For Sale - 203 Gianetto Drive, Midland, Ontario

Est payment $2,689/mo
Views   1
Time on Jump  16 day
  • Triplex with strong rental income and positive cash flow.
  • All units currently tenanted on month-to-month agreements.
  • Includes two 2-bedroom units and one 3-bedroom unit.
  • Adjacent vacant lot offers future development potential.
  • Steel roof and separate hydro meters for each unit.



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.
Listing IDS12891894
Address203 Gianetto Drive
CityMidland, Ontario
Price$560,000
Bed / Bath7 / 3 Full
Style1 Storey/Apt, Triplex
ConstructionVinyl Siding
Land Size0.18
TypeMulti-Family
StatusFor Sale
Subtype TriplexIndoor Features NoneOwnership FreeholdBasement HalfFoundation BlockHeating / Cooling BaseboardHeating Fuel ElectricSewer Septic
Parking 6.00
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Listing Agency:  RE/MAX By The Bay Brokerage

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203 Gianetto Drive
Midland , Ontario
7 3 $560,000
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