For Sale: 203 Gianetto Drive, Midland, ON - REW
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$560,000
7 bd • 3 ba • 2000 - 2499 sf • Multifamily
203 Gianetto Drive
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$560,000
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203 Gianetto DriveMidland, ON, L4R 5J4

  • 7 Bed
  • 3 Bath
  • 2000 - 2499 Sqft
  • Multifamily

About this home

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:63626)
Listed by: ANDREW MCKAY, Salesperson, RE/MAX By The Bay Brokerage

Home facts and features

Price details
List Price
$560,000
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Gross Taxes for 2026
$3,860
Home facts
Bedrooms
7
Full Bathrooms
3
Parking Spaces
6
Parking Details
No Garage
Property Type
Multifamily
Depth
164 feet
Frontage
50.0 feet
Exterior Finish
Vinyl siding
Heating Type
Baseboard heaters, Electric
Appliances
Refrigerator, Stove
Agent details
Primary Agent
ANDREW MCKAY
Primary Broker
RE/MAX By The Bay Brokerage
Listing details
Days on REW
80 Days
Property Views
11
MLS® Number
S12891894
Source
Canadian Real Estate Association
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25 Years
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3.99%

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Property Insights

Bayview Public School
  • Public
  • JK - 8
Georgian Bay District Secondary School
  • Public
  • 9 - 12
Monsignor Castex School
  • Catholic
  • JK - 8
Mundy's Bay Elementary Public School
  • Public
  • JK - 8
St Ann's School
  • Catholic
  • JK - 8
Sacred Heart School
  • Catholic
  • JK - 8
ÉÉC Saint-Louis
  • Catholic
  • JK - 8
Canadian Martyrs Catholic School
  • Catholic
  • JK - 8
Huron Park Public School
  • Public
  • JK - 8
Burkevale Protestant School
  • Protestant Separate
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
ANDREW MCKAY
Phone:
(705) 441-3179
Cell:
705-441-3179
Office:
705-429-4500
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This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.