For Sale: 326 Christine Drive, Midland, ON - REW
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$550,000
7 bd • 2 ba • 1100 - 1499 sf • Multifamily
326 Christine Drive
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$550,000
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326 Christine DriveMidland, ON, L4R 5A4

  • 7 Bed
  • 2 Bath
  • 1100 - 1499 Sqft
  • Multifamily

About this home

Legal Midland Duplex with Strong Income Potential - Ideal for Investors or Owner-Occupiers. This legal duplex is located in a convenient Midland neighbourhood, close to the Catholic high school. One of the property's standout features is its rare and desirable layout. The main floor offers 4 bedrooms, while the lower unit provides 3 bedrooms, making it an excellent option for larger families and helping maximize rental appeal.The lower unit is occupied by an excellent long-term tenant on a month-to-month lease, currently paying $1,835 per month inclusive.The upper unit has recently undergone approximately $25,000 in renovations and is vacant, giving buyers flexibility from day one. Move in yourself and enjoy the rental income from the lower unit or rent the upper unit to take advantage of an estimated market rent of approximately $2,600 per month inclusive.The property has a proven rental history, and the 2025 utility costs while both units were occupied totalled $7,967, broken down as follows:Hydro $3,327; Gas $1,126Water & Sewer $1,468; Hot Water Heater Rental $2,045. Whether you are looking to live in one unit while generating rental income from the other or add a legal duplex with strong income potential to your investment portfolio, this is a property well worth considering. (id:63626)
Listed by: ANDREW MCKAY, Salesperson, RE/MAX By The Bay Brokerage

Home facts and features

Price details
List Price
$550,000
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Gross Taxes for 2025
$4,067
Home facts
Bedrooms
7
Full Bathrooms
2
Parking Spaces
3
Parking Details
Attached Garage, Garage
Property Type
Multifamily
Depth
101 feet
Frontage
51.3 feet
Style
Raised bungalow
Exterior Finish
Vinyl siding, Brick Facing
Heating Type
Forced air, Natural gas
Basement Details
Finished, Full
Features
In-Law Suite
Appliances
Refrigerator, Stove
Agent details
Primary Agent
ANDREW MCKAY
Primary Broker
RE/MAX By The Bay Brokerage
Listing details
Days on REW
1 Day
MLS® Number
S13589338
Source
Canadian Real Estate Association
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Property Insights

St Theresa's School
  • Catholic
  • 9 - 12
Huron Park Public School
  • Public
  • JK - 8
Sacred Heart School
  • Catholic
  • JK - 8
Mundy's Bay Elementary Public School
  • Public
  • JK - 8
Georgian Bay District Secondary School
  • Public
  • 9 - 12
Bayview Public School
  • Public
  • JK - 8
Monsignor Castex School
  • Catholic
  • 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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