-suite laundry facilities and plenty of parking available.

At 203 George Street, Midland, you’ll find that each unit is equipped with its own kitchen—yes, there are two kitchens! This is a significant advantage for those who enjoy cooking or simply prefer the convenience of having their own culinary space. The property features a total of three bathrooms, ensuring that everyone has access to essential facilities without the hassle of long waits. The heating is provided by baseboard units, and while there’s no air conditioning, the full, finished basement offers additional living space that can be utilised in various ways.

The bedrooms are spacious, providing a comfortable retreat at the end of the day. With five bedrooms in total, there’s plenty of room for families or groups of tenants. The two dens can be transformed into home offices, playrooms, or additional sleeping areas, making this Multi-Family Home for sale in Midland a truly flexible option.

Parking won’t be an issue here, as the property boasts a private driveway that can accommodate up to six vehicles. However, it’s worth noting that there’s no garage space available. The lot itself measures an impressive 60 by 182 feet, offering a generous outdoor area for potential landscaping or recreational use. Unfortunately, there’s no pool or fireplace on the premises, but the possibilities for creating a lovely outdoor space are endless.

Now, let’s talk about the financial aspect. The current rental situation is quite favourable, with Unit 1 (the basement unit) renting for $1,650 on a month-to-month basis, Unit 2 (the main floor) at $1,285, also on a month-to-month basis, and Unit 3 (the upper unit) secured with a lease until April 30th, 2026, for $1,500. This brings in a solid income, making this Multi-Family Home for sale in Midland a smart investment choice.

In terms of utilities, the costs for 2024 are projected at approximately $3,021.38, with insurance costs around $2,146.33. The property is connected to municipal water and sewer systems, ensuring reliable services for all tenants. While the home is unfurnished, this allows new owners to put their personal touch on the interiors, creating a space that truly feels like home.

Overall, 203 George Street, Midland, is a remarkable Multi-Family Home for sale in Midland that combines convenience, space, and potential for a great return on investment. Whether you’re looking to rent out the units or create a family haven, this property is worth considering. Don’t miss out on this opportunity to own a piece of Midland’s thriving community!

Midland is a vibrant and welcoming neighbourhood nestled within the city of Midland, offering a unique blend of suburban charm and urban convenience. Characterised by its tree-lined streets and well-maintained parks, the area provides ample green spaces for leisure and recreation. Residents enjoy easy access to local amenities, including shops, cafes, and schools, all within a short distance. The community is well-connected by public transport, making it easy to explore the wider city. With a friendly atmosphere and a strong sense of belonging, Midland is an ideal place for families and individuals alike to call home.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a 2.4 km radius, you will find Huron Park Public School, which offers a strong elementary education for grades JK to 8, rated 4.4, and is just 1.4 km away. Mundy's Bay Public School, also an elementary institution, is located 1.8 km from the property and provides French language instruction for grades 1 to 4, with a rating of 3.8. For secondary education, Georgian Bay District Secondary School is a mere 2.4 km away, offering grades 9 to 12 and holding an impressive rating of 5.4. Additionally, Monsignor Castex Catholic School, a Catholic institution serving grades JK to 8, is located 3.0 km from the property, although it currently does not have a rating available. The proximity to these schools, combined with their varied educational offerings in both English and French, ensures that residents will have access to quality education for their children, enhancing the appeal of this property for potential buyers seeking a family-friendly neighborhood.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 404 residents, with an average household size of 2.1. The community has a median age of 43.6 years, indicating a mature population. The average household income stands at $60,400, with 19% of the population classified as low-income. The real estate market reflects an average property price of $370,000, appealing to a diverse range of buyers. Notably, 53.62% of residents are single, and 25% of households include children, suggesting a mix of family types. The area has a significant rental population, with 56.76% of residents renting their homes, while no condominiums are present. Educational attainment is relatively high, with 31.75% of residents holding a college or university degree. However, a substantial portion of the population, 42.86%, is not in the labor force, which may indicate economic challenges or a focus on other pursuits. Additionally, the immigrant population is modest at 2.7%, reflecting a stable community. Overall, this demographic snapshot highlights a diverse and mature community with varying economic circumstances and living arrangements.