361 Third Street

If you’re on the lookout for a brilliant investment opportunity, then look no further than this Multi-Family Home for sale in Midland . Nestled at 361 Third Street, Midland, this property is a legal duplex that offers an impressive combination of space and potential. With a solid structure and plenty of room for creativity, this home is perfect for those wanting to dive into the rental market or simply expand their property portfolio.

The property boasts a spacious 4-bedroom, 2-bathroom main unit, which is ideal for families or groups looking for a comfortable living space. The main floor features one of the bedrooms along with a conveniently located laundry area, making it a breeze to manage daily chores. The rest of the bedrooms are generously sized, ensuring that everyone has their own space. With the main unit currently vacant, you have the perfect opportunity to set your own rental price or move in yourself.

In addition to the main unit, this Multi-Family Home for sale in Midland includes a separate bachelor unit at the back. This additional space enhances the rental potential significantly, making it an attractive proposition for investors. Whether you choose to rent it out or use it for guests, the versatility of this unit is a real bonus.

Parking will never be an issue here, as the property features a private double driveway, providing ample space for up to six vehicles. With two driveways at the front and another access point from Robins Lane at the back, you’ll find that convenience is key. This is particularly advantageous for tenants, ensuring that everyone has easy access to their vehicles without the hassle of street parking.

The exterior of the home is clad in stucco, giving it a modern yet classic look that fits well within the community of Midland. The lot measures a generous 66 by 73 feet, providing plenty of outdoor space for relaxation or potential landscaping projects. However, it’s worth noting that there is no pool on the property, which could be a consideration for those who enjoy a dip in the summer months.

Inside, the home features two kitchens, which is a fantastic asset for a duplex. Each unit can have its own cooking space, allowing for independence and convenience. While there is no central vacuum system or family room, the layout of the home still offers a comfortable living experience. The heating is provided by a forced air system, ensuring warmth during the colder months, and the home is connected to municipal water and sewer systems, making for easy maintenance.

The partial basement has been fully spray foamed, which is a great feature for insulation and energy efficiency. Although there are no additional rooms or extra features listed, the nine total rooms in the property provide ample space for living and storage. Plus, the presence of a fireplace adds a charming touch, perfect for cosy evenings in.

Situated in the heart of Midland, this Multi-Family Home for sale in Midland is conveniently located near schools, shopping, parks, and more. The community is vibrant and welcoming, making it an ideal place for families and individuals alike. With all these features combined, this property is not just a house; it’s a smart move for anyone looking to invest in the area.

In summary, if you’re after a solid investment with great potential, this Multi-Family Home for sale in Midland at 361 Third Street, Midland, is definitely worth considering. With its spacious layout, multiple kitchens, and excellent parking facilities, this property is ready to meet the demands of today’s rental market. Don’t miss out on this opportunity to own a piece of Midland – it might just be the investment you’ve been waiting for!

Midland, a vibrant area within the city of Midland, offers a unique blend of suburban charm and urban convenience. Nestled amidst picturesque landscapes, it boasts a variety of parks and recreational facilities, making it an ideal locale for families and outdoor enthusiasts alike. The community is well-connected by public transport and major roadways, ensuring easy access to the bustling city centre and its array of shops, restaurants, and cultural attractions. With a strong sense of local identity, Midland is characterised by its friendly atmosphere and diverse population, providing a welcoming environment for newcomers looking to settle in a dynamic and engaging neighbourhood.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest school is Mundy's Bay Public School, just 0.5 km away, offering both English and French language programs for grades JK to 8, with a solid rating of 3.8. Huron Park Public School, located 0.9 km from the property, provides French language education for grades 5 to 8 and boasts a higher rating of 4.4. For secondary education, Georgian Bay District Secondary School is situated 1.3 km away, offering programs in both English and French for grades 9 to 12, with an impressive rating of 5.4. Additionally, Monsignor Castex Catholic School, which caters to grades JK to 8 in English, is located 2.1 km from the property. This diverse range of nearby schools, including public and Catholic options, ensures that families have access to quality education in various languages, 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 community with a population of 379 residents and an average household size of 2.4. The average age of the population is 45.8 years, indicating a mature demographic. Households in the area enjoy a relatively high average income of $118,000, with only 8% classified as low-income. The average property price stands at $530,000, reflecting the area's desirability. Approximately 36.92% of the population is single, while 37.5% of households include children, suggesting a mix of family and individual living arrangements. The community is diverse, with 10.81% of residents being immigrants. The rental market is limited, with only 9.38% of households renting, and there are no condominiums available in the area. Education levels are notably high, with 66.15% of residents holding a college or university degree. However, a significant portion of the population, 33.85%, is not actively participating in the labor force. Overall, this area presents a stable and educated community with a balanced demographic profile, making it an attractive location for potential homeowners.